August 1, 2012
Jay Gonzalez, Secretary for Administration and Finance
Commonwealth of Massachusetts
State House, Room 373
Boston, MA 02133
Chairman Brian S. Dempsey
House Ways and Means Committee
State House, Room 243
Boston, MA 02133
Chairman Stephen M. Brewer
Senate Ways and Means Committee
State House, Room 212
Boston, MA 02133
Re: Temporary Holding Fund Transfer
Dear Secretary Gonzalez, Chairman Dempsey, and Chairman Brewer:
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 2012. The balance in the Temporary Holding Fund is $0; therefore, no transfer will be made to the Temporary Holding Fund as of June 30, 2012.
Should you have any questions, please feel free to contact me.
Sincerely,
Martin J. Benison
Comptroller
cc:
Michael Esmond, Budget Director
Amy Pitter, Commissioner of Revenue
James MacDonald, First Deputy Treasurer
Howard Merkowitz, Deputy Comptroller