This is not the official budget document.

Budget Summary FY2018

Outside Section 107
Data Current as of:  7/20/2017




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FY 2017 Consolidated Net Surplus

SECTION 107.   Notwithstanding any general or special law to the contrary, before transferring the consolidated net surplus in the budgetary funds to the Commonwealth Stabilization Fund pursuant to section 5C of chapter 29 of the General Laws, the comptroller shall dispose of the consolidated net surplus in the budgetary funds for fiscal year 2017 as follows: (i) transfer 1/2 of the surplus, not to exceed $10,000,000, to the Massachusetts Community Preservation Trust Fund established in section 9 of chapter 44B of the General Laws; and (ii) transfer 1/2 of the surplus, not to exceed $10,000,000, to the Massachusetts Life Sciences Investment Fund established in section 6 of chapter 23I of the General Laws.