A communication from the Capital Debt Affordability Committee of the Executive Office for Administration and Finance (see Section 60B(f) of Chapter 29 of the General Laws) submitting the committee’s annual report estimate of the total amount of new Commonwealth debt that may be prudently authorized for the next fiscal year

HD 5491 is a procedural submission from Massachusetts' Capital Debt Affordability Committee, not a new law. The committee recommends allowing up to $3.3372 billion in new general obligation debt (the "bond cap") for the state's fiscal year 2027 capital spending. This represents a $110 million increase (3.41%) over the 2026 amount, based on their analysis of debt affordability using 30-year modeling focused on conservative revenue growth (4.6% annual rate) and interest rate assumptions (starting at 5%). The recommendation ensures annual debt payments stay below 7% of projected budget revenue over the next decade, while respecting the state's $35.487 billion direct debt limit for FY2027. This submission is required annually under Section 60B(f) of Chapter 29 of Massachusetts General Laws.