A preliminary report from the massachusetts state comptroller's office shows that the state ended fiscal 1993 with an overall fund balance of $498 million. Because Massachusetts ended the fiscal year on June 30 with a positive balance, it has been able to reestablish a reserve, or rainy-day fund, the report says. The report was submitted to the state House and Senate ways and means committees and the Executive Office of Administration and Finance.

State Comptroller William Kilmartin said that while there are still concerns about the financial standing of some individual fund balances, the overall financial shape of the state has improved in the last few years.

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