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.

Fiscal Year 2011 Revenue by Source Fund (in Millions)
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.