Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2009

Governor's Budget Recommendation FY 2009

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, 2009, are necessary and sufficient to provide the means to defray the appropriations and expenditures from such funds for that fiscal year as set forth and authorized in section 2. The comptroller shall keep a distinct account of actual receipts from each such source by each such fund, 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 include a full statement comparing such actual and projected receipts in the annual report for that fiscal year pursuant to section 12 of chapter 7A of the General Laws. These 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 2009 Revenue by Source Fund (in Millions)
Source All
Budgeted
Funds *

General
Fund

Transpor-
tation
Fund

Workforce
Training

Tourism
Inland
Fish
Game
Consensus Tax Revenue
Alcoholic Beverages 75.4 75.4 0.0 0.0 0.0 0.0
Cigarettes 439.8 439.8 0.0 0.0 0.0 0.0
Corporations 1,404.6 1,404.6 0.0 0.0 0.0 0.0
Deeds 169.4 169.4 0.0 0.0 0.0 0.0
Estate Inheritance 233.3 233.3 0.0 0.0 0.0 0.0
Financial Institutions 254.0 254.0 0.0 0.0 0.0 0.0
Income 12,739.7 12,739.7 0.0 0.0 0.0 0.0
Insurance 420.7 420.7 0.0 0.0 0.0 0.0
Motor Fuels 674.6 0.0 673.7 0.0 0.0 0.9
Public Utilities 150.0 150.0 0.0 0.0 0.0 0.0
Room Occupancy 123.2 80.1 0.0 0.0 43.1 0.0
Sales - Regular 3,098.4 3,098.4 0.0 0.0 0.0 0.0
Sales - Meals 665.1 665.1 0.0 0.0 0.0 0.0
Sales - Motor Vehicles 514.2 514.2 0.0 0.0 0.0 0.0
Miscellaneous 3.5 3.5 0.0 0.0 0.0 0.0
Unemployment Insurance Surcharges 21.0 0.0 0.0 21.0 0.0 0.0
Total Consensus Tax Revenues: 20,986.9 20,248.2 673.7 21.0 43.1 0.9
Transfer to School Modernization and Reconstruction Trust Fund for School Building Authority (702.0) (702.0) 0.0 0.0 0.0 0.0
Transfer to MBTA State and Local Contribution Fund (768.0) (768.0) 0.0 0.0 0.0 0.0
Transfer to Pension Reserves Investment Trust Fund for Pension Contribution (1,465.0) (1,465.0) 0.0 0.0 0.0 0.0
Total Consensus Tax Revenues for Budget: 18,051.9 17,313.2 673.7 21.0 43.1 0.9
 
Recommendations of the Study Commission on Corporate Taxation
Combined Reporting (Corporate) 188.0 188.0 0.0 0.0 0.0 0.0
Conform Entity Classification Rules to Federal Laws (Corporate) 101.0 101.0 0.0 0.0 0.0 0.0
Clarify Earned Income Credit 2.0 2.0 0.0 0.0 0.0 0.0
Room Occupancy Tax; Internet Resellers 5.6 5.6 0.0 0.0 0.0 0.0
Subtotal for Recommendations: 296.6 296.6 0.0 0.0 0.0 0.0
 
DOR Tax Collection Enforcement and Efficiency Efforts:
Annualized Value of Additional Auditors Hired in FY08 60.3 60.3 0.0 0.0 0.0 0.0
Wage Enforcement 30.0 30.0 0.0 0.0 0.0 0.0
Encryption of Cigarette Stamp 12.0 12.0 0.0 0.0 0.0 0.0
Reclassification of Cigar Tobacco 11.0 11.0 0.0 0.0 0.0 0.0
Elimination of Sales Tax Exemption for Aircrafts and Parts 8.8 8.8 0.0 0.0 0.0 0.0
Elimination of Sales Tax Exemption for Pesticides 3.0 3.0 0.0 0.0 0.0 0.0
License Revocation 7.0 7.0 0.0 0.0 0.0 0.0
Prepaid Sales Tax on Cigarettes 10.0 10.0 0.0 0.0 0.0 0.0
Electronic Recording of Liens 6.0 6.0 0.0 0.0 0.0 0.0
Withholding on Real Estate Sales Tax 2.0 2.0 0.0 0.0 0.0 0.0
Demand Notice Fee 4.0 4.0 0.0 0.0 0.0 0.0
Late Filing Fee Increase 12.0 12.0 0.0 0.0 0.0 0.0
Subtotal Collection Efforts: 166.1 166.1 0.0 0.0 0.0 0.0
Total of Tax Initiatives: 462.7 462.7 0.0 0.0 0.0 0.0
 
Total Taxes Available for Budget 18,514.6 17,775.9 673.7 21.0 43.1 0.9
 
Non-Tax Revenue
Federal Reimbursements 6,895.3 6,891.5 0.0 0.0 0.0 3.9
Departmental Revenues 2,577.5 2,115.0 455.7 0.0 0.0 6.8
Consolidated Transfers (73.1) 16.7 (89.0) (0.6) (0.3) 0.1
Grand Total 27,914.3 26,799.1 1,040.4 20.4 42.8 11.7
* Includes revenue deposited into the Workforce Training Fund, Mass Tourism Fund, Inland Fish and Game Fund, and Stabilization Fund.
 

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