During Mary Bogie’s 10-year tenure as CFO, credit rating companies Moody’s Investor Service and S&P Global Ratings have consistently given the Metropolitan Council their highest bond ratings. This has resulted in reduced interest costs on bonds sold to finance capital projects.
Under Bogie’s leadership, the council, whose headquarters are in St. Paul, adopted a 2021 budget in December that kept the agency’s tax levy flat. Achieving a balanced budget despite decreased transit ridership was accomplished with the help of federal relief and careful use of reserves.