CTHRU Stabilization "Rainy Day" 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 FY2020 Stabilization Fund balance includes FY2020 revenue from interest earned by the Stabilization Fund, 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. There have been no outflows from the Stabilization Fund in FY2020. The FY2019 Stabilization Fund ending balance now includes the transfer of $592.7 million in surplus balances made on January 6, 2020 in conjunction with the issuance of the Comptroller's FY2019 Statutory Basis Financial Report (SBFR).
Fiscal Year-End and Current Stabilization Fund Balances (In $ Millions)
(FY2020 Balance is as of February 10, 2020)
Stabilization Chart Inflows and Outflows (in $ Millions)