excavator at a construction site

What are you investing in when you invest in Massachusetts?

The Commonwealth issues three types of long-term bonds: General Obligation (GO) Bonds, Special Obligation (SO) Bonds and Federal Grant Anticipation Notes (GANs) to fund projects contained in the state’s Capital Investment Plan.

The GO Bonds represent the largest and most frequently issued bonds and are backed by the full faith and credit of the Commonwealth.

The Capital Investment Plan supports capital investments in every region of the Commonwealth and across all areas of government. It provides long-term investments in transportation, state-owned facilities, health and human services, public safety, and information technology. The plan also includes significant funding to promote economic development, enhance workforce skills, expand affordable housing opportunities, care for critical environmental infrastructure, and support the Commonwealth’s cities and towns.


  • Maintain and improve the condition of Massachusetts’ roads and bridges
  • Investing in reliability and modernization of the MBTA’s subways, buses and commuter rail transit system
  • Partnering with cities and towns to address the needs of municipally-owned transportation assets
  • Modernize the public transit system to make it safer, more accessible and to accommodate growth

State Owned Facilities

  • Renovations and replacements to modernize and improve operations at 100 active court facilities across the Commonwealth
  • Construction of new state-of-the-art long-term care facility for veterans at the Soldiers’ Home

Housing and Economic Development

  • Provides municipalities with funding for projects promoting economic development through the MassWorks program
  • Investment in local housing authorities’ preservation and redevelopment of units that benefit approximately 80,000 extremely low-income people, of whom about 70% are elderly, disabled or have other special needs across 234 communities
  • Develop affordable housing for the Commonwealth’s workforce, seniors and veterans
  • Provide grants to foster job growth and innovation in the life sciences industry
  • Broadband Last Mile Infrastructure program which is successfully closing the broadband connectivity gap in western Massachusetts

Environmental Infrastructure

  • Investments to support climate change mitigation and adaptation programs including Municipal Vulnerability Preparedness grants, Critical Coastal Infrastructure and Resilience grants and dam and seawall funding
  • Deferred maintenance of 450,000 acres of parks and forests, beaches, bike trails and other state-owned recreational assets
  • Assist cities and towns in preserving their natural resources including water quality, parks and open space, land use planning and funding for solid waste management and recycling

Technology Services and Security

  • Improve the ability to deliver government services while working remotely, modernizing and securing the state’s digital network and shifting critical business applications to cloud-based platforms
  • Expand cybersecurity capabilities and institute event monitoring and communication processes to secure access to business systems and data


  • Invest in the nation’s leading education system throughout the Commonwealth
  • Continued capital investments supporting students, workforce demands and campus priorities within the public higher education system which includes 15 community colleges, nine state universities, and five UMass campuses serving more than 260,000 students