January 27, 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 $0.00 for the second quarter of Fiscal Year 2012. The balance in the Temporary Holding Fund is $89,764,212; therefore, a transfer of $89,764,212 will be made to the General Fund.
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
Eileen Glovsky, Deputy Treasurer
Howard Merkowitz, Deputy Comptroller