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Treasurer

Treasurer and Receiver-General

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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 
State Lottery Commission 996,867  996,867  1,075,782 
Massachusetts Cultural Council 7,244  942  8,186  7,244 

TOTAL       3,351,864  2,011,390    5,363,254  1,381,225 
 
Office of the Treasurer and Receiver-General 4,358,200,300
 
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

 

 
State Lottery Commission 996,867,346
 
Budgetary Direct Appropriations 996,867,346
Direct Appropriations  
 
 State Lottery Commission  
   0640-0000   For the operation of the state lottery commission and arts lottery; provided, that a sum equal to 25 per cent of the amount appropriated herein shall be transferred each quarter from the State Lottery Fund to the General Fund 69,472,085
 
 State Lottery Commission - Keno  
   0640-0005   For the costs associated with the continued implementation of the game of keno, so-called; provided, that a sum equal to 25 per cent of the amount appropriated herein shall be transferred each quarter from the State Lottery Fund to the General Fund 1,258,014
 
 Revenue Maximization  
   0640-0010   For promotional activities associated with the state lottery program; provided, that a sum equal to 25 per cent of the amount appropriated herein shall be transferred each quarter from the State Lottery Fund to the General Fund 2,000,000
 
 Lottery Anti-Litter Program  
   0640-0013   For the lottery anti-litter program 100,000
 
 State Lottery Commission - Health and Welfare Benefits  
   0640-0096   For the purpose of the commonwealth's fiscal year 2007 contributions to the health and welfare fund established pursuant to the collective bargaining agreement between the lottery commission and the Service Employees International Union, Local 254, AFL-CIO; provided, that said contributions shall be paid to said fund on such basis as said collective bargaining agreement provides; and provided further, that a sum equal to 25 per cent of the amount appropriated herein shall be transferred each quarter from the State Lottery Fund to the General Fund 355,945
 
Retained Revenues 
 
 Lottery Ticket Corporate Advertising Retained Revenue  
   0640-0001   The state lottery commission is hereby authorized to expend for commission operations an amount not to exceed $3,653,019 from revenues collected from corporate advertising for non-lottery products on all lottery products 3,653,019

 

 
Massachusetts Cultural Council 8,185,982
 
Budgetary Direct Appropriations 7,243,520
Direct Appropriations  
 
 Massachusetts Cultural Council Grants  
   0640-0300   For the operation of the Massachusetts cultural council, including grants to or contracts with public and non-public entities; provided, that notwithstanding the provisions of any general or special law to the contrary, the council may expend the amount appropriated herein for the purposes of the council as provided in sections 52 to 58, inclusive, of chapter 10 of the General Laws in such amounts and at such times as the council may determine pursuant to section 54 of said chapter 10; provided further, that an amount equal to 25 per cent of this appropriation shall be transferred quarterly from the Arts Lottery Fund to the General Fund; provided further, that any funds expended from this item for the benefit of school children shall be expended under uniform terms and conditions for all Massachusetts school children; and provided further, that persons employed under this item shall be considered employees within the meaning of section 1 of chapter 150E of the General Laws and shall be placed in the appropriate bargaining units 6,000,000
 
 Cultural Resources Act  
   0640-0350   For the promotion of cultural resources in education pursuant to section 36 of chapter 69 of the General Laws, including grants to or contracts with public and non-public entities 743,520
 
 John and Abigail Adams Arts Program  
   0640-0351   For the John and Abigail Adams arts program; provided, that 25 per cent of the amount appropriated herein shall be transferred quarterly from the State Lottery Fund to the General Fund 500,000
 
Federal Grant Spending 702,000
 
 Folk and Traditional Arts Initiatives  
   0640-9716   For the purposes of a federally funded grant entitled, Folk and Traditional Arts Initiatives 25,000
 
 Basic State Grant  
   0640-9717   For the purposes of a federally funded grant entitled, Basic State Grant 379,500
 
 Artists in Education  
   0640-9718   For the purposes of a federally funded grant entitled, Artists in Education 66,500
 
 Youth Reach State and Regional Programs  
   0640-9724   For the purposes of a federally funded grant entitled, Youth Reach State and Regional Programs 110,000
 
 Challenge America  
   0640-9729   For the purposes of a federally funded grant entitled, Challenge America 121,000
 
Trust and Other Spending 240,462
 
   0640-6501   Massachusetts Cultural Council General Trust 1,000
 
   0640-9725   Commonwealth Awards 10,000
 
   0640-9728   Lila Wallace Reader's Digest Trust 229,462