SECTION 1A. In accordance with Articles LXIII and CVII of the Amendments to the Constitution and section 6D of chapter 29 of the General Laws, it is hereby declared that the amounts of revenue set forth in this section by source for the respective funds of the commonwealth for the fiscal year ending June 30, 2010, are necessary and sufficient to provide the means to defray the appropriations and expenditures from such funds for that fiscal year as set forth and authorized in section 2. The comptroller shall keep a distinct account of actual receipts from each such source by each such fund, furnish the executive office for administration and finance and the house and senate committees on ways and means with quarterly statements comparing such receipts with the projected receipts set forth in this section, and include a full statement comparing such actual and projected receipts in the annual report for that fiscal year pursuant to section 12 of chapter 7A of the General Laws. These quarterly and annual reports shall also include detailed statements of any other sources of revenue for the budgeted funds in addition to those specified in this section.
Source | All Budgeted Funds * |
General Fund |
Commonwealth Transportation Fund |
Commonwealth Wellness Fund |
Other ** |
---|---|---|---|---|---|
Consensus Tax Revenue | |||||
Alcoholic Beverages | 69.5 | 69.5 | 0.0 | 0.0 | 0.0 |
Cigarettes | 483.9 | 483.9 | 0.0 | 0.0 | 0.0 |
Corporations | 1,455.8 | 1,455.8 | 0.0 | 0.0 | 0.0 |
Deeds | 95.9 | 95.9 | 0.0 | 0.0 | 0.0 |
Estate Inheritance | 211.4 | 211.4 | 0.0 | 0.0 | 0.0 |
Financial Institutions | 270.8 | 270.8 | 0.0 | 0.0 | 0.0 |
Income | 10,372.2 | 10,372.2 | 0.0 | 0.0 | 0.0 |
Insurance | 351.4 | 351.4 | 0.0 | 0.0 | 0.0 |
Motor Fuels | 638.2 | 0.0 | 637.3 | 0.0 | 0.9 |
Public Utilities | 88.9 | 88.9 | 0.0 | 0.0 | 0.0 |
Room Occupancy | 104.1 | 67.7 | 0.0 | 0.0 | 36.5 |
Sales - Regular | 2,755.3 | 2,755.3 | 0.0 | 0.0 | 0.0 |
Sales - Meals | 627.6 | 627.6 | 0.0 | 0.0 | 0.0 |
Sales - Motor Vehicles | 440.2 | 440.2 | 0.0 | 0.0 | 0.0 |
Miscellaneous | 2.7 | 2.7 | 0.0 | 0.0 | 0.0 |
Unemployment Insurance Surcharges | 21.1 | 0.0 | 0.0 | 0.0 | 21.1 |
Total Consensus Tax Revenues: | 17,989.0 | 17,293.3 | 637.3 | 0.0 | 58.5 |
Transfer to School Modernization and Reconstruction Trust (SMART) Fund for School Building Authority | (607.1) | (607.1) | 0.0 | 0.0 | 0.0 |
Transfer to MBTA State and Local Contribution Fund | (767.1) | (767.1) | 0.0 | 0.0 | 0.0 |
Transfer to Pension Reserves Investment Trust Fund for Pension Contribution | (1,376.6) | (1,376.6) | 0.0 | 0.0 | 0.0 |
Total Consensus Tax Revenues for Budget: | 15,238.2 | 14,542.5 | 637.3 | 0.0 | 0.0 |
Fiscal 2010 Tax Initiatives | |||||
Sales Tax Increase | 759.0 | 759.0 | 0.0 | 0.0 | 0.0 |
Elimination of Alcohol Sales Tax Exemption | 78.8 | 78.8 | 0.0 | 0.0 | 0.0 |
Satellite TV Tax | 25.9 | 25.9 | 0.0 | 0.0 | 0.0 |
Annualized Value of Additional Auditors Hired in FY2009 | 26.0 | 26.0 | 0.0 | 0.0 | 0.0 |
Subtotal of Tax Initiatives: | 889.7 | 889.7 | 0.0 | 0.0 | 0.0 |
SMART Fund Share from Alcohol Initiative | (16.0) | (16.0) | 0.0 | 0.0 | 0.0 |
Adjusted Transfer to SMART Fund | (623.0) | (623.0) | 0.0 | 0.0 | 0.0 |
Total of Tax Initiatives NET of SMART Fund Adjustment | 873.7 | 873.7 | 0.0 | 0.0 | 58.5 |
Total Taxes Available for Budget | 16,111.9 | 15,416.2 | 637.3 | 0.0 | 58.5 |
Non-Tax Revenue | |||||
Federal Reimbursements | 8,190.0 | 8,184.9 | 0.0 | 0.0 | 5.1 |
Departmental Revenues | 2,749.0 | 2,225.9 | 516.2 | 0.0 | 6.9 |
Consolidated Transfers | 69.4 | 64.4 | (59.8) | 67.0 | (2.1) |
Grand Total | 27,120.3 | 25,891.4 | 1,093.7 | 67.0 | 68.4 |
* Includes revenue deposited into the Workforce Training Fund, Mass Tourism Fund, Inland Fish and Game Fund, and Stabilization Fund. | |||||
** Includes tax revenues of 20.9 million into the Workforce Training Fund, 40.3 million into the Mass Tourism Fund, and 0.9 million into the Inland Fish and Game Fund. |