BMRB: Boston ends FY21 with $15.3m surplus

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BMRB East Boston News
Graphic Credit: EastBoston.com

Despite the challenging year and financial uncertainties due to the COVID-19 pandemic, Boston ended FY21 with an operating surplus of $15.3M. Property taxes remained strong and made up for revenues that came in under budget. While the city overall spent $295,263 more than budgeted, most departments kept spending under budget, with the exception of Police.

Read more at the Boston Municipal Research Bureau.