Finances & Budget

FY15 Budget Information

by edonaghey

At the January 14, 2014 Trustee Meeting, City of Boston Chief Financial Officer Meredith Weenick reviewed preliminary FY15 revenue assumptions and operating costs. CFO Weenick reported that it is unlikely that revenue will keep pace with the increases in fixed costs so departments will be asked to look for savings during budget development.

The Mayor’s budget will be submitted to the City Council on April 9th.

On January 24th, Governor Deval Patrick released his FY15 Budget recommendation. Under the Governor’s Budget recommendation, the Boston Public Library would anticipate a budget increase of approximately $69,000.

The next step in the state budget process will be in late March/early April when the House Committee on Ways and Means announces its FY15 recommendation.