Mayor Wu Announces City of Boston Achieves Triple-A Bond Ratings for 12th Consecutive Year

Mayor Michelle Wu announced that Boston has maintained its triple-A bond ratings from Moody's and S&P Global Ratings for the twelfth consecutive year, underscoring the city's strong fiscal management. This rating reflects Boston's resilient economy, supported by significant educational and healthcare institutions, which is crucial in uncertain economic times. The FY26 budget of $4. 8 billion is designed to meet long-term financial obligations while ensuring the delivery of essential services to residents. CFO Ashley Groffenberger noted that the city has achieved these ratings through years of prudent budget management.

With over $300 million in federal funds supporting critical services, Boston is exercising caution in its budget planning to ensure stability. The five-year Capital Plan, totaling $4. 5 billion, aims to address infrastructure needs effectively. City Council President Ruthzee Louijeune emphasized that the bond ratings demonstrate Boston's ability to invest equitably in its neighborhoods while maintaining fiscal strength. This commitment to sound financial practices positions Boston favorably amid national economic challenges.