Comptroller Fiscal Year Memo Letter Head

November 4, 2011
 

Secretary Jay Gonzalez
Executive Office of Administration and Finance

The Honorable Stephen M. Brewer, Chairman
Senate Committee on Ways and Means

The Honorable Brian S. Dempsey, Chairman
House Committee on Ways and Means

Dear Secretary Gonzalez, Chairman Brewer and Chairman Dempsey:

On November 3, 2011, the Attorney General and Department of Revenue jointly certified to the State Comptroller that for the four month period ending October 31, 2011, individual tax-related settlements and judgments exceeding $10 million totaled $81,373,658. Therefore, pursuant to section 2H of Chapter 29 of the Massachusetts General Laws, as most recently amended by section 37 of Chapter 68 of the Acts of 2011, I hereby inform you that I will be transferring $10,026,502 to the Commonwealth Stabilization Fund. This is in addition to the $71,347,156 that was transferred in October 2011 to the Stabilization Fund as a result of individual tax-related settlements and judgments exceeding $10 million for the three month period ending September 30, 2011.

If you have any questions regarding this letter, please feel free to contact me at (617) 973-2315 or Howard Merkowitz, Deputy Comptroller, at (617) 973-2602.

Respectfully transmitted,

Martin J. Benison
Comptroller

Cc:          
Amy Pitter, Commissioner, Department of Revenue
Judy Zeprun Kalman, Deputy Attorney General
Matthew Gorzkowicz, Undersecretary, ANF
Samuel Goldhar, Budget Director, House Ways and Means
Douglas Howgate, Budget Director, Senate Ways and Means
James MacDonald, Deputy Treasurer
Kazim Ozyurt, Acting Director, Office of Tax Policy Analysis, Department of Revenue