Comptroller Fiscal Year Memo Letter Head

October 4, 2010

Jay Gonzalez, Secretary for Administration and Finance
Commonwealth of Massachusetts
State House, Room 373
Boston, MA 02133

Representative Charles A. Murphy, Chairman
House Ways and Means Committee
State House, Room 243
Boston, MA 02133

Senator Steven C. Panagiotakos, Chairman
Senate Ways and Means Committee
State House, Room 212
Boston, MA 02133

Re:  Temporary Holding Fund Transfer

Dear Secretary Gonzalez, Chairman Murphy, and Chairman Panagiotakos:

Pursuant to certification received from the Commissioner of Revenue in accordance with Massachusetts General Laws, Chapter 62F, Section 6A, the “Cumulative Net State Tax Revenues in Excess of Permissible Limit” is zero as of the fourth quarter of Fiscal Year 2010; therefore, no transfer will be made to the Temporary Holding Fund as of June 30, 2010.

Should you have any questions, please feel free to contact me.

Sincerely,

Martin J. Benison
Comptroller

Attachment A: G.L.c.62F§6A
cc: Michael Esmond, Budget Director
     Navjeet Bal, Commissioner of Revenue
     Eileen Glovsky, Deputy Treasurer
     James MacDonald, Deputy Treasurer