COVID-19 IMPACT ON BOSTON’S BUDGET
FY21 Recommended Budget Overview
An Early Assessment of COVID-19 Impact on Boston’s Finances
The City undertakes the FY21 budget-setting process in the midst of an unprecedented, evolving public health and economic crisis. The Mayor’s FY21 recommended budget, released on April 8th as required by the City charter, reflects information available through the first week of April on the potential impact of COVID-19 on city revenues and costs. Which aspects of this budget should the City Council pay particular attention to given these challenging times? What assumptions drove the City’s recommended estimates for key revenue sources in FY21? What are the strategic spending priorities in the FY21 recommended budget?
Report Objectives
This report provides information and insights on:
- Snapshot of Boston’s $3.65B operating budget, capital and external funding
- Expectations for revenues that drive spending
- Boston’s spending priorities
- Actions for the Boston City Council
Read the full report here>
