Mayor Walsh presented a balanced budget that maintains high levels of support in critical areas such as education and public safety, makes limited strategic investments,continues the City's commitment to addressing its long-term liabilities, and builds on the Administration's record of strong fiscal management. This is made possible by the Administration's achievement of efficiencies and savings. The City's data-driven managerial approach was recently validated by the affirmation of Boston's triple A bond rating.
Closing Opportunity and Achievement Gaps
Boston is committed to closing opportunity and achievement gaps.
Supporting Students Most in Need
Learn how BPS is directing educational resources to students most in need.
Equity, Diversity, and Mobility
Boston is working to advance racial equity, diversity and economic mobility.
Recruiting a Diverse Police Force
Boston will add 20 police cadets for a pipeline of diverse young people
Launching Go Boston 2030
The Capital Plan will invest $709 million over five years in Go Boston 2030
Keeping Streets Clean and Safe
The FY18 budget invests in making sure city streets are clean and safe.
Preserving Special Collections
Boston Public Library will launch a project to preserve Special Collections.
Access to Addiction Services
Boston is expanding the PAATHS program services to evenings and weekends
Firefighter Health and Safety
Boston is investing in initiatives to reduce cancer risks for firefighters.
The City will generate over $3 billion in revenue for the first time in history. Find out how.
Economic indicators show positive real GDP growth and an improving unemployment rate.
State and City Economies
Learn about the state and local economic recovery since the recent recession.
Property Tax Revenue
Property tax, due to rising new growth and stagnant state aid, is a larger part of Boston’s revenue.
State revenue, second largest revenue source, is a decreasing share of Boston’s recurring revenue.
Payments in Lieu of Taxes (PILOTs) are made by property tax-exempt institutions located in the City.
Urban Redevelopment Revenue
BPDA guides development through its urban renewal powers granted under MGL Chapters 121A and 121B.
Licenses and Permits
FY18 Budget estimates permit revenue growth from commercial and residential real estate development.
Health care costs are contained through savings initiatives but continue to grow. Learn more.
Other Post Employement Benefits
Learn about the City’s plan to cover its long-term liability for retirees’ health and life benefits.
In addition to Charter School Tuition, the State charges for MBTA and other items. Learn more.
The City carefully monitors personnel changes and targets investments in priority areas. See more.
Long Term Financial Plan
BPS is committed to unlocking resources to invest in student success. See how.
State Education Aid Revenue
Boston’s education spending increased substantially, but state education funding has not kept pace.
Education finance legislation
Mayor Walsh filed education finance reform legislation to invest in students.
Weighted Student Funding
At BPS, dollars follow the student. Learn how schoool budgets are calculated.
Early Childhood Education
Data shows BPS prekindergarten attendees outperform their peers. Learn how.
BPS External Funds
BPS receives revenue from external sources. Learn what these sources are and what they support.
Financing the FY18-FY22 Capital Plan
City bonds support 60% of the Capital Plan. Learn more about how the City funds the plan.