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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, 2011 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 and 2B. 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 |
Health and Prevention Fund |
Other ** |
---|---|---|---|---|---|
Consensus Tax Revenue | |||||
Alcoholic Beverages | 71.6 | 71.6 | 0.0 | 0.0 | 0.0 |
Cigarettes | 484.0 | 484.0 | 0.0 | 0.0 | 0.0 |
Corporations | 1,371.9 | 1,371.9 | 0.0 | 0.0 | 0.0 |
Deeds | 113.7 | 113.7 | 0.0 | 0.0 | 0.0 |
Estate Inheritance | 205.0 | 205.0 | 0.0 | 0.0 | 0.0 |
Financial Institutions | 193.8 | 193.8 | 0.0 | 0.0 | 0.0 |
Income | 10,629.7 | 10,629.7 | 0.0 | 0.0 | 0.0 |
Insurance | 326.2 | 326.2 | 0.0 | 0.0 | 0.0 |
Motor Fuels | 663.6 | 0.0 | 662.7 | 0.0 | 0.9 |
Public Utilities | 27.9 | 27.9 | 0.0 | 0.0 | 0.0 |
Room Occupancy | 100.0 | 65.0 | 0.0 | 0.0 | 35.0 |
Sales - Regular | 3,648.1 | 3,336.0 | 212.1 | 100.0 | 0.0 |
Sales - Meals | 790.1 | 741.4 | 48.7 | 0.0 | 0.0 |
Sales - Motor Vehicles | 379.2 | 343.2 | 36.0 | 0.0 | 0.0 |
Miscellaneous | 25.2 | 25.2 | 0.0 | 0.0 | 0.0 |
Unemployment Insurance Surcharges | 20.3 | 0.0 | 0.0 | 0.0 | 20.3 |
Total Consensus Tax Revenues: | 19,050.3 | 17,934.6 | 959.5 | 100.0 | 56.2 |
Transfer to School Modernization and Reconstruction Trust (SMART) Fund for School Building Authority | (644.3) | (644.3) | 0.0 | 0.0 | 0.0 |
Transfer to MBTA State and Local Contribution Fund | (767.1) | (767.1) | 0.0 | 0.0 | 0.0 |
Transfer to Pension Reserves Investment Trust Fund for Pension Contribution | (1,441.8) | (1,441.8) | 0.0 | 0.0 | 0.0 |
Total Consensus Tax Revenues for Budget: | 16,197.1 | 15,081.4 | 959.5 | 100.0 | 56.2 |
Revenue Initiatives | |||||
Administrative Provisions to Facilitate Tax Collections | 30.5 | 30.5 | 0.0 | 0.0 | 0.0 |
Limiting Tax Expenditures | 146.6 | 85.0 | 0.0 | 61.6 | 0.0 |
Subtotal of Tax Initiatives: | 177.1 | 115.5 | 0.0 | 61.6 | 0.0 |
SMART Fund Share from Elimination of Sales Tax Exemptions | (10.7) | (0.8) | 0.0 | (9.9) | 0.0 |
Adjusted Transfer to SMART Fund | (655.0) | (655.0) | 0.0 | 0.0 | 0.0 |
Total of Revenue Initiatives NET of SMART Fund Adjustment | 166.4 | 114.7 | 0.0 | 51.7 | 0.0 |
Total Taxes Available for Budget | 16,363.5 | 15,196.1 | 959.5 | 151.7 | 56.2 |
Non-Tax Revenue | |||||
Federal Reimbursements | 8,771.5 | 8,765.2 | 0.0 | 0.0 | 6.4 |
Departmental Revenues | 2,994.8 | 2,484.8 | 499.0 | 0.0 | 11.1 |
Consolidated Transfers | 1,878.4 | 2,055.6 | 0.0 | 0.0 | (177.1) |
Grand Total | 30,008.2 | 28,501.7 | 1,458.5 | 151.7 | (103.4) |
* Includes revenue deposited into the Workforce Training Fund, Mass Tourism Fund, Inland Fish and Game Fund, and Stabilization Fund. | |||||
** Includes tax revenues of 20.3 million into the Workforce Training Fund, 35.0 million into the Mass Tourism Fund, and 0.9 million into the Inland Fish and Game Fund. |
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