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, 2013 are necessary and sufficient to provide the means to defray the appropriations and expenditures from such funds for this fiscal year as set forth and authorized in sections 2, 2B and 2E. The comptroller shall keep a distinct account of actual receipts from each such source by each such fund to 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 to include a full statement comparing such actual and projected receipts in the annual report for this fiscal year pursuant to section 13 of chapter 7A of the General Laws. The 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 |
Tourism Fund |
Other * |
---|---|---|---|---|---|
Consensus Tax Revenue | |||||
Alcoholic Beverages | 77.1 | 77.1 | 0.0 | 0.0 | 0.0 |
Cigarettes | 454.4 | 454.4 | 0.0 | 0.0 | 0.0 |
Corporations | 1,836.5 | 1,836.5 | 0.0 | 0.0 | 0.0 |
Deeds | 141.1 | 141.1 | 0.0 | 0.0 | 0.0 |
Estate Inheritance | 246.5 | 246.5 | 0.0 | 0.0 | 0.0 |
Financial Institutions | 112.7 | 112.7 | 0.0 | 0.0 | 0.0 |
Income | 12,731.8 | 12,731.8 | 0.0 | 0.0 | 0.0 |
Insurance | 335.4 | 335.4 | 0.0 | 0.0 | 0.0 |
Motor Fuels | 678.7 | 0.0 | 677.8 | 0.0 | 0.9 |
Public Utilities | (32.3) | (32.3) | 0.0 | 0.0 | 0.0 |
Room Occupancy | 127.7 | 83.0 | 0.0 | 44.7 | 0.0 |
Sales - Regular | 3,625.6 | 3,402.3 | 223.3 | 0.0 | 0.0 |
Sales - Meals | 894.6 | 839.5 | 55.1 | 0.0 | 0.0 |
Sales - Motor Vehicles | 683.2 | 641.1 | 42.1 | 0.0 | 0.0 |
Miscellaneous | 16.8 | 16.8 | 0.0 | 0.0 | 0.0 |
Unemployment Insurance Surcharges | 20.2 | 0.0 | 0.0 | 0.0 | 20.2 |
Total Consensus Tax Revenues: | 21,950.0 | 20,885.9 | 998.3 | 44.7 | 21.1 |
Annual State Contribution to the State Pension System | (1,552.0) | (1,552.0) | 0.0 | 0.0 | 0.0 |
Sales Tax Dedicated to the MBTA | (786.8) | (786.8) | 0.0 | 0.0 | 0.0 |
Sales Tax Dedicated to the SBA | (689.4) | (689.4) | 0.0 | 0.0 | 0.0 |
Workforce Training Trust Fund Transfer | (20.2) | 0.0 | 0.0 | 0.0 | (20.2) |
Total Consensus Tax Revenues for Budget: | 18,901.6 | 17,857.7 | 998.3 | 44.7 | 0.9 |
Revenue Initiatives | |||||
House 2 Tax Related Revenue Initiatives | 154.4 | 86.6 | 3.8 | 2.5 | 61.5 |
SBA Share of Tax Related Revenue Initiatives | (9.8) | 0.0 | 0.0 | 0.0 | (9.8) |
Subtotal of Tax Initiatives: | 144.6 | 86.6 | 3.8 | 2.5 | 51.7 |
Total Taxes Available for Budget | 19,046.2 | 17,944.3 | 1,002.1 | 47.2 | 52.6 |
Non-Tax Revenue | |||||
Federal Reimbursements | 8,014.7 | 8,009.2 | 0.0 | 0.0 | 5.5 |
Departmental Revenues | 3,210.6 | 2,665.7 | 528.4 | 0.0 | 16.5 |
Consolidated Transfers | 1,765.9 | 2,083.6 | 0.0 | 0.0 | (317.8) |
State Retiree Benefits Trust Fund Portion of Tobacco Settlement Payment | (27.6) | (27.6) | 0.0 | 0.0 | 0.0 |
Non-Tax Revenue Total | 12,963.6 | 12,730.9 | 528.4 | 0.0 | (295.8) |
Grand Total | 32,009.8 | 30,675.2 | 1,530.5 | 47.2 | (243.2) |
* Includes tax revenues of $51.7 million for the Commonwealth Health and Prevention Fund, $20.2 million for the Workforce Training Trust Fund and $0.9 million for the Inland Fisheries and Game Fund. | |||||