By adamg on Wed, 04/08/2020 - 2:24pm
Mayor Walsh today released his proposed budget for the fiscal year that starts July 1 - a $3.65 billion operating budget that is 4.4% higher than the current year's budget - and a separate, four-year, $3-billion infrastructure budget.
The proposed investments take into account the short and long-term fiscal impact of the ongoing coronavirus (COVID-19) pandemic, and are made possible due to six consecutive years of proactive fiscal management that has well-positioned the City of Boston to continue investing in core city services and resident needs at a time of global economic uncertainty.
However, recent increases in city budgets have been fueled in large part by property taxes coming from the boom in construction in the city. Most private construction projects in the city are currently on hold due to Covid-19 concerns.
In addition to the overview of the proposed budget at the link above, the mayor's office has posted additional background information.