Comptroller letterhead

                                                                                                                                                                                                                                                                                                             December 30, 2016

 

 

Honorable Karen E. Spilka, Chair
Senate Committee on Ways and Means

Honorable Brian S. Dempsey, Chair
House Committee on Ways and Means          

The Honorable Kristen Lepore, Secretary
Executive Office for Administration and Finance

The Honorable Maura Healey
Attorney General

 

Dear Mesdames and Gentleman:

As required by Chapter 29 Sec 2TT of the Mass. General Laws, the Office of the Comptroller is submitting this report on the Liability Management & Reduction Fund to the House and Senate Committees on Ways & Means, the Secretary of Administration & Finance, and the Attorney General.

This report contains the Fund’s financial statement for FY 2016 (see attachment 1) as published on page 104 in the audited Commonwealth Statutory Based Financial Report.  Revenues consist of interest income from investments, categorized as miscellaneous revenue and departmental premiums, derived from each department’s five-year average for tort payments and litigation costs from FY 2011 through FY 2015, (see attachment 2).

If you have any questions regarding this information, please contact Kathy Sheppard, Deputy Comptroller at 617.973.2666.

 

                                                                                    Sincerely,

 

                                                                                    Thomas G. Shack III, Esq.                                                                                    
                                                                                    Comptroller of the Commonwealth

TGS/sp

Enc.     Attachment 1 pdf format of Attachment 1--Non-Budgeted Special Revenue Funds 2016
            Attachment 2 xls format of Attachment 2--LMRF 2016 ITA Summary.xls

cc:        Juliana Rice, AGO Deputy Chief, Government Bureau
            Adriana Campos, Budget Director, Senate Ways and Means Committee
            Justin Sterritt, Budget Director, House Ways and Means Committee