Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2008

Governor's Budget Recommendation FY2008

Treasurer and Receiver-General


Account Description FY07
GAA
FY08
House 1
0699-9101 Grant Anticipation Notes Debt Service
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
60,995,000 53,464,000

Reduced funding to meet projected need.

 
 
HISTORICAL SPENDING CATEGORIES ($000)
SPENDING CATEGORY FY04
Expended
FY05
Expended
FY06
Expended
FY07
Projected
Spending
FY08
House 1
Debt Service 74,808 74,550 67,486 60,932 53,464
TOTAL 74,808 74,550 67,486 60,932 53,464

* FY07 Projected Spending includes the budget plus nearly $1 billion in spending from FY06 supplemental budgets.

 

Pie Chart: Debt Service=100%