The Commonwealth Stabilization Fund (or "rainy day" fund) accounts for amounts calculated in accordance with State Finance Law (Chapter 29, Section 5C of the General Laws) and maintains a reserve to enhance the Commonwealth's fiscal stability. The balance of $1.261 billion as of June 30, 2016 includes interest earned by the Stabilization Fund in FY16 and deposits of income tax withholding on certain transfers of Lottery prizes, which are required to be retained and deposited in the Stabilization Fund. There were no FY16 Stabilization Fund outflows through June 30, 2016.

Commonwealth Stabilization Fund Balances: June 30, 2016

 
Fiscal Year 2016 Activity Amount
($ millions)
   
FY16 Beginning Balance 1,252.4
   
Inflows  
FY16 Year-to-Date Interest Earnings 7.6
FY16 Year-to-Date Withholding Tax on Certain Lottery Prize Transfers0.7
   
Total FY2015 Inflows 8.3
   
Outflows  
No FY16 Outflows  0.0
   
Total FY2016 Outflows 0.0
   
FY2016 Net Inflows 8.3
   
Current Stabilization Fund Balance 1,260.7