Annual Operating Budget
Each year, the Mayor submits his annual budget recommendation to the City Council for review. The City Council holds committee meetings and a public hearing as part of the annual review process. Below, please find the Mayor's annual budget recommendations. Each file contains the Mayor's letter, budget, and City Council approval. Please contact Mayor Vigeant's office at 508-460-3770 or [email protected] with any questions.
- Fiscal Year 2019 Budget
- Fiscal Year 2018 Budget
- Fiscal Year 2017 Budget
- Fiscal Year 2016 Budget
- Fiscal Year 2015 Budget
- Fiscal Year 2014 Budget
- Fiscal Year 2013 Budget
Capital Improvement Plan
In 2017, the City of Marlborough developed a comprehensive 5-year Capital Improvement Plan in partnership with the UMass Boston Collins Center for Public Management. In 2018, the City updated the project list and cost projections.
The City of Marlborough maintains strong credit ratings for municipal bonds and short-term bond anticipation notes. For municipal bonds, S+P Global Ratings assigned Marlborough, their AA+ rating. For short-term borrowing, S+P Global Ratings assigned Marlborough their SP-1+ rating, which is the highest rating attainable for short-term notes. S+P's most recent ratings report can be accessed at the link below.
The City's retirement system is managed by the Marlborough Retirement Board. It is funded annually by the City and through investments made by the Retirement Board. The City's retirement system is projected to be fully-funded in Fiscal Year 2025. The link below compares the City's retirement system and bond rating to other organizations in Massachusetts. Information compiled from the Massachusetts Division of Local Services website.
Other documents and information: