Boston Mayor Marty Walsh unveiled his $3 billion proposed budget for the next year Wednesday morning. Education makes up 40 percent of the expenses, even as the administration has acknowledged that some restructuring in the system may be necessary going forward to cut costs.
- "Mayor Walsh is presenting a balanced budget that maintains high levels of support in critical areas such as education and public safety, makes limited strategic investments, continues the City’s commitment to addressing its long-term liabilities, and builds on the administration’s record of strong fiscal management. This is made possible by the administration’s achievement of efficiency and savings. The City’s data-driven managerial approach was recently validated by the affirmation of Boston’s triple A bond rating."
- "The proposal’s executive summary cites a number of cost pressures on city coffers, including rising pension and health insurance payments, declining state education aid and a 2013 police arbitration award that 'creat[ed] an unsustainable precedent for public safety salary increases.'"
- "Turns out, Boston didn’t need it this winter, with such scant snowfall. That has left City Hall with an estimated $8 million surplus for plows and salt."
This segment aired on April 13, 2016.