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Treasurer reports $8.4B stabilization balance, PRIM gains and ILottery timetables

Joint Committee on Ways and Means · December 2, 2024
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Summary

Treasurer Goldberg told the Joint Committee on Ways and Means that the stabilization (rainy day) fund stands at about $8.4 billion, PRIM has a $110.5 billion balance with strong returns, and ILottery rollout is expected in mid‑2026 if funding is approved.

Treasurer Goldberg told the Joint Committee on Ways and Means that the commonwealth’s financial assets remain substantial and that several state funds and programs are positioned to support priorities.

On the stabilization fund, the treasurer said the balance is strong and can be used strategically. “The balance in the fund is a strong $8,400,000,000,” she said, and noted recent legislation to use a…

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