Expanding on savings
Even with strong growth in locally derived revenues, it is only through continued tightening within City departments that the City will be able to afford new and expanded investments after reserving for costs associated with collective bargaining, being assessed for its increasing charter school costs, funding its pension obligations, and paying its debt service.
The FY18 proposal builds off of past budgets by expanding savings initiatives, and allows for dollars to be used in high impact areas.
Mayor Walsh’s FY18 budget stands in contrast to national efforts to dismantle the urban safety net, as seen in the proposed Federal budget. The President has proposed to eliminate critical federal programs that support the production of affordable housing, revitalize Boston’s Main Streets, make heating bills affordable to 20,000 Boston residents, and provide Boston students with valuable after-school programs.