About

Learn about Boston Investor Relations, including Featured News, Projects, and The Team.

Population
683,015
Bond Ratings
Aaa/AAA
Bonds Outstanding
$1.31 billion

About Boston Investor Relations

This is the official investor relations page for the City of Boston.  Managed by the city’s Chief Financial Officer and Senior Deputy Treasurer, the City’s Treasury division is responsible for the issuance of all bonds and the City’s investor communications efforts.

About Boston

The City, incorporated as a town in 1630 and as a city in 1822, exists under Chapter 486 of the Acts of 1909 and Chapter 452 of the Acts of 1948 of The Commonwealth of Massachusetts (the “Commonwealth”) which, as amended, constitute the City’s Charter.

The Mayor is the chief executive officer of the City. Mayor Kim Janey's term began on March 22, 2021 after former Mayor Walsh's confirmation as US Secretary of Labor and subsequent resignation. The Mayor has general supervision of and control over the City’s boards, commissions, officers, and departments. The portion of the City budget covering appropriations for all departments and operations of the City, except the School Department and the Boston Public Health Commission, is prepared under the direction of the Mayor.

The legislative body of the City is the thirteen-member City Council. The City Council enacts ordinances and adopts orders, which the Mayor may either approve or veto. Ordinances and orders, except orders for the borrowing or appropriation of money and the reorganization of City departments, may be enacted by the City Council over the Mayor’s veto by a two-thirds vote. The City Council may reject or reduce a budget submitted to it by the Mayor, but the City Council may not increase a budget.

Projects

Langone Park / Puopolo Playground

This is a larger, multi-year park renovation project that will make enhancements and improvements to the various recreational spaces in the park as well as lighting, drainage, and plantings.  Spending attributed to the 2020 Series B (Green) Bonds will focus specifically on protecting this beloved open space, heavily used by the community, from the effects of storm surges and sea level rise through raised athletic fields a harborwalk elevated four feet, and a strengthened sea wall.  Spending allocation will be applied through an estimation of the green spending against the entire project.  Additional information may be found at https://www.boston.gov/departments/parks-and-recreation/improvements-langone-park-and-puopolo-playground.

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BCYF Curley Community Center

The Boston Center for Youth and Families' Curley Community Center is owned by the City of Boston and operated by the Boston Center for Youth and Families.  The Curley is undergoing a $30 million renovation with Green Bonds spending supporting a number of efforts including those related to mitigating the effects of sea-level rise by waterproofing the floor slab and walls and reinstalling the doors with removable flood barriers.  Building systems upgrades include new energy efficient lighting throughout the facility and HVAC upgrades.  Additional energy conservation measures include new windows and improved insulation of the building envelope.

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Renew Boston Trust Program

The Renew Boston Trust Program ("Renew Boston") finances water and energy-saving renovation projects in municipal buildings and uses financial savings from the projects to finance additional conservation projects.  Green Bond spending will focus on Phases 1 and 2.  Phase 1 is complete and focuses on installing energy-saving upgrades at 14 municipal buildings.  Examples of current spending include the installation of demand control ventilation at the Central Library in Copley Square which optimizes the amount of fresh air introduced into the ventilation system to ensure comfort while minimizing energy used in conditioning it.  At the A-15 Police Station, Phase 1 supports the installation of highly efficient LED light bulbs and occupancy sensors ensuring that lights are only on when needed.  A complete list of the Phase 1 projects can be found at https://www.boston.gov/environment-and-energy/renew-boston-trust. 

Phase 2 is underway, with the planning phase having been completed.  With a budget of approximately $20 million, Phase 2 includes over 30 buildings located throughout the City.  Construction and project implementation is expected to be underway in 2021.

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Boston Arts Academy

A new Boston Arts Academy building is currently under construction near historic Fenway Park.  Spending supported by the 2020 Series B (Green) Bonds will include energy efficiency measures, improving indoor environmental quality and building it to at least LEED Silver standard.  The City expects to apply for LEED certification.

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The Team

Kim Janey

Mayor of Boston

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Justin Sterritt

Chief Financial Officer

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Maureen Garceau

First Assistant Collector-Treasurer

maureen.garceau@boston.gov

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Richard DePiano

Second Assistant Collector-Treasurer

(617) 635-4140

richard.depiano@boston.gov

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