Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2012

Governor's Budget Recommendation FY 2012

Commonwealth Transportation Fund Balances


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Commonwealth Transportation Fund Balances (in millions)
The Commonwealth Transportation Fund accounts for road and highway use revenues, including the gas tax, registry fees and 0.385% of the sales tax. The fund is used to pay debt service associated with highway maintenance and construction projects and provides funding for the operation of the independent Massachusetts Department of Transportation (MassDOT). Established as part of the historic transportation reforms implemented in fiscal year 2010, the fund is new for fiscal year 2011 and replaces the former Highway Fund as the principal source of transportation related revenues and expenditures for the Commonwealth.
 
FY10 FY11 FY12
Beginning Fund Balances 0.0 10.8 10.8
Taxes 653.8 966.3 1,000.8
Departmental Revenues  
   - Fees 487.2 489.1 501.1
   - Miscellaneous 27.3 0.1 0.1
   - Special Assessments 14.1 13.7 22.8
   - Reimbursement for Services 2.2 0.0 0.0
   - Rents 1.6 0.0 0.0
   - Sale of Goods 0.5 0.4 0.4
   - Licenses and Permits 0.3 0.3 0.3
   - Revenue Collections by Courts 0.2 0.2 0.2
   - Fines and Penalties 0.0 0.1 0.1
Consolidated Transfers 71.5 0.0 0.0
Total Revenues 1,258.6 1,470.3 1,525.9
Total Available 1,258.6 1,481.1 1,536.7
Debt Service 860.2 1,055.1 1,068.9
Independents 135.6 0.0 0.0
Administration & Finance 275.0 0.0 0.0
Energy & Environmental Affairs 8.5 0.0 0.0
Transportation 66.0 370.1 363.2
Public Safety 7.0 0.0 129.0
Total Expenditures 1,352.2 1,425.2 1,561.1
Transfers to Other Funds (104.4) 45.1 (24.5)
Ending Fund Balances 10.8 10.8 0.0

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