Comptroller letterhead

May 1, 2017

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 M. 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 20, 2017, an annual payment of $254,490,145.94 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:

Date

Amount

4/20/17

$      254,490,145.94

Total Received for FY17 to date

$      254,490,145.94


 

Sincerely,

Thomas G. Shack III
Comptroller of the Commonwealth

Enc xls format of Tobacco Settlement Receipts—FY2017 attch
.

TGS/elh

Cc:              Nicola Favorito, Chair, State Retiree Benefits Trust

                    Justin Steritt, Budget Director, House Committee on Ways and Means

                    Adriana Campos, Budget Director, Senate Committee on Ways and Means