5-Year Trends Key to FY18 Budget Choices
Boston’s past spending will impact the FY18 budget to be released soon. Read the latest BMRB analysis that identifies facts and trends regarding city spending. Read more>
Author: bmrb
Boston Tops All Cities in NIH Funding in FY16
Boston’s medical, educational, biotech and healthcare institutions received $1.85B from 3,592 research grants from the National Institutes of Health (NIH) in FY16, topping all other cities in the country. Read more>
Don’t Settle Teachers’ Contract Without Bold Reform
After 15 months of negotiations between the BPS & BTU it’s important to remember that this contract is the vehicle to bring bold reform to Boston. Both sides need to focus on reforms that will provide students with a quality education and help Boston become more competitive with charter schools. Improving teacher quality is the single most important strategy to increasing student achievement. (read more . . .)
Boston’s Pension Liability Declines
The Boston Retirement System’s unfunded actuarial accrued liability decreased to $1.48B, down from $1.69B. The funded portion of the BRS actuarial liability increased from 70.2% to 74.9%. Continuing with an aggressive funding schedule will keep Boston on the path to reach full funding by 2025. (read more . . .)