20.005 Note
NOTE: Pursuant to s. 20.004, the schedule and summaries contained in s. 20.005 are compiled by the Department of Administration for approval by the Joint Committee on Finance at the end of each biennial session of the legislature. The final 2021-2023 schedule and summaries, as approved by the Joint Committee on Finance, are published here.
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See PDF for table 
GENERAL FUND SUMMARY
2021-22 2022-23
Opening Balance, July 1 $ 2,581,053,000 $ 2,828,524,000
Revenues
Taxes 18,927,695,800 20,872,749,400
Departmental Revenues
Tribal Gaming Revenues 0 21,729,300
Other 481,661,900
486,219,400
Total Available $ 21,990,410,700 $ 24,209,222,100
Appropriations, Transfers, and Reserves
Gross Appropriations $ 19,284,768,700 $ 19,731,372,000
MA Biennial Adjustment -360,000,000 360,000,000
Transfers to:
Transportation Fund 178,869,600 97,289,300
Building Trust Fund 15,000,000 0
MA Trust Fund 174,665,900 527,783,700
UI Trust Fund 60,000,000 60,000,000
Compensation Reserves 41,929,200 105,951,600
Less Lapses -233,346,700
-553,041,400
Net Appropriations $ 19,161,886,700 $
20,329,355,200
Balance
Gross Balance $ 2,828,524,000 $ 3,879,866,900
Less Required Statutory Balance -90,000,000 -95,000,000
Net Balance $ 2,738,524,000 $ 3,784,866,900
SUMMARY OF APPROPRIATIONS — ALL FUNDS
2021-22 2022-23
General Purpose Revenue $ 19,284,768,700 $ 19,731,372,000
Federal Revenue $ 12,905,013,700 $ 12,704,641,400
Program (11,943,494,500) (11,727,336,200)
Segregated (961,519,200) (977,305,200)
Program Revenue $ 6,837,622,300 $ 6,850,180,200
State (5,858,329,700) (5,891,327,600)
Service (979,292,600) (958,852,600)
Segregated Revenue $ 4,417,989,200 $ 4,547,174,500
State (4,185,899,000) (4,317,084,300)
Local (115,325,600) (115,325,600)
Service (116,764,600)
(114,764,600)
GRAND TOTAL $ 43,445,393,900 $ 43,833,368,100
SUMMARY OF COMPENSATION RESERVES — ALL FUNDS
2021-22 2022-23
General Purpose Revenue $ 41,929,200 $ 105,951,600
Federal Revenue 6,627,800 16,346,500
Program Revenue 11,024,200 27,189,100
Segregated Revenue 6,704,600
16,535,500
TOTAL $ 66,285,800 $ 166,022,700
LOTTERY FUND SUMMARY
2021-22 2022-23
Opening Balance and Reserve $ 80,466,600 $ 16,625,900
Gross Revenue
Ticket Sales $ 831,011,700 $ 831,011,700
Miscellaneous Revenue 283,400
283,400
Total Gross Revenue $ 831,295,100 $ 831,295,100
Expenses - SEG
Prizes $ 520,332,100 $ 520,332,100
Administrative Expenses 30,492,100 29,038,100
Total SEG Expenses $ 550,824,200 $ 549,370,200
Expenses - GPR
Administrative Expenses $ 72,875,000 $ 72,875,000
Net SEG Proceeds $ 280,470,900 $ 281,924,900
Total Available for Property Tax Relief
Opening Balance $ 80,466,600 $ 16,625,900
Net SEG Proceeds 280,470,900 281,924,900
Interest Earnings 60,400 18,600
Gaming-Related Revenue 0
0
Total Available for Tax Relief $ 360,997,900 $ 298,569,400
Property Tax Relief $ 344,371,900 $ 281,943,500
Gross Closing Balance $ 16,625,900 $ 16,625,900
Reserve $ 16,625,900 $ 16,625,900
Net Balance $ 0 $ 0
20.005(2)
(2)
State borrowing program summary. The following schedule sets forth the state borrowing program summary: [See Figures 20.005 (2) (a) and (b) following]
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See PDF for table
SUMMARY OF BONDING AUTHORITY MODIFICATIONS
2021-23 BIENNIUM
Agency and Purpose Amount
GENERAL OBLIGATIONS
Administration
Energy conservation projects $ 25,000,000
