The Commonwealth Stabilization Fund accounts for amounts calculated in accordance with State Finance Law (Chapter 29, Section 5C of the General Laws) and maintains a reserve to enhance the Commonwealth's fiscal stability. The balance of $1.129 billion as of August 31, 2015 includes the FY2015 inflows and outflows shown in the table below. Inflows include FY2015 interest earnings and withholding tax on Lottery winnings taken as lump sum payments, as well as a $20 million reimbursement from casino licensing fees for gaming startup costs previously paid from the Stabilization Fund, mandated by Chapter 194 of the Acts of 2011. Outflows include a transfer of $140 million to the General Fund authorized by Section 259 of Chapter 165 of the Acts of 2014 (the FY2015 General Appropriation Act) and transfer of FY2015 interest earnings to the General Fund, which is also authorized in the FY2015 General Appropriation Act. Final FY15 Stabilization Fund Balances will be reported in the Commonwealth's Statutory Basis Financial Report (SBFR), due by October 31, 2015. There was no FY16 Stabilization Fund activity through August 31, 2015.

Fiscal Year 2016 Activity Amount
($ millions)
FY16 Beginning Balance 1,252.4
FY16 Year-to-Date Interest Earnings 2.1
FY16 Year-to-Date Withholding Tax on Lottery Winnings Taken as Lump Sum Payments0.2
Total FY2015 Inflows 2.2
No FY16 Outflows  0.0
Total FY2016 Outflows 0.0
FY2016 Net Outflows 2.2
Current Stabilization Fund Balance 1,254.7