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The General Fund is the state’s main operating fund. It holds approximately 85 percent of total tax revenues and the majority of expenditures are transacted from this fund. This chart compares the actual General Fund balance, which includes the Short Term Investment Pool (STIP) line of credit provided by Treasury, to what the General Fund would be if the STIP had not been provided.

All information based on processed Treasury Department transactions.

Date STIP Amount Borrowed
08/17/2016 $400 million
09/13/2016 $1.2 billion
11/15/2016 $600 million
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This chart tracks the General Fund balance since the beginning of fiscal year 2014/15. It compares the actual General Fund balance, including the Short Term Investment Pool (STIP) line of credit provided by Treasury, to what the General Fund would be if STIP had not been provided.

All information based on processed Treasury Department transactions.

Date STIP Amount Borrowed
09/15/2014 $700 million
11/13/2014 $750 million
12/19/2014 $50 million
01/07/2016 $1 billion
08/17/2016 $400 million
1/16/2016 Budget impasse payments
09/13/2016 $1.2 billion
11/15/2016 $600 million

This chart compares actual monthly General Fund revenues and expenditures since the beginning of fiscal year 2014/15.

All information based on processed Treasury Department transactions.

Date Notable Revenue and Expenditure Descriptions
7/15/2014 Department of Human Services payments
3/17/2015 Tax receipts from the Department of Revenue
3/25/2015 STIP repayment
6/1/2015 Annual Department of Education payments to local school districts
7/15/2015 Department of Human Services payments
1/16/2016 Budget impasse payments
3/15/2016 Tax receipts from the Department of Revenue
6/1/2016 Annual Department of Education payments to local school districts
7/15/2016 Department of Human Services payments

This chart compares the total annual revenues and expenditures for the General Fund by fiscal year. These totals reflect non-budgeted payments, state legally mandated payments, and federal funds deposited with the Commonwealth to make federally mandated payments.

All information based on processed Treasury Department transactions.

Fiscal Year Revenues Expenses Surplus/Deficit
2014 $59,863,002,914 $59,331,751,933 531 mil
2015 $63,159,892,357 $63,758,322,307 (598) mil
2016 $50,293,703,245 $49,977,212,581 (316) mil