Refinancing of the state’s outstanding debt since 1999 has saved taxpayers more than $1 billion, Treasurer Denise Nappier said Tuesday.
The announcement comes after a $181 million refinancing this week — the 72nd in the past 15 years.
Since then, the Treasurer has refinanced a total of $11.9 billion in bonds.
The state’s long-term general obligation and transportation bond debt stood at $17.69 billion as of June 30, 2013.
The State Comptroller has yet to publish the state’s fiscal year 2014 comprehensive annual financial report, which is meant to provide a full picture of the state’s finances. The report was supposed to be out in December, but has been delayed by inaccurate financial information submitted by various state agencies, according to an audit released in February.
The state Bond Commission authorized just under $2 billion in GO borrowing in calendar year 2014.
