Comptroller Fiscal Year Memo Letter Head

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

 

Attachment A

cc:   Michael Esmond, Budget Director

        Amy Pitter, Commissioner of Revenue

        James MacDonald, First Deputy Treasurer

        Eileen Glovsky, Deputy Treasurer

        Howard Merkowitz, Deputy Comptroller