Finances & Budget

Fiscal Year 15 Budget

by edonaghey

Mayor Martin J. Walsh’s first City of Boston budget was passed by the City Council on Wednesday, June 25. The City-funded portion of the Boston Public Library budget is $33,416,125 and fully funds year round Sunday hours at the Central Library in Copley Square, year round Saturday hours at the branches, and collective bargaining increases. The budget took effect on July 1, 2014.

The State Legislature passed its Conference Budget Recommendation on Monday, June 30. For the second year in a row, Library for the Commonwealth ( funding increased by $150,000, resulting in a recommended FY15 budget of $2,501,883. In Fiscal Year 2014, BPL received $485,000 in state aid. This was out of a total state aid budget of $6,823,657. In the FY15, the recommended budget for state aid is $9m. The budget has now been sent to Governor Deval Patrick for review. The Governor has 10 days to sign the budget or to veto portions of the budget and return it to the Legislature.