Fiscal Year 2019 Budget

Beginning July 1, 2018 and ending June 30, 2019

Last updated: 7/1/18

Reserve

The Reserve budget is a fixed cost stipulated by state law and requires the City of Boston to maintain a reserve of 2.5% of the prior year appropriations, not including the School department, on its balance sheet.

The current balance of this reserve is $35.2 million,with this balance Boston has met its reserve requirements.
The reserve can be used to provide for extraordinary and unforeseen expenditures and the Mayor may make drafts or transfers against this fund with City Council approval after June first of each fiscal year.
Since the establishment of this reserve, the City has yet to make any drafts or transfers from the reserve.

FY16 Actual FY17 Actual FY18 Budget FY19 Budget
Total 988,660 3,813,197 0 0