Stabilization Fund FY12 Q1 Settlements and Judgments Transfer

Comptroller Fiscal Year Memo Letter Head

October 5, 2011

Secretary Jay Gonzalez
Executive Office of Administration and Finance

The Honorable Stephen M. Brewer, Chairman
Senate Committee on Ways and Means

The Honorable Brian S. Dempsey, Chairman
House Committee on Ways and Means

Dear Secretary Gonzalez, Chairman Brewer and Chairman Dempsey:

On October 4, 2011, the Attorney General and Department of Revenue jointly certified to the State Comptroller that for the three month period ending September 30, 2011, individual tax related settlements and judgments exceeding $10 million totaled $71,347,156. Therefore, pursuant to section 2H of Chapter 29 of the Massachusetts General Laws, as most recently amended by section 37 of Chapter 68 of the Acts of 2011, I hereby inform you that I will be transferring $71,347,156 to the Commonwealth Stabilization Fund.

If you have any questions regarding this letter, please feel free to contact me at (617) 973-2315 or Howard Merkowitz, Deputy Comptroller, at (617) 973-2602.

Respectfully transmitted,

Martin J. Benison

Cc:     Amy Pitter, Commissioner, Department of Revenue
          Judy Zeprun Kalman, Deputy Attorney General
          Matthew Gorzkowicz, Undersecretary, ANF
          Jeita Phillips, Budget Director, House Ways and Means
          Douglas Howgate, Budget Director, Senate Ways and Means.
          James MacDonald, Deputy Treasurer
          Kazim Ozyurt, Acting Director, Office of Tax Policy Analysis, Department of Revenue


© Comptroller of the Commonwealth of Massachusetts.