About
The Commonwealth Stabilization (“Rainy Day’) Fund serves as a reserve account to enhance the Commonwealth’s fiscal stability. In accordance with section 12 of chapter 7A of the Massachusetts General Laws, the Office of the Comptroller is required to report the balance of the “Rainy Day” Fund by June 30 for the immediately preceding fiscal year. This report is also posted monthly for the public on the Office of the Comptroller’s CTHRU Commonwealth Stabilization (“Rainy Day”) Fund module.
he Commonwealth Stabilization 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 MGM Springfield and Encore Boston Harbor casinos. There have been no outflows from the Stabilization Fund in FY2024.
The “Rainy Day” Fund had a balance of $8.831 billion as of August 9, 2024.
