With a green light from the Walsh Administration,
the Boston Retirement Board approved increasing the retiree COLA base from $13,000 to $14,000 – increasing the City’s unfunded pension liability by $25.4M. Read more>
The ability of all schools to select quality teachers to meet their needs must be protected in the new school contract. This is a key tool in improving the quality and compatibility of teaching teams in the BPS. This reform cannot be put back. Read more>
The City of Boston has utilized state law to re-establish 14 revolving funds totaling $7.0M for use in FY18 by eight departments. The funds are generated through fees and charges to support services related to the fees. These funds have the advantage of being able to roll over year-end balances to the next fiscal year. Read more>
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>