Comptroller Fiscal Year Memo Letter Head

April 28, 2009

The Honorable Stephen Panagiotakos, Chairman, Senate Ways and Means Committee
The Honorable Charles A. Murphy, Chairman, House Ways and Means Committee
The Honorable Richard Moore, Senate Co-Chair of the Joint Committee on Health Care Financing
The Honorable Harriet Stanley, House Co-Chair of the Joint Committee on Health Care Financing
The Honorable Susan C. Fargo, Senate Co-Chair of the Joint Committee on Public Health
The Honorable Jeffrey Sánchez, House Co-Chair of the Joint Committee on Public Health
Matthew Gorzkowicz, Assistant Secretary, Administration and Finance
Advisory Committee on Health Care and Tobacco Control

Re: Tobacco Funds
In accordance with the requirement in Section 3 c. of Chapter 29D of the Massachusetts General Laws, I hereby certify the receipt of a deposit of Massachusetts’ share pursuant to the master settlement agreement (MSA) resulting from the action known as Commonwealth of Massachusetts v. Phillip Morris, Inc.  This amount is Massachusetts’ share of the funds withheld in connection with the 2005 non-participating manufacturers.

On April 15, 2009, an annual payment of $291,037,760 was received and confirmed by Treasury.  On April 17, 2009, an additional $2,278,707 was received.  In accordance with section 61 of Chapter 61 of the Acts of 2007, 100% of the receipts are being transferred to the General Fund.  I have also enclosed a spreadsheet showing the base payments projected in the MSA, actual payments received, as well as projected and actual payments to the law firms that represented the Commonwealth in the case.

Total receipts for the fiscal year are as follows: 

 

DateAmount
February 26, 2009
April 15, 2009
April 17, 2009
$   21,836,647.17
291,037,760.05
        2,278,707.28
Total Received for FY09 to date$  315,153,114.50

 

Sincerely,

Martin J. Benison
Comptroller

Enc. Base Amounts from the Master Settlement Agreement; xls format of    tsc_exp_pmt_fy09.xls
MB/elh
Cc: Trustees, Health Care Security Trust
     David Sweeney, House Ways and Means
     Jessica Crotty, Senate Ways and Means