May 18, 2016
The Honorable Karen Spilka, Chairwoman, Senate Ways and Means Committee
The Honorable Brian S. Dempsey, Chairman, House Ways and Means Committee
The Honorable James T. Welch, Senate Co-Chair of the Joint Committee on Health Care Financing
The Honorable Jeffrey Sánchez, House Co-Chair of the Joint Committee on Health Care Financing
The Honorable Jason Lewis, Senate Co-Chair of the Joint Committee on Public Health
The Honorable Kate Hogan, House Co-Chair of the Joint Committee on Public Health
Catharine Hornby, Assistant Secretary for Budget and Finance, Administration and Finance
Re: Tobacco Funds
In accordance with the requirement in Section 3(c) of Chapter 29D of the Massachusetts General Laws, I hereby certify the receipt of a deposit of Massachusetts’ share pursuant to the master settlement agreement (MSA) resulting from the action known as Commonwealth of Massachusetts v. Phillip Morris, Inc. This amount is Massachusetts’ share of the funds withheld in connection with the 2005 non-participating manufacturers.
On April 18, 2016, an annual payment of $257,615,297.87 was received and confirmed by Treasury.
I have also enclosed a spreadsheet showing the base payments projected in the MSA, actual payments received, as well as projected and actual payments to the law firms that represented the Commonwealth in the case.
Total receipts for the fiscal year are as follows:
|Total Received For FY16 to date||$ 257,615,297.87|
Thomas G. Shack III
Comptroller of the Commonwealth
Nicola Favorito, Chair, State Retiree Benefits Trust
Kathryn Kendall, Budget Director, House Committee on Ways and Means
Adriana Campos, Budget Director, Senate Committee on Ways and Means