This is not the official budget document.

General Appropriations Act FY2008

Executive Office of Housing and Economic Development
Data Current as of:  10/29/2007



Account Description FY07
GAA
FY08
GAA
7006-0020 Division of Insurance
For the operation of the division of insurance, including the expenses of the board of appeal on motor vehicle liability policies and bonds and certain other costs of supervising motor vehicle liability insurance and the expenses of the fraudulent claims board; provided, that the positions of counsel I and counsel II shall not be subject to chapter 31 of the General Laws; provided further, that contracts or orders for the purchase of statement blanks for the making of annual reports to the commissioner of insurance shall not be subject to the restrictions prescribed by section 1 of chapter 5 of the General Laws; provided further, that the division shall maintain a phone system in its western Massachusetts office that shall immediately transfer calls made to that office to the consumer assistance office in the city of Boston during any business hours when the western Massachusetts office is closed; provided further, that the division shall have an employee or other person answering all initial incoming telephone calls, excluding all direct in-dial calls, between the hours of 9:00 a.m. and 5:00 p.m.; provided further, that the division shall designate an employee to handle all incoming calls relative to chapter 218 of the acts of 1995 or regulations promulgated under section 51 of chapter 111 of the General Laws; provided further, that notwithstanding any general or special law to the contrary, 100 per cent of the amount appropriated in this item shall be assessed upon the institutions which the division currently regulates except for licensed business entity producers under powers granted to the division by general or special law or regulation; and provided further, that such assessment shall be in addition to any assessments that the division currently assesses upon such institutions and shall be made at a rate sufficient to produce $10,960,219 in additional revenue that will pay for this item
10,716,896 10,960,219

 
 
HISTORICAL SPENDING CATEGORIES ($000)
SPENDING CATEGORY FY04
Spending
FY05
Spending
FY06
Spending
FY07
Spending
FY08
GAA
Wages & Salaries 6,491 6,843 7,522 8,341 8,252
Pensions & Benefits 272 270 279 328 328
Operating Expenses 1,867 2,026 1,780 2,413 2,380
TOTAL 8,630 9,138 9,580 11,081 10,960

* FY07 Projected Spending includes the budget plus nearly $1 billion in spending from FY06 supplemental budgets.

 

Pie Chart: Wages & Salaries=75%, Pensions & Benefits=3%, Operating Expenses=22%