Investor Presentation: General Obligation Bonds Consolidated Loan of 2020

0% 1% 2% 3% 4% 5% 6% 7% 8% 9% Debt as a Percentage of State GDP (2019) Connecticut Hawaii Massachusetts New Jersey Mississippi Kentucky Delaware West Virginia Rhode Island Illinois New York Oregon Maryland Washington Louisiana California Virginia Wisconsin Kansas Arkansas Pennsylvania New Mexico 20 Sources: U.S. Bureau of Economic Analysis; and Moody's Analytics Minnesota • 50 State Median: 1.9% • MA: 7.24% (3rd in the nation) Debt as a percentage of GDP Ohio Maine Vermont Ala ba ma Georgia Alaska Florida Utah Idaho Michigan New Hampshire North Carolina Nevada Arizona South Carolina Colorado Missouri South Dakota Oklahoma Texas Tennessee Indiana Iowa Montana North Dakota Wyoming | Nebraska | MASSAC ACHUSETT TENSIS לפורדנר

View entire presentation