Section 1A - Revenue by Source and Fund
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, 2015 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 |
Massachusetts Tourism Fund |
Commonwealth Health and Prevention Fund |
Health Insurance Expansion Fund |
Other * |
|---|---|---|---|---|---|---|---|
| Fiscal 2015 Consensus Tax Revenue Estimate | |||||||
| Alcoholic Beverages | 79.2 | 79.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cigarettes | 513.0 | 513.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Corporations | 2,000.0 | 2,000.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deeds | 232.6 | 232.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Estate Inheritance | 304.3 | 304.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Financial Institutions | 4.8 | 4.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Income | 14,020.8 | 14,020.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Insurance | 413.5 | 413.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Motor Fuels | 771.6 | 0.0 | 770.6 | 0.0 | 0.0 | 0.0 | 1.0 |
| Public Utilities | (1.8) | (1.8) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Room Occupancy | 141.7 | 92.1 | 0.0 | 49.6 | 0.0 | 0.0 | 0.0 |
| Sales - Regular | 4,038.8 | 4,038.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales - Meals | 997.7 | 997.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales - Motor Vehicles | 783.3 | 257.1 | 526.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Miscellaneous | 15.4 | 15.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Unemployment Insurance Surcharges | 22.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 22.2 |
| Total Tax Revenues: | 24,337.1 | 22,967.5 | 1,296.8 | 49.6 | 0.0 | 0.0 | 23.2 |
| House 2 Tax Initiatives & Delay of FAS 109 | |||||||
| Repealing the Exemption of Candy and Soda from the Sales Tax | 67.8 | 0.0 | 0.0 | 0.0 | 67.8 | 0.0 | 0.0 |
| Delaying the FAS 109 Deduction for an Additional Year | 45.8 | 45.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Taxing Security Corporations Like Other Business Corporations | 21.0 | 21.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Taxing Non-Insurance Subsidiaries of Insurance Companies Like Other Business Corporations | 8.4 | 8.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Clarifying that the Room Occupancy Excise Applies to Internet Room Resellers | 8.1 | 5.3 | 0.0 | 2.8 | 0.0 | 0.0 | 0.0 |
| Expanding the Room Occupancy Excise to Include Transient Accomodations | 2.6 | 1.7 | 0.0 | 0.9 | 0.0 | 0.0 | 0.0 |
| Total Tax Revenues: | 153.7 | 82.2 | 0.0 | 3.7 | 67.8 | 0.0 | 0.0 |
| Annual State Contribution to the State Pension System | (1,793.0) | (1,793.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales Tax Dedicated to the MBTA | (811.3) | (811.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales Tax Dedicated to the SBA | (782.4) | (771.6) | 0.0 | 0.0 | (10.8) | 0.0 | 0.0 |
| Workforce Training Trust Fund Transfer | (22.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (22.2) |
| Total Transfers: | (3,408.9) | (3,375.9) | 0.0 | 0.0 | (10.8) | 0.0 | (22.2) |
| Total Taxes Available for the Fiscal 2015 Budget | 21,081.9 | 19,673.8 | 1,296.8 | 53.3 | 57.0 | 0.0 | 1.0 |
| Non-Tax Revenue | |||||||
| Federal Reimbursements | 9,522.0 | 9,165.5 | 0.0 | 0.0 | 0.0 | 350.0 | 6.5 |
| Departmental Revenues | 3,714.0 | 3,030.7 | 663.9 | 0.0 | 0.0 | 0.0 | 19.3 |
| Consolidated Transfers | 1,863.7 | 1,796.6 | 75.0 | 1.7 | 0.0 | 0.0 | (9.6) |
| Non-Tax Revenue Total | 15,099.7 | 13,992.8 | 738.9 | 1.7 | 0.0 | 350.0 | 16.2 |
| Grand Total | 36,181.6 | 33,666.6 | 2,035.7 | 55.0 | 57.0 | 350.0 | 17.2 |
| * Workforce Training Trust Fund, Inland Fisheries and Game Fund and a number of budgetary funds established in Chapter 194 of the Acts of 2012, otherwise known as "An Act Establishing Expanded Gaming in the Commonwealth." | |||||||
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