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, 2019 are necessary and sufficient to provide the means to defray the appropriations from such funds for this fiscal year as set forth and authorized in sections 2, 2B and 2E. 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 the fiscal year ending June 30, 2019 pursuant to subsection (a) of section 12 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 2019 Revenue by Source Fund (in Millions)

Source

All
Budgeted
Funds

 
General
Fund

Commonwealth
Transportation
Fund

Gaming
Local Aid
Fund

Marijuana
Regulation
Fund

 
Other *
Fiscal 2019 Consensus Tax Revenue Estimate
Alcoholic Beverages 88.1 88.1 0.0 0.0 0.0 0.0
Cigarettes 475.0 475.0 0.0 0.0 0.0 0.0
Corporations 2,147.6 2,147.6 0.0 0.0 0.0 0.0
Deeds 327.3 327.3 0.0 0.0 0.0 0.0
Estate Inheritance 332.1 332.1 0.0 0.0 0.0 0.0
Financial Institutions 0.3 0.3 0.0 0.0 0.0 0.0
Income 16,231.4 16,231.4 0.0 0.0 0.0 0.0
Insurance 425.5 425.5 0.0 0.0 0.0 0.0
Motor Fuels 767.3 0.0 766.3 0.0 0.0 1.0
Public Utilities 0.0 0.0 0.0 0.0 0.0 0.0
Room Occupancy 165.3 165.3 0.0 0.0 0.0 0.0
Sales - Regular 4,502.0 2,916.4 0.0 0.0 0.0 1,585.6
Sales - Meals 1,209.7 1,209.7 0.0 0.0 0.0 0.0
Sales - Motor Vehicles 866.0 0.0 561.0 0.0 0.0 305.0
Miscellaneous 32.5 32.5 0.0 0.0 0.0 0.0
Unemployment Insurance Surcharge 24.0 0.0 0.0 0.0 0.0 24.0
Fiscal 2019 Consensus Tax Revenue Estimate 27,594.0 24,351.0 1,327.3 0.0 0.0 1,915.7
 
Tax Transfers
Annual Contribution to the State Pension System (2,608.5) (2,608.5) 0.0 0.0 0.0 0.0
Sales Tax Transfer to the MBTA (1,031.8) 0.0 0.0 0.0 0.0 (1,031.8)
Sales Tax Transfer to the MSBA (858.9) 0.0 0.0 0.0 0.0 (858.9)
UI Surcharge Transfer to the Workforce Training Trust Fund (24.0) 0.0 0.0 0.0 0.0 (24.0)
Excess Capital Gains Tax to Stabilization Fund (88.5) (88.5) 0.0 0.0 0.0 0.0
Subtotal, Tax Transfers (4,611.6) (2,696.9) 0.0 0.0 0.0 (1,914.6)
 
Fiscal 2019 Consensus Tax Revenue Available for Budget 22,982.4 21,654.1 1,327.3 0.0 0.0 1.0
 
House 2 Tax Initiatives and Other Tax Revenue
Tax-Related Settlements and Judgments 125.0 125.0 0.0 0.0 0.0 0.0
Corporate Dividend Repatriation 65.0 65.0 0.0 0.0 0.0 0.0
Marijuana Sales and Excise Taxes 63.0 19.3 0.0 0.0 40.0 3.7
Marijuana Sales Tax Transfer to MSBA (3.7) 0.0 0.0 0.0 0.0 (3.7)
Transient Accommodation 13.0 13.0 0.0 0.0 0.0 0.0
Subtotal, House 2 Tax Initiatives and Other Tax Revenue 262.3 222.3 0.0 0.0 40.0 0.0
 
Total Taxes Available for the Fiscal 2019 Budget 23,244.7 21,876.4 1,327.3 0.0 40.0 1.0
 
Non-Tax Revenue
Federal Reimbursements 11,357.3 11,349.8 0.0 0.0 0.0 7.5
Departmental Revenues 4,883.4 4,147.5 688.9 0.0 0.0 47.0
Consolidated Transfers 2,095.6 1,785.1 129.0 66.4 0.0 115.1
Subtotal, Non-Tax Revenue Total 18,336.3 17,282.4 817.9 66.4 0.0 169.6
 
Grand Total 41,581.0 39,158.8 2,145.2 66.4 40.0 170.6
* Other funds include the Local Capital Projects Fund, Education Fund, Gaming Economic Development Fund, Underground Storage Tank Petroleum Product Cleanup Fund, Commonwealth Stabilization Fund, Inland Fish and Game Fund, Marine Recreational Fisheries Development Fund, Public Safety Training Fund, and revenue transferred to the Massachusetts Bay Transportation Authority, Massachusetts School Building Authority, and the Workforce Training Trust Fund.