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Volume 1
- Budget Message
- Issues in Brief
- Budget Recommendations
- Local Aid to Cities and Towns
- Capital Budget and Debt
Volume 2
Commonwealth Transportation Fund Balances
[ index ]
| The Commonwealth Transportation Fund accounts for road and highway use revenues, including the gas tax, registry fees and 0.385% of the sales tax. The fund is used to pay debt service associated with highway maintenance and construction projects and provides funding for the operation of the independent Massachusetts Department of Transportation (MassDOT). Established as part of the historic transportation reforms implemented in fiscal year 2010, the fund replaces the former Highway Fund as the principal source of transportation related revenues and expenditures for the Commonwealth. | |||
| FY11 | FY12 | FY13 | |
|---|---|---|---|
| Beginning Fund Balances | 10.8 | 31.1 | 96.2 |
| Taxes | 962.1 | 963.2 | 1,002.1 |
| Departmental Revenues | |||
| - Fees | 485.1 | 501.8 | 513.8 |
| - Special Assessments | 13.4 | 13.7 | 13.5 |
| - Licenses and Permits | 0.3 | 0.3 | 0.3 |
| - Sale of Goods | 0.3 | 0.4 | 0.4 |
| - Revenue Collections by Courts | 0.2 | 0.0 | 0.2 |
| - Fines and Penalties | 0.0 | 0.1 | 0.1 |
| - Miscellaneous | 0.0 | 0.1 | 0.1 |
| Consolidated Transfers | (32.9) | 0.0 | 0.0 |
| Total Revenues | 1,428.4 | 1,479.7 | 1,530.5 |
| Total Available | 1,439.2 | 1,510.8 | 1,626.7 |
| Debt Service | 992.8 | 1,017.9 | 1,019.4 |
| Independents | 313.6 | 0.0 | 0.0 |
| Administration & Finance | 53.1 | 0.0 | 0.0 |
| Transportation | 0.0 | 363.9 | 348.2 |
| Public Safety | 0.0 | 0.0 | 139.1 |
| Total Expenditures | 1,359.5 | 1,381.8 | 1,506.7 |
| Transfers to Other Funds | 48.5 | 32.7 | 53.2 |
| Ending Fund Balances | 31.2 | 96.3 | 66.8 |
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