Originally posted on State House News - A major bond sale that was put on hold as the House and Senate tried to reach a compromise version of economic development legislation is now back on for later this month, even as the economic development bill remains in limbo. The state Treasury is now planning to offer $2.7 billion of special obligation revenue bonds the week of Aug.

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.