Debt

City Makes Progress on Reducing Debt

As a result of the City Council's proactive approach to debt reduction and commitment to our strategic goal of being a high-performing government organization, the City has made substantial progress in reducing its outstanding debt. By the end of Fiscal Year 2025, the City's overall debt is estimated to have decreased by $460 million, or 44%, from its peak in 2010. Notably, this achievement has been accomplished alongside a decreasing millage rate over the past nine years.

The debt review presentation from the July 2025 City Council Workshop is available below:

See Debt Review Presentation(PDF, 2MB)

Additional Information

• Understanding Your City's Funds (Fact Sheet)(PDF, 136KB)
• Debt Management Policy(PDF, 496KB)
• S&P upgrades the City of Port St. Lucie’s rating, highlighting significant economic growth (2023)(PDF, 286KB)
• S&P Global Ratings: Capital Improvement and Refunding Bonds (2021)(PDF, 26KB)
• Fitch Ratings: Utility System Revenue Bonds (2021)(PDF, 502KB)