For Immediate Release - March 18, 2013

Treasury Unveils New Investor Website with Unprecedented Amount of Financial & Economic Data

New Website is Latest in a Series of Steps to Enhance Transparency and Disclosure

Treasurer Steven Grossman today unveiled a new website that increases the transparency and disclosure of the Commonwealth’s financial and economic indicators to investors in the municipal bond market.  The site provides an unprecedented degree of information to the institutional investment community, establishing a level of disclosure that is expected to make Massachusetts bonds more attractive to investors and help drive down the Commonwealth’s cost of borrowing.

“We’re confident that providing better disclosure tools to investors will allow the state to borrow at lower rates and reduce costs for taxpayers,” said Grossman.  “More transparency and better disclosure are simply the right things to do.  They help restore public confidence in government and give Massachusetts a strategic advantage over other borrowers when we sell our bonds.”

The new website,, positions Massachusetts as a national leader in terms of investor disclosure.  The site provides more than 30,000 pages of downloadable reports, audits and summaries from different state offices including the Treasurer’s Office, the Executive Office for Administration & Finance, the Department of Revenue, the Office of the State Comptroller, and the Commonwealth’s pension fund.  The new website also provides investors with new tools, such as cutting edge software that allow the state’s economic and financial data to be analyzed on a customized basis.

Today’s announcement is the latest step in the Treasurer’s ongoing effort to establish Massachusetts as a leader on investor disclosure. Over the past two years, the Commonwealth has completely revamped its disclosure practices which now include a set schedule of when information is published to the bond market, regular live investor calls, and an annual Investor Conference to showcase Massachusetts’ financial standing.  

In the fall of last year, the Treasury oversaw two of the most highly competitive deals in recent memory, including a $1.2 billion short-term borrowing deal with an interest rate of .098.