CTHRU Stabilization "Rainy Day" Fund
Commonwealth Stabilization Fund
The Commonwealth Stabilization Fund (or "rainy day" 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 FY19 Stabilization Fund balance includes interest earned by the Stabilization Fund in FY19, income tax withholding on certain transfers of Lottery prizes, and 10% of the tax on the gaming profits generated by the Springfield and Everett casinos. The only transfers from the Stabilization Fund have been the 10% of the above-threshhold capital gains tax revenue transferred to the state pension and OPEB funds, as required by statute.
Fiscal Year-End and Current Stabilization Fund Balances (in $ Millions)
(FY2019 Balance is as of July 18, 2019)
Stabilization Chart Inflows and Outflows (in $ Millions)