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Budget Recommendations

Treasurer and Receiver-General

 
Treasurer and Receiver-General
 
FISCAL YEAR 2007 RESOURCE SUMMARY ($000)
DEPARTMENT
FY 2007
Budgetary
Recommendations

FY 2007
Federal, Trust,
and ISF

FY 2007
Total
Spending

FY 2007
Budgetary
Non-Tax Revenue

Office of the Treasurer and Receiver-General 2,347,753  2,010,447  4,358,200  298,200 

TOTAL       2,347,753  2,010,447    4,358,200  298,200 
 
Office of the Treasurer and Receiver-General 4,358,200,300
 
Click here for outside sections related to:   Office of the Treasurer and Receiver-General
 
Budgetary Direct Appropriations 2,347,752,949
Direct Appropriations  
 
 Office of the Treasurer and Receiver-General  
   0610-0000   For the operation of the office of the treasurer and receiver-general 7,242,203
 
General Fund 90.00%
Highway Fund 10.00%
 
 
 Payment of Bank Fees  
   0610-0100   For the payment of bank fees 3,600,000
 
General Fund 90.00%
Highway Fund 10.00%
 
 
 Welcome Home Bill Bonus Payments  
   0610-2000   For bonus payments to veterans pursuant to section 16 of chapter 130 of the Acts of 2005 3,000,000
 
 Bonus Payments to War Veterans  
   0611-1000   For bonus payments to war veterans 50,000
 
 Welcome Home Bill Life Insurance Premium Reimbursement Program  
   0611-1010   For the life insurance premium provision pursuant to section 88B of chapter 33 of the General Laws 1,170,000
 
 Additional Assistance to Cities and Towns  
   0611-5500   For additional assistance to cities and towns to be distributed according to the provisions of section 3, and for assistance in a total amount of $1,249,948 to certain public entities of the commonwealth which have constructed water pollution abatement facilities 379,767,936
 
 Reimbursements to Cities and Towns in Lieu of Taxes on State-Owned Land  
   0611-5510   For reimbursements to cities and towns in lieu of taxes on state-owned land pursuant to sections 13 to 17, inclusive, of chapter 58 of the General Laws 25,300,000
 
 Payments to Cities and Towns for Local Share of Racing Tax Revenues  
   0611-5800   For distribution to each city and town within which racing meetings are conducted pursuant to section 18D of chapter 58 of the General Laws 2,500,000
 
 Public Safety Employees Line-of-Duty Death Benefits  
   0612-0105   For payment of the public safety employees line-of-duty death benefits authorized by section 100A of chapter 32 of the General Laws 500,000
 
 Commission on Firemen's Relief  
   0620-0000   For financial assistance to injured firefighters 9,808
 
 Consolidated Long-Term Debt Service  
   0699-0015   For the payment of interest, discount, and principal on certain bonded debt and the sale of bonds of the commonwealth; provided, that payments on bonds issued pursuant to section 2O of chapter 29 of the General Laws shall be paid from this item and shall be charged to the Infrastructure Fund subfund of the Highway Fund; provided further, that notwithstanding the provisions of any general or special law including this item to the contrary, the comptroller may charge the payments authorized herein to the appropriate budgetary or other fund subject to a plan which the comptroller shall file ten days in advance with the house and senate committees on ways and means; provided further, that notwithstanding the provisions of any general or special law to the contrary, the state treasurer is hereby authorized to make payments pursuant to the provisions of section 38C of said chapter 29 from this item for the bonds, notes, or other obligations authorized to be paid from this item; provided further, that the comptroller is hereby authorized to transfer among items 0699-0015, 0699-9100, and 0699-9101 such amounts in said items that would otherwise be unexpended on June 30, 2007, to said items that would otherwise have insufficient amounts to meet debt service payments for the fiscal year ending June 30, 2007; provided further, that each amount transferred shall be charged to such funds as specified in the item to which such amount is so transferred; 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 said fund exceeds revenue deposited to said fund; and provided further, that debt service charged to the Highway Fund shall be charged to the Infrastructure Fund subfund of the Highway Fund in accordance with said section 2O of said chapter 29 1,752,387,002
 
General Fund 68.07%
Infrastructure Fund 31.93%
 
 
 Central Artery/Tunnel Debt Service  
   0699-2004   For the payment of interest, discount, and principal on certain indebtedness which may be incurred pursuant to 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; provided, that notwithstanding the provisions of any general or special law to the contrary, the state treasurer is hereby authorized to make payments pursuant to the provisions of section 38C of chapter 29 of the General Laws from this item for the bonds, notes, or other obligations authorized to be paid from this item 70,655,000
 
Highway Fund 100%
 
 
 Short-Term Debt Service and Costs of Issuance  
   0699-9100   For the payment of interest and issuance costs on bonds and bond revenue anticipation notes, and other notes pursuant to sections 47 and 49B of chapter 29 of the General Laws; provided, that the treasurer shall certify to the comptroller a schedule of the distribution of such costs among the various funds of the commonwealth; provided further, that the comptroller shall charge such costs to such funds in accordance with such schedule; provided further, that notwithstanding the provisions of any general or special law to the contrary, the state treasurer is hereby authorized to make payments pursuant to the provisions of section 38C of said chapter 29 from this item for the bonds, notes, or other obligations authorized to be paid from this item; and provided further, that any deficit in this item at the close of the fiscal year ending June 30, 2007, shall be charged to the various funds or to the General Fund or Highway Fund debt service reserves 20,950,000
 
 Grant Anticipation Notes Debt Service  
   0699-9101   For the purpose of depositing with the trustee under the trust agreement authorized in section 10B of chapter 11 of the acts of 1997, as amended, an amount to be used to pay the interest due on notes of the commonwealth issued pursuant to section 9 of said chapter 11, as amended, and secured by the Federal Highway Grant Anticipation Note Trust Fund 67,340,000
 
 Massachusetts Development Finance Agency Debt Service Assistance  
   0699-9200   For certain debt service contract assistance to the Massachusetts development finance agency in accordance with chapter 23G of the General Laws 13,281,000
 
Trust and Other Spending 2,010,447,351
 
   0610-0093   A Hero's Welcome Trust Fund 25,000
 
   0610-0950   School Building Assistance 557,700,000
 
   0610-3765   Victims Of Drunk Driving 200,000
 
   0610-7245   MBTA Red Line Renovation Assistance 10,000,000
 
   0611-5012   Special Election Payments 50,000
 
   0612-0000   State Retirement Board Administration 3,170,734
 
   0612-1020   State Retirement Board Pension Fund 448,032,308
 
   0612-1025   Pension Liability 525,000,000
 
   0612-1600   State Employees Annuities Fund Balance 213,247,900
 
   0612-2000   Miscellaneous Retirement Benefits 11,631,700
 
   0650-1700   Abandoned Property 191,620,709
 
   0699-8101   Discount on Sale of Bonds - Government Land Bank Fund 69,000
 
   0699-8197   Debt Service Expenses 49,000,000
 
   0699-8200   Maturing of Certain Serial Bonds 700,000