In 2015 the BRS earned investment return of -1.13% ranked 99th out of the 105 ranked systems according to a2015 Investment Report. Sub-par returns in 2015 and also 2014 raise concerns as the BRS’s funding schedule presumes an assumed rate of return of 7.75%. (continued . . .)
The five-year capital plan submitted as part of Mayor Walsh’s FY17 recommended budget, totals $1.91B, an increase of $126.6M or 7.1%. The proposed plan includes 324 new and continuing projects and proposes $212.4M in new project authorization. Click here to read more about the capital budget
June 9, 2016 – During the second year of the Walsh Administration employee levels dropped 159 to 16,956. This decline occurred proportionally across the City. The three largest departments (School, Police, and Fire) represent 78% of the city workforce and account for 73% of the citywide decrease. This drop comes after three consecutive years of an increasing workforce (+943) Read Full Report>
MAY 3, 2016 – Boston relies on the property tax for almost 70% of revenues. A Research Bureau Special Report examines the factors that contributed to the fiscal 2016 property value increase and tax rates such as tax base growth, Proposition 2½ and classification – driving general fund revenues. Read Full Report>