ATTENTION: Massachusetts Travel Order (expand)
Visitors and returning residents to Massachusetts MUST COMPLY with the COVID-19 Travel Order.
Visitors and returning residents to Massachusetts MUST COMPLY with the COVID-19 Travel Order.
Materials that may be of interest to holders of bonds or notes issued by the Massachusetts Port Authority are presented in this section for general informational purposes only and are provided without warranty of any kind and, in particular, no representation or warranty, express or implied, is made or is to be inferred as to the accuracy, reliability, timeliness or completeness of any such information. The information set forth in the documents accessible from this page is limited in scope and does not contain all material information concerning the Authority's bonds or notes or the Authority necessary to make an informed investment decision.
UNDER NO CIRCUMSTANCES SHALL THE INFORMATION IN THIS SECTION CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO SELL OR BUY ANY SECURITIES. OFFERS TO PURCHASE THE BONDS OR NOTES MAY ONLY BE MADE THROUGH A REGISTERED BROKER-DEALER AND THROUGH AN OFFICIAL STATEMENT.
The documents presented address only the matters discussed therein, are each dated as of a certain date and have not been updated since that date and, as a result, may not address all factors that may be material to an investor and may contain material misstatements or omissions of fact because of the passage of time or changes in facts or circumstances subsequent to the date of such documents. Consequently, no person should make any investment decision in reliance upon the information contained in this section.
The Authority’s annual operating budget and business plan is produced annually and focuses on Massport’s fiscal year, which runs from July 1 through June 30. The plan directs resources and capital investments including PILOT (payments in lieu of taxes) to fulfill major policy objectives while balancing the need to maintain long-term financial stability. The goals for Massport are set by the CEO and are the foundation for the plan. The budget and business plan is developed using forecasted business activity provided by our lines of business including aviation, maritime and real estate with a projection for expenses that reflects a high degree of fiscal discipline. The budget also specifies the required deposits to the Debt Service Funds, the Maintenance Reserve Fund, and the Improvement and Extension Fund used to finance the Authority’s capital program. The Massport Board of Directors reviews the annual plan and votes to approve it in June before it is implemented.