Category: Blog

BPS Ended FY20 with a Small Surplus

The Boston Public Schools ended FY20 on target, with a surplus of $1,835. Triggered by a spending freeze on all non-essential items, BPS was able to shift non-salary resources to cover increased salary costs.

Boston Ends FY20 With $15.3M Surplus

Reflecting a long history of conservative budgeting, FY20 marks the 35th consecutive year that Boston has produced a surplus. Strong reserves and conservative budgeting practices puts Boston in a stronger position than most other major metropolitan areas as the City faces financial uncertainties in the current fiscal year.