Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2013

Governor's Budget Recommendation FY 2013

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 replaces the former Highway Fund as the principal source of transportation related revenues and expenditures for the Commonwealth.
 
FY11 FY12 FY13
Beginning Fund Balances 10.8 31.1 96.2
Taxes 962.1 963.2 1,002.1
Departmental Revenues  
   - Fees 485.1 501.8 513.8
   - Special Assessments 13.4 13.7 13.5
   - Licenses and Permits 0.3 0.3 0.3
   - Sale of Goods 0.3 0.4 0.4
   - Revenue Collections by Courts 0.2 0.0 0.2
   - Fines and Penalties 0.0 0.1 0.1
   - Miscellaneous 0.0 0.1 0.1
Consolidated Transfers (32.9) 0.0 0.0
Total Revenues 1,428.4 1,479.7 1,530.5
Total Available 1,439.2 1,510.8 1,626.7
Debt Service 992.8 1,017.9 1,019.4
Independents 313.6 0.0 0.0
Administration & Finance 53.1 0.0 0.0
Transportation 0.0 363.9 348.2
Public Safety 0.0 0.0 139.1
Total Expenditures 1,359.5 1,381.8 1,506.7
Transfers to Other Funds 48.5 32.7 53.2
Ending Fund Balances 31.2 96.3 66.8

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