Debt service costs
The City borrows every year to support investments in its roads, bridges, school buildings, parks and police and fire stations. Based on its AAA bond rating, the City has continued to benefit from favorable interest rates and its position as an attractive investment. This high bond rating will be integral to unlocking a $1 billion investment in Boston schools over the next 10 years.
Even with the recent favorable borrowings, debt service costs are projected to increase by $7.7 million (4.2%) in FY19.