 ROBERT A. DELEO
House Ways & Means Chairman
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Section 1A
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SECTION 1A. In accordance with Articles LXIII and CVII of the Articles of Amendment to the Constitution of the Commonwealth and section 6D of chapter 29 of the General Laws, it is hereby declared that the amounts of revenue set forth in this section by source for the respective funds of the commonwealth for the fiscal year ending June 30, 2008, are necessary and sufficient to provide the means to defray the appropriations and expenditures from such funds for that fiscal year as set forth and authorized in section 2. The comptroller shall keep a distinct account of actual receipts from each such source by each such fund, furnish the executive office for administration and finance and the house and senate committees on ways and means with quarterly statements comparing such receipts with the projected receipts set forth in this section, and include a full statement comparing such actual and projected receipts in the annual report for that fiscal year pursuant to section 12 of chapter 7A of the General Laws. These quarterly and annual reports shall also include detailed statements of any other sources of revenue for the budgeted funds in addition to those specified in this section.
Fiscal Year 2008 Revenue by Source and Budgeted Fund (in Millions) |
Source |
All Budgeted Funds* |
General Fund |
Highway Fund |
SMART |
MBTA |
Tax Revenue |
Alcohol. Bev. |
72.0 |
72.0 |
0.0 |
0.0 |
0.0 |
Cigarettes |
426.3 |
426.3 |
0.0 |
0.0 |
0.0 |
Corporations |
1,518.5 |
1,518.5 |
0.0 |
0.0 |
0.0 |
Deeds |
177.0 |
177.0 |
0.0 |
0.0 |
0.0 |
Estate Inher. |
225.0 |
225.0 |
0.0 |
0.0 |
0.0 |
Financial Institutions |
254.4 |
254.4 |
0.0 |
0.0 |
0.0 |
Income |
11,604.6 |
11,604.6 |
0.0 |
0.0 |
0.0 |
Insurance |
439.9 |
439.9 |
0.0 |
0.0 |
0.0 |
Motor Fuels |
673.8 |
96.7 |
576.1 |
0.0 |
0.0 |
Public Utils. |
132.8 |
132.8 |
0.0 |
0.0 |
0.0 |
Room Occupancy |
114.2 |
74.2 |
0.0 |
0.0 |
0.0 |
Sales-Regular |
3,035.7 |
1,857.7 |
0.0 |
537.7 |
640.4 |
Sales-Meals |
631.8 |
631.8 |
0.0 |
0.0 |
0.0 |
Sales-Mot.Veh. |
547.9 |
335.3 |
0.0 |
97.0 |
115.6 |
Miscellaneous |
3.7 |
3.7 |
0.0 |
0.0 |
0.0 |
UI Surcharges |
21.5 |
0.0 |
0.0 |
0.0 |
0.0 |
Total Taxes |
19,879.0 |
17,849.8 |
576.1 |
634.7 |
756.0 |
SBAB Transfer |
(634.7) |
0.0 |
0.0 |
(634.7) |
0.0 |
MBTA Transfer |
(756.0) |
0.0 |
0.0 |
0.0 |
(756.0) |
Pension Transfer |
(1,398.6) |
(1,398.6) |
0.0 |
0.0 |
0.0 |
Total Taxes For Budget |
17,089.7 |
16,451.2 |
576.1 |
0.0 |
0.0 |
Non-Tax Revenue |
Federal Reimbursements |
6,263.5 |
6,256.6 |
2.1 |
0.0 |
0.0 |
Departmental Revenues |
2,413.0 |
1,900.2 |
417.1 |
0.0 |
0.0 |
Consolidated Transfers |
815.8 |
1,041.1 |
(0.4) |
0.0 |
0.0 |
GRAND TOTAL |
26,582.0 |
25,649.1 |
994.9 |
0.0 |
0.0 |
* Includes revenue deposited into the Workforce Training Fund, Mass Tourism Fund, Inland Fish and Game Fund, and Stabilization Fund. |
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