May 5, 2014
The Honorable Stephen M. Brewer, Chairman, 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 Jennifer Benson, House Co-Chair of the Joint Committee on Health Care Financing
The Honorable John F. Keenan, Senate Co-Chair of the Joint Committee on Public Health
The Honorable Jeffrey Sánchez, House Co-Chair of the Joint Committee on Public Health
Emme Schultz, 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 16, 2014, an annual payment of $271,707,077.08 was received and confirmed by Treasury. On April 17, 2014, a payment was received for $10,135,195.76 and on April 28th, an additional $209,739.85 was received.
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 FY14 to date
Martin J. Benison
Chair, Health Care Security Trust
Ashley Groffenberger, Budget Director, House Committee on Ways and Means
Douglas Howgate, Budget Director, Senate Committee on Ways and Means