Fiscal Year 2019 Budget

Beginning July 1, 2018 and ending June 30, 2019

Last updated: 7/1/18

Debt service

The Debt service budget supports borrowing to finance the City’s capital plan.

In FY19 Debt service is budgeted at $190.2 million, a 4.4% increase over the previous year.

Overview

The City benefits from its strong financial policies and practices. In February 2017, Boston's triple A bond rating was affirmed by Moody’s Investors Service and Standard and Poor’s. Strong bond ratings are an assessment of the City’s long-term financial stability and lower the cost of borrowing.

As the City borrows more over ten years to support investments in its schools, debt service is projected to increase as well. In FY19 Debt Service is budgeted at $190.2 million, a 4.4% increase over the previous year.
For further detail, view Capital Planning and Financial Management .


FY16 Actual FY17 Actual FY18 Budget FY19 Budget
Total 157,690,624 165,305,765 182,207,688 190,175,788