Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder today announced that preliminary revenue collections for July totaled $2.367 billion, $101 million or 4.5% more than the actual collections in July 2021. July 2022 revenue collections were impacted by the recently enacted elective pass-through entity (PTE) excise.
Find the full revenue numbers on the Department of Revenue's website.
The Massachusetts House of Representatives (the “House”) introduced legislation earlier this week that proposes allocating $300 million to the Unemployment Insurance Trust Fund. As of this date, the House has not yet acted on this proposed legislation. This legislation must be agreed to by both the House and the Senate by the end of the Legislature’s session on July 31, 2022, and subsequently signed into law by the Governor. Passage of this legislation may affect the size and structure of the bonds.
The Commonwealth of Massachusetts (the “Commonwealth”) anticipates selling approximately $2.7 billion* of Special Obligation Revenue Bonds (Unemployment Insurance Trust Fund), 2022 Series A and 2022 Series B (Federally Taxable) (Social Bonds), (the “2022 Bonds”) during the week of July 18, 2022.* Read the press release here.
The Commonwealth of Massachusetts is preparing to issue $2.7 billion* in Special Obligation Revenue Bonds (Unemployment Insurance Trust Fund) 2022 Series A (Federally Taxable) (Social Bonds) and 2022 Series B (Federally Taxable) (Social Bonds).
The Official Statement for the Commonwealth Transportation Fund Revenue Bonds Sale (dated June 27, 2022) is now available on EMMA and Official Statements here.
Commonwealth of Massachusetts to sell $2.7b* in Special Obligation Revenue Bonds.
On June 23, 2022, The Commonwealth has announced its upcoming sale of approximately $2.7 billion of 2022 Special Obligation Revenue Bonds (Unemployment Insurance Trust Fund).
Read the announcement here for more details.
COMMONWEALTH TRANSPORTATION FUND REVENUE BONDS (RAIL ENHANCEMENT PROGRAM)
Thank you for expressing interest in the Commonwealth’s upcoming financing, which is expected to comprise the following:
Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder today announced that preliminary revenue collections for May 2022 totaled $2.478 billion, which is $1.524 billion or 38.1% less than actual collections in May 2021, but $138 million or 5.9% more than benchmark.
Find the full revenue numbers on the Department of Revenue's website.
Today S&P upgraded the rating on the Commonwealth’s Special Obligation Dedicated Tax Revenue Bonds, Series 2004 and Special Obligation Dedicated Tax Revenue Refunding Bonds, Series 2005 to “A-” (stable outlook) from “BBB+” (negative outlook). Read the full report here.
On May 5, 2022, the Baker-Polito Administration released its Capital Investment Plan, providing for the Commonwealth’s capital needs in Fiscal Years 2023-2027. Read more about the Capital Budget FY23 here.
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