Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2010

Governor's Budget Recommendation FY 2010

Office of the Treasurer and Receiver-General




Fiscal Year 2010 Resource Summary ($000)
DEPARTMENT FY2010
Budgetary
Recommendations
FY2010
Federal, Trust,
and ISF
FY2010
Total
Spending
FY2010
Budgetary
Non-Tax Revenue
Office of the Treasurer and Receiver-General 2,078,072 3,270,316 5,348,388 127,810

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account description amount
OFFICE OF THE TREASURER AND RECEIVER-GENERAL 5,348,388,341
Budgetary Direct Appropriations 2,078,071,897
0610-0000 Office of the Treasurer and Receiver-General
For the operation of the office of the treasurer and receiver-general
9,937,577
0610-0050 Alcoholic Beverages Control Commission
For the alcoholic beverages control commission
2,101,538
0610-0060 Alcoholic Beverages Control Commission Investigation and Enforcement
For the costs associated with the investigation and enforcement division of the alcoholic beverages control commission's implementation of the enhanced liquor enforcement programs
311,500
0610-0140 Financial Institution Fees
For the purpose of funding administrative, transactional and research expenses associated with maintaining and increasing the interest earnings on the commonwealth's General and Stabilization Fund investments
22,250
0610-2000 Welcome Home Bill Bonus Payments
For bonus payments to veterans under section 16 of chapter 130 of the acts of 2005
3,137,003
0611-1000 Bonus Payments to War Veterans
For bonus payments to war veterans
44,500
0699-0015 Consolidated Long-Term Debt Service
For the payment of interest, discount and principal on certain bonded debt of the commonwealth, previously charged to the Local Aid Fund, the State Recreation Areas Fund, the Metropolitan Parks District Fund, the Metropolitan Water District Fund, the Metropolitan Sewerage District Fund, the Watershed Management Fund, the Highway Fund and the Inter-City Bus Fund; provided, that payments of certain serial bonds maturing previously charged to the Local Aid Fund, the State Recreation Areas Fund, the Metropolitan Water District Fund, the Metropolitan Sewerage District Fund and the Highway Fund shall be paid from this item; provided further, that notwithstanding any general or special law to the contrary, the state treasurer may make payments under section 38C of chapter 29 of the General Laws from this item and item 0699-9100 and may expend amounts received under section 38C without further appropriation; provided further, that the payments shall pertain to the bonds, notes, or other obligations authorized to be paid from each item or to refunding escrows related to debt of the commonwealth; provided further, that notwithstanding any general or special law to the contrary, the comptroller may transfer the amounts that would otherwise be unexpended on June 30, 2010, from item 0699-0015 to item 0699-9100 or from item 0699-9100 to item 0699-0015 which would otherwise have insufficient amounts to meet debt service obligations for the fiscal year ending June 30, 2010; provided further, that each amount transferred shall be charged to the funds as specified in the item to which the amount is transferred; provided further, that payments on bonds issued under section 2O of chapter 29 of the General Laws shall be paid from this item and shall be charged to the Highway Fund; provided further, that payments of interest, discount and principal on certain bonded debt of the commonwealth associated with the Watershed Management Fund for the acquisition of development rights and other interests in land, including fee simple acquisitions of watershed lands of the Quabbin and Wachusett reservoirs and the Ware river watershed above the Ware river intake pipe shall be paid from this item; provided further, that notwithstanding any general or special law to the contrary or other provisions of this item, the comptroller may charge the payments authorized in this item to the appropriate budgetary or other fund subject to a plan which the comptroller shall file 10 days in advance with the house and senate committees on ways and means; and provided further, that the comptroller shall transfer from this item to the Government Land Bank Fund an amount equal to the amount by which debt service charged to the fund exceeds revenue deposited to the fund
                General Fund ............... 60.00%
                Highway Fund ............... 40.00%
1,870,000,000
0699-0016 Accelerated Bridge Program Debt Service
For the payment of interest, discount and principal on certain indebtedness incurred under chapter 233 of the acts of 2008 for financing the accelerated bridge program
                Highway Fund ............... 100%
12,000,000
0699-2004 Central Artery/Tunnel Debt Service
For the payment of interest, discount and principal on certain indebtedness incurred under chapter 87 of the acts of 2000, as amended by chapter 125 of the acts of 2000, for financing the central artery/tunnel funding shortfall
                Highway Fund ............... 100%
91,719,000
0699-9100 Short-Term Debt Service and Costs of Issuance
For the payment of interest and issuance costs on bonds and bond and revenue anticipation notes and other notes under sections 47 and 49B of chapter 29 of the General Laws and for the payment to the United States under section 148 of the Internal Revenue Code of 1986 of any rebate amount or yield reduction payment owed with respect to any outstanding bonds or notes of the commonwealth; provided, that the treasurer shall certify to the comptroller a schedule of the distribution of costs among the various funds of the commonwealth; provided further, that the comptroller shall charge costs to the funds in accordance with the schedule; and provided further, that any deficit in this item at the close of the fiscal year ending June 30, 2010 shall be charged to the various funds or to the General Fund or Transportation Fund debt service reserves
52,104,529
0699-9101 Grant Anticipation Notes Debt Service
For the purpose of depositing with the trustee under the trust agreement authorized in section 10 of chapter 11 of the acts of 1997 an amount to be used to pay the interest due on notes of the commonwealth issued under section 9 of chapter 11 of the acts of 1997 and secured by the Federal Highway Grant Anticipation Note Trust Fund
                Highway Fund ............... 100%
36,694,000
account description amount
Trust and Other Spending 3,270,316,444
0610-0093 A Hero's Welcome Trust Fund 23,400
0610-1722 Silver Haired Legislature 1,219
0610-2032 MBTA Infrastructure Renovation Fund - TIF Transfer Funding 4,300,000
0610-2100 Water Pollution Abatement Administrative Expendable Trust 825,000
0610-3382 Commonwealth Covenant Fund 210,964
0610-3765 Victims of Drunk Driving 500,000
0610-7220 School Modernization and Reconstruction 702,300,000
0611-5012 Special Election Payments 52,000
0612-0000 State Board of Retirement Administration 4,444,712
0612-1013 Martin H. McNamara Annuity Trust 31,504
0612-1020 State Retirement Board Pension Fund 1,177,225,665
0612-1600 State Employees Annuities Fund Balance 255,278,902
0650-1700 Abandoned Property 145,000,000
0699-8101 Discount on Sale of Bonds - Government Land Bank Fund 5,410,039
0699-8197 Debt Service Expenses 34,485,933
6005-9987 MBTA State and Local Contribution Payment 940,216,106
7070-6607 Technical Education Fund - U.S. Endowment 11,000


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