Massachusetts

The Massachusetts Department of Revenue announced fiscal '23's revenue numbers were 4.7% below the previous year's total.

The plan dedicates most of the funds to repairing and modernization existing infrastructure.

Proponents say it's the right time after states reaped the revenue rewards of a strong post-COVID economic rebound. Opponents, however, point to the gloomy market predicted to be ahead.

The $6.9 billion new-issue calendar features high-grade deals from Georgia, Washington and Massachusetts, among other frequently traded credits, which should provide direction for scales.

Gov Maura Healey touted new spending on green energy, transportation, and housing in releasing the five-year Capital Investment Plan.

The Massachusetts Bay Transportation Authority's budget is focused on safety improvements after federal regulators pointed out deficiences.

The state Senate passed a $56 billion budget that included provision for middle-class tax cuts and credits similar to those Gov. Maura Healey has been seeking.

Despite a slump in state revenue figures, a Massachusetts Senate committee approved tax relief along the same lines Gov. Maura Healey proposed earlier.

State Senate Ways and Means Committee chair Patrick O'Connor said Gov. Maura Healey's tax proposals would remain largely untouched.

The bill follows the same lines as Gov. Maura Healey's tax relief package proposed in February, but comes with a smaller price tag.

S&P raised Massachusetts' general obligation long-term credit rating to AA-plus from AA.

Governments across the Northeast announced support for emerging industries affected by the collapse of Silicon Valley Bank and Signature Bank.

High turnover rates in key government positions make it hard for the town of Wellfleet, Massachusetts, to stabilize its finances, a state report said.

Maura Healey's plan would expand child tax credit programs while lowering taxes on estates and short-term capital gains.

The bill in Massachusetts bill would establish a "baby bond" program to create a trust account for children born into a low-income households.

"The large taxable refunding or combined transactions were accomplished earlier in the year when rates were relatively low," says John Hallacy.

"Build a culture and cohesiveness that fosters collaboration and resiliency," Deborah Goldberg told The Bond Buyer National Outlook conference.

"Let's face it, the state of our trains, roads, and bridges today is unacceptable," Massachusetts Gov. Maura Healey said in her inaugural address.

It's not just the "right" thing to do; it's good for business, say the Freda Johnson Award winners, Massachusetts Treasurer Deborah Goldberg and Ballard Spahr's Emilie Ninan. They discuss how diversifying the industry is key to growth and success. Lynne Funk hosts. 

Tax-exempt munis have now regained late September levels, and November's rally has eclipsed October's selloff, MMA notes in a weekly report.