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Boston unveils $4.5 billion five-year capital plan as debt approaches policy limit
Summary
City officials presented a $4.5 billion, 390-project five-year capital plan to the City Council committee, and warned the city will approach its 7% debt-service policy limit if projected borrowing continues.
Boston officials on April 17 laid out a five-year capital plan that totals $4.5 billion and covers roughly 390 projects across neighborhoods, while stressing the city is nearing its self-imposed debt-service limit.
The presentation to the City Council Committee on Ways and Means said the plan, for fiscal years 2026–2030, is financed primarily with general obligation bonds, supplemented by other city funds and federal and state grants. “This 5 year capital plan totals $4,500,000,000 and includes investments across 390 projects in all neighborhoods,” Ashley Grafenberger, the city’s chief financial officer, told the committee.
The plan relies heavily on borrowing. Grafenberger said roughly 80 percent of the plan’s revenue will come from…
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