On June 14, 2021, the Baker-Polito Administration released its Capital Investment Plan, providing for the Commonwealth’s capital needs in Fiscal Year 2022. Learn more by visiting the Capital Budget FY22 page.
The Stabilization Fund page of the Comptroller’s Office CTHRU transparency website has been updated to reflect the recent transfer of $852 million in capital gains tax revenues to the Fund. The Stabilization Fund balance is currently $4.381 billion, with $880 million having been added in FY21. There is likely to be an additional transfer after DOR's final FY21 transfer certification in July.
Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder announced that preliminary revenue collections for May totaled $4.002 billion, which is $2.264 billion or 130.3% more than the actual collections in May 2020, and $2.109 billion or 111.4% more than benchmark.
Find the full revenue numbers on the Department of Revenue's website.
Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder announced that preliminary revenue collections for April totaled $3.865 billion, which is $1.885 billion (95.1%) more than the actual collections in April 2020, and $385 million (11.1%) more than benchmark. Find the full revenue numbers on the Department of Revenue's website.
The Commonwealth is selling $600 million in general obligations competitively on May 4th at 11AM. The POS can be found here.
The Massachusetts Clean Water Trust has successfully sold roughly $351.4 million in two series of new money Green Bonds and Sustainability Bonds.
The Trust would like to thank its banking team led by Morgan Stanley and the Massachusetts Treasury for its hard work and dedication on a successful sale. This was the 6th (sixth) Green Bond sale for the Trust but the first Sustainability Bond sale for both the Commonwealth and any State Revolving Fund (SRF) in the country!
The Commonwealth Investor Conference Call is on April 28th at 1:30 pm EST.
The slide deck for the call can be found here.
The Commonwealth has issued a Request for Responses (“RFR”) from qualified banks and other institutions interested in providing senior underwriting services for the Commonwealth's Unemployment Insurance Trust Fund Financing (UTF). The RFR can be found here