The bill presents a report on the actual revenue collections for the third quarter of Fiscal Year 2025, as required by Sections 1A and 1B of Chapter 140 of the Acts of 2024. It addresses a discrepancy identified by the Office of the Comptroller (CTR) between the revenue figures in the General Appropriations Act and requests a legislative correction to be included in a supplemental appropriation bill before the fiscal year ends. The report provides a comprehensive overview of revenue collections, utilizing totals from Section 1B, and details various revenue sources, including tax and non-tax revenues, with total tax revenue reported at $33,170,900 and total non-tax revenue at $24,876,900, culminating in a grand total of $58,047,800 for the fiscal year.

Additionally, the bill outlines funding allocations and revenue estimates for various departments and educational institutions, including a notable allocation of 541 for Westfield State College, contributing to a total education budget of 501,345, which reflects a 58.6% increase. The Center for Health Information & Analysis is set to receive 38,639, marking a 79.1% increase in its budget, while the total budget for Public Safety and Security is projected at 446,912, also a 79.1% increase. In the Economic Development sector, new funding for the Division of Telecommunications and Cable is introduced with an allocation of 5,344, contributing to a total economic development budget of 282,210, a 64.2% increase. The Labor and Workforce Development section sees new funding of 25,087, reflecting a 50.0% increase, indicating a significant financial commitment to state initiatives and services.