Marlborough Financial Information

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. 

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. 

Bond Rating 

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. 

Financial Liabilities 

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: