Overview

• The plan phases in nearly $2 billion in ongoing state and local road funding over four years, financed in part by a new 24% wholesale cannabis tax starting Jan. 1, 2026.
• Tax changes continue and expand relief by rolling back the retirement tax, boosting the Earned Income Tax Credit, and eliminating state taxes on tips, overtime pay and Social Security income.
• K‑12 funding sets a record per‑pupil allocation of about $10,050 and preserves free school meals, with additional support for community colleges and universities.
• Health and human services receive about $29.8 billion for Medicaid and related programs, including major investments in behavioral health, senior care and children’s services.
• The package boosts public safety and local services through increased revenue sharing, creates a Public Safety Trust Fund, sustains roughly 2,000 state troopers, and cuts about 2,000 vacant government jobs.