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 FY2024 Stabilization Fund balance includes FY2024 interest earned by the Stabilization Fund, excess capital gains taxes above the annual threshold, 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 FY2024. The FY23 preliminary ending Stabilization Fund balance of $8.061 billion will be finalized when the Comptroller's Office issues the FY23 Statutory Basis Financial Report (SBFR).