FY27 SRBTF (HST) Budget

194th Legislature (2025-2026)

The bill approves a FY2027 operating budget for the SRBTF/HST of $293,000, up from $268,000, with modest increases in legal, admin, and insurance costs.

Placed on file

Summary of Bill: SD 4003, Session 194th (Massachusetts) — FY27 SRBTF (HST) Budget

Purpose and intent

This bill provides the fiscal year 2027 budget for the SRBTF (Solicitor Records Beneficiary Trust Fund) HST program. It is focused on approving and detailing the operating budget and related expenses for FY2026-27, aligning appropriations with anticipated needs for administrative and professional services, insurance, and related costs.

Key provisions and changes

Operating budget totals:

Approved FY2026: $268,000
Proposed FY2027: $293,000

Breakdown of line items (both years shown for comparison):

Operational Expenses: $3,000 (both years)
Legal Fees: $20,000 (FY2026) increasing to $25,000 (FY2027)
Administrative Services: $45,000 (FY2026) increasing to $50,000 (FY2027)
Directors & Officers/Fiduciary: $35,000 (both years)
Insurance, Actuarial Valuations, and Other: $165,000 (FY2026) increasing to $180,000 (FY2027)

Total Operating:

FY2026: $268,000
FY2027: $293,000

The bill reflects modest year-over-year increases primarily in legal fees, administrative services, and insurance-related costs.

Who/what is affected

The SRBTF program administration and operations will be funded at the specified levels for FY2027.

Stakeholders include program administrators, legal counsel, fiduciaries, and insurers/actuarial service providers who contribute to the administration and oversight of the SRBTF/HST activities.

Procedural and timeline aspects

Action history indicates the bill was placed on file on June 18, 2026, meaning it has been filed and is awaiting further legislative action, such as hearings, amendments, and potential passage before final appropriation.

The document presents a budget snapshot rather than a full policy overhaul, suggesting the primary focus is appropriation and fiscal planning for the upcoming fiscal year.

Potential impact

Increased FY2027 appropriations (from $268,000 to $293,000) signal a scaling of administrative and professional services, with specific increments in legal services (+$5,000) and insurance/actuarial costs (+$15,000).

If enacted, operations and oversight for SRBTF/HST are expected to function with updated funding to cover anticipated administrative, fiduciary, and risk-management expenses.

Note: This summary covers the explicit budgetary data provided. For a complete understanding,Review of the full bill text, accompanying fiscal justifications, and any related legislative amendments would be advisable.