Massachusetts lawmakers continue to move forward on bond bills totaling $7 billion to help finance higher education, affordable housing, and public building improvements while committee members shelved an initiative to allow special assessment bonding.

The special assessment bond bill, called 40T, would enable the Massachusetts Development Finance Agency and local governments to issue special assessment debt. That type of borrowing allows issuers to fund infrastructure upgrades by leveraging special assessment fees paid for by the homeowners and private businesses that benefit from the enhancements. As of now, local communities use general obligation debt or tax increment financing, which is known as district-improvement financing, or DIFs, in Massachusetts.

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