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Treasurer: Stabilization fund $8.1B, iLottery expected to bring first-year online revenue for childcare
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Summary
Treasurer Deb Goldberg told the Ways and Means committees the Stabilization Fund is about $8.1 billion, the state expects interest earnings in FY27, and iLottery online sales are projected to generate roughly $70 million net in its first year for childcare programs.
Treasurer Deb Goldberg outlined the administration’s fiscal and investment priorities and urged caution about withdrawals from reserves while describing plans to grow new revenue sources such as iLottery.
Goldberg said, "It has grown to a strong $8,100,000,000," describing the Stabilization Fund as a tool to mitigate downturns and noting projected interest earnings of roughly $252,000,000 in fiscal 2027 assuming a conservative 3% return. She said careful planning is needed before using reserves to protect the state's credit rating.
On the Massachusetts State Lottery, Goldberg reported FY25 sales of about $5.96 billion with net profits topping $1 billion and returning $1.67 billion to cities and towns. She said the lottery paid over $4.4 billion in prizes and that iLottery — a full suite of online offerings — is on track to begin generating revenues in FY27. "Based on our initial projections, Massachusetts can expect over $70,000,000 in net profit from online sales in the first year of operation," Goldberg said, adding multi‑year scaling estimates.
Goldberg also summarized PRIM performance (Pension Reserves Investment Management), noting the fund sits near $121.1 billion with multi‑year trailing returns above actuarial targets and growing allocations to managers owned by women and people of color.
Committee members asked about statutory direction for iLottery proceeds; Goldberg said the legislature designated iLottery revenues for childcare initiatives when it authorized the program. She also described expanded language tools and outreach for the unclaimed property site findmassmoney.gov and ABCC licensing outreach to support entrepreneurs.
