Boston Mayor Martin J. Walsh, BC ’09, announced his official budget proposal for fiscal year 2020 on Wednesday morning, which prioritizes investments in creating and sustaining future growth in the City of Boston and significantly increases funding toward education and housing, among other areas.
The $3.48 billion proposal raises total spending by 5 percent, and specifically increases investment spending in six major categories: early childhood education, affordable housing, climate preparedness, addiction recovery services, public safety, and economic opportunity.
Walsh seeks to achieve these goals by combining short and long-term investments, and the budget supports the city’s long-term plan Imagine Boston 2030, the first attempt in 50 years aimed at guiding inclusionary growth to boost quality of life and equity resilience in every neighborhood across the city.