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Debt Affordability Committee May 17, 2013

Debt Affordability Committee May 17, 2013. Debt Affordability Committee’s Charge.

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Debt Affordability Committee May 17, 2013

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  1. Debt Affordability CommitteeMay 17, 2013

  2. Debt Affordability Committee’s Charge • “On or before September 10 of each year, the committee shall submit to the governor and the general court the committee’s estimate of the total amount of new commonwealth debt that prudently may be authorized for the next fiscal year” • “The committee shall review on a continuing basis the size and condition of the commonwealth tax supported debt as well as other debt of any authority of the commonwealth…The estimate shall be made available electronically and prominently displayed on the official website of the commonwealth.” -Massachusetts General Laws Chapter 29 Section 60B

  3. Meeting Topics • Introductions – April 26, 2013 • Tax Supported Debt – May 17, 2013 • Debt Ratio Comparisons – June 20, 2013 • Debt Service and Authorizations – July 17, 2013 • Recommendation – August 14, 2013 • Final Report – September 5, 2013

  4. Today’s Agenda • Introduction of attendees • Opening Remarks • Minutes of April 26th meeting – VOTE • Appointment of secretary – VOTE • Massachusetts School Building Authority • Massachusetts Bay Transportation Authority • June Meeting – June 12th • Rating Agency Criteria • Debt Ratios • Comparison states • Public Hearing in July

  5. Debt Profile: Massachusetts School Building Authority

  6. Debt Profile: Massachusetts Bay Transportation Authority

  7. June Meeting Topics • June Meeting – June 12th • Rating Agency Criteria • Debt Ratios • Comparison states • Public Hearing in July

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