Housing, economic development and social mobility are in the forefront of a wide range of challenges for mayors across the country.
Category: Bureau Updates
Boston’s financial position earned the highest ratings from Moody’s Investment Services and S&P Global in 2019. Both rating agencies cited the risk of climate change as a key issue in their ratings reports.
Substantial new growth drove Boston’s property tax levy increase of $133.4M or 6%, far greater than the Proposition 2½ levy limit of 2.5%. New growth, primarily from residential new development, contributed $78.7M, the largest new growth amount ever.
The City of Boston ended FY18 with a $21.2M General Fund operating surplus – actual receipts exceeded budgeted revenues by $55.7M