Section 1A - Revenue by Source and Fund

SECTION 1A. In accordance with Articles LXIII and CVII of the Amendments to the Constitution and section 6D of chapter 29 of the General Laws, it is hereby declared that the amounts of revenue set forth in this section by source for the respective funds of the commonwealth for the fiscal year ending June 30, 2014 are necessary and sufficient to provide the means to defray the appropriations and expenditures from such funds for this fiscal year as set forth and authorized in sections 2, 2B and 2E. The comptroller shall keep a distinct account of actual receipts from each such source by each such fund to furnish the executive office for administration and finance and the house and senate committees on ways and means with quarterly statements comparing such receipts with the projected receipts set forth in this section and to include a full statement comparing such actual and projected receipts in the annual report for this fiscal year pursuant to section 13 of chapter 7A of the General Laws. The quarterly and annual reports shall also include detailed statements of any other sources of revenue for the budgeted funds in addition to those specified in this section.

Fiscal Year 2014 Revenue by Source Fund (in Millions)
Source All
Budgeted
Funds

General
Fund
Commonwealth
Transportation
Fund

Tourism
Fund


Other *
Fiscal 2014 Tax Estimate Inclusive of Governor Patrick's Revenue Proposal
Alcoholic Beverages 78.4 78.4 0.0 0.0 0.0
Cigarettes 443.2 443.2 0.0 0.0 0.0
Corporations 1,795.3 1,795.3 0.0 0.0 0.0
Deeds 188.1 188.1 0.0 0.0 0.0
Estate Inheritance 261.7 261.7 0.0 0.0 0.0
Financial Institutions 57.6 57.6 0.0 0.0 0.0
Income 14,217.8 14,217.8 0.0 0.0 0.0
Insurance 381.9 381.9 0.0 0.0 0.0
Motor Fuels 680.5 0.0 679.6 0.0 0.9
Public Utilities 21.9 21.9 0.0 0.0 0.0
Room Occupancy 134.1 88.1 0.0 46.0 0.0
Sales - Regular 3,396.8 3,168.8 228.0 0.0 0.0
Sales - Meals 862.3 803.3 59.0 0.0 0.0
Sales - Motor Vehicles 623.5 580.6 42.9 0.0 0.0
Miscellaneous 17.0 17.0 0.0 0.0 0.0
Unemployment Insurance Surcharges 21.6 0.0 0.0 0.0 21.6
Total Tax Revenues: 23,181.7 22,103.7 1,009.5 46.0 22.5
Annual State Contribution to the State Pension System (1,630.0) (1,630.0) 0.0 0.0 0.0
Sales Tax Dedicated to the MBTA (799.6) (799.6) 0.0 0.0 0.0
Sales Tax Dedicated to the SBA (707.8) (707.8) 0.0 0.0 0.0
Workforce Training Trust Fund Transfer (21.6) 0.0 0.0 0.0 (21.6)
Total Transfers: (3,159.0) (3,137.4) 0.0 0.0 (21.6)
Total Taxes Available for Budget 20,022.7 18,966.3 1,009.5 46.0 0.9
 
Non-Tax Revenue
Federal Reimbursements 8,611.8 8,606.3 0.0 0.0 0.0
Departmental Revenues 3,475.2 2,922.8 538.1 0.0 7.4
Consolidated Transfers 2,144.3 2,290.7 0.0 0.0 (144.6)
Non-Tax Revenue Total 14,231.3 13,819.8 538.1 0.0 (137.2)
 
Grand Total 34,254.0 32,786.1 1,547.6 46.0 (136.3)
* Includes $21.6 million for the Workforce Training Fund and $0.9 million for the Inland Fisheries and Game Fund.