Supplemental Data to the FY08 - FY10 Financial Statements
House 1 Spending and Revenue
The Governor's fiscal year 2010 budget recommendation authorizes spending of $27,973 billion, a decrease of about 0.7% from the fiscal year 2009 General Appropriations Act. When compared to fiscal year 2009 estimated spending which includes 9C reductions and after accounting for County Sheriffs being brought on budget, the House 1 recommendation is for a 0.5% increase over current year spending levels
Spending Items | FY08 GAA (Actuals) | FY09 | FY10 House 1 | House 1 vs. FY09 | % Change |
---|---|---|---|---|---|
GAA | 26,711 | 28,166 | 27,973 | (193) | 0.7% |
Supplemental Appropriations Net of Surpluses | 516 | - | - | - | - |
9C Reductions | - | (851) | - | - | - |
Prior Appropriations Continued from FY08 | - | 156 | - | - | - |
Recognized Deficiencies | - | 292 | - | - | - |
County Corrections Adjustment | - | - | (71) | - | - |
Total Projected Spending | 27,227 | 27,763 | 27,902 | 139 | 0.5% |
Projected Revenue | |||||
Consensus Tax Revenue Forecast | 20,879 | 21,402 | 19,855 | (1,547) | -7.8% |
Federal Reimbursements | 6,429 | 7,071 | 6,811 | (260) | -3.8% |
FMAP | - | - | 711 | 711 | 100.0% |
Departmental Revenue | 2,491 | 2,477 | 2,785 | 308 | 11.1% |
Consolidated Transfers | 266 | (513) | (318) | 195 | -61.3% |
Stabilization Fund Draw | 315 | 401 | 489 | 88 | 18.0% |
Subtotal | 30,380 | 30,838 | 30,333 | (593) | 98.4% |
Less MBTA | (756) | (767) | (767) | 0 | 0.0% |
Less SBA | (635) | (702) | (669) | 33 | -4.9% |
Less Pensions | (1,399) | (1,314) | (1,376) | (62) | 4.5% |
Total Projected Revenue | 27,590 | 28,055 | 27,521 | (622) | -2.2% |
House 1 Spending: $27.973 Billion
House 1 Spending Including Off Budget Transfers
The Governor’s fiscal year 2010 budget recommendation includes a number of operating transfers to and from the non-budgeted funds of the Commonwealth. These include transfers to support spending in the health care related trust funds such as the Commonwealth Care Trust Fund and the Medical Assistance Trust Fund. The state also makes annual transfers to the School Building Authority, MBTA, and pension system. The House 1 bottom line when taking into account these off budget transfers would be $32.221 billion.
FY2009 | FY2010 | % Change | |
---|---|---|---|
FY2009 Est. Spending | 27,763 | ||
House 1 FY 2010: | 27,973 | 0.76% | |
Adjustments: County Corrections Reform | (71) | ||
Adjusted House 1 FY 2010: | 27,902 | 0.50% | |
Spending Through Consolidated Transfers: | |||
Commonwealth Care Trust Fund | 1,023 | 697 | |
Medical Assistance Trust Fund | 509 | 379 | |
State Retiree Benefit Trust Fund | 372 | 394 | |
Reimbursement for FY08 Lottery Shortfall | 32 | - | |
Essential Community Provider Trust Fund | 25 | - | |
E-Health Institute Trust Fund | 15 | - | |
RMV Revenues to the Transportation Improvement Fund | 9 | 17 | |
Mass Cultural Facilities Trust Fund | 6 | - | |
Life Sciences Trust Fund | - | 20 | |
Subtotal of Consolidated Transfers: | 1,991 | 1,507 | |
Spending Through Statutory Transfers: | |||
Pensions | 1,314 | 1,376 | |
MBTA | 767 | 767 | |
SBA | 702 | 669 | |
Subtotal of Statutory Transfers: | 2,783 | 2,812 | |
Grand Total of Spending: | 32,537 | 32,221 | -0.97% |
House 1 Total Revenues: $27.521 Billion
The Governor’s fiscal year 2010 budget recommendation assumes the use of $711 million in enhanced federal Medicaid matching funds and $489 million in state Stabilization funds.
House 1 Tax Revenue
The Governor’s fiscal year 2010 budget recommendation is based upon the agreed upon fiscal year 2010 consensus revenue figure of $19.530 billion as well as an additional $325 million from tax initiatives such as the elimination of tax exemptions on alcohol, sweetened beverages and candy.
Consensus Revenues vs. Actual Revenues
The fiscal year 2009 General Appropriation Act was predicated on a tax forecast of $21.402 billion. On October 15, 2008, the Governor revised that forecast downward to $20.302 billion and implemented a fiscal action plan to close a $1.4 billion budget gap. Since October, however, the Massachusetts economy has deteriorated more than projected and is expected to contract during the last three quarters of fiscal year 2009, as a result of the unfolding national recession. On January 15, 2009 the Secretary of Administration and Finance informed the Governor and the Legislature that the Commonwealth will face a further decline in revenues and anticipated spending exposures, resulting in a new gap of $1.1 billion. The October revenue figure was revised downward to $19.450 billion.
top of page