The Town of Burlington has been assigned a ‘AAA’ rating on its Series 2026 general obligation (GO) municipal-purpose bonds by S&P Global Ratings.
S&P Global Ratings evaluates the creditworthiness of governments and other entities, providing independent assessments of their ability to meet financial obligations.
In the report released by S&P, Burlington’s rating reflects its diverse local economy, strong financial management, and high income levels, with local incomes exceeding 160% of the national average. The town ended fiscal year 2025 with a deficit, which the report attributes in part to costs related to major capital projects, including the new police station and school projects.
Burlington maintains revenue flexibility through its property tax levy within the limits of Proposition 2½. The report notes that in 2025, approximately 60% of the town’s tax levy was supported by commercial properties. The town has also continued to serve as a hub for life sciences and a range of other businesses.
S&P also assigned a stable outlook, indicating expectations that Burlington’s strong financial position will continue. Maintaining a AAA rating also positions Burlington to secure more favorable borrowing rates, which can lead to cost savings for taxpayers and support future capital projects.
You can read S&P’s full report here.
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