Budget.data.cityofboston.gov Website Review

This budget represents an investment in our values as a city, and will allow us to build upon the strong foundations we’ve set in supporting all of Boston neighborhoods - Mayor Martin J. Walsh Mayor Martin J. Walsh’s Fiscal Year 2019 (FY19) budget affirms a commitment to progress, opportunity and innovation by investing in Boston’s neighborhoods while maintaining the Mayor’s strong record of financial management. The $3.29 billion plan is balanced, sustainable, and accelerates progress across public policy areas. The budget contains historic levels of funding for public education, new investments in public safety, continued efforts to create affordable and middle income housing, expanded services for residents struggling with substance use disorders and addiction, and new initiatives that will transform the future of transportation in Boston. SPENDING Boston is a growing city, with an evolving population that needs new and expanded city services. In his first term in office, Mayor Walsh improved outcomes across the City’s services, from education to housing, economic security to quality of life, and open space to the arts. In FY19, the Mayor proposes to build on those successes and make real, meaningful changes to the future of Boston’s landscape. Investments in public safety, education, transportation, housing, public health, and many other areas reflect a City committed to providing the services to EXPAND OPPORTUNITY AND SECURITY TO BOSTON’S MIDDLE CLAS*. Boston’s expanding economy is generating growing revenue to support investments in city neighborhoods. Property tax growth remains the main driver and far exceeds previous growth realized in the City. Local receipts, such as fines, fees and excise tax also continue to grow modestly as a result of an expanding economy. The City continues to weather reductions to net State aid, a decade-long trend of disinvestment driven by modest growth in State aid revenue and large increases in State as*essments.