CTHRU Stabilization "Rainy Day" Fund

The Commonwealth Stabilization (“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 FY2023 Stabilization Fund balance includes FY2023 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 MGM Springfield and Encore Boston Harbor casinos. There have been no outflows from the Stabilization Fund in FY2023. The FY2022 preliminary ending Stabilization Fund balance of $6.942 billion will be finalized when the Office of the Comptroller issues the FY2022 Statutory Basis Financial Report.
Fiscal Year-End and Current Stabilization Fund Balances (In $ Millions)
(FY2023 Balance is as of August 22, 2022)
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.