CTHRU Stabilization "Rainy Day" Fund

The Commonwealth Stabilization Fund (or "rainy day" fund) accounts for amounts calculated in accordance with state finance law and maintains a reserve to enhance the Commonwealth's fiscal stability. The FY2021 Stabilization Fund balance includes FY2021 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 or FY2021. Please note that the FY2020 ending balance (and the FY2021 beginning balance) is preliminary and depends on the closing of the FY2020 fiscal year, which will be certified in the Commonwealth's FY2020 Statutory Basis Financial Report (SBFR).
Fiscal Year-End and Current Stabilization Fund Balances (In $ Millions)
(FY2021 Balance is as of August 15, 2020)
Stabilization Chart Inflows and Outflows (in $ Millions)
William McNamara, Comptroller of the Commonwealth of Massachusetts
We oversee the Commonwealth’s financial systems, promoting integrity, mitigating risk, and providing accurate reporting and promoting transparency to illustrate the financial health of Massachusetts.