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Wu Sends $4.9 Billion Boston Budget With Tightest Growth Since 2010

Rising employee health costs tied to GLP‑1 drugs consume nearly all new spending.

Overview

  • The $4.9 billion plan, presented Wednesday, raises spending 2.1 percent, the smallest increase since 2010.
  • City officials say about $99.4 million in growth is nearly all driven by employee health insurance, especially GLP‑1 drugs used for diabetes and weight loss.
  • Leaders plan to close a near $50 million gap from heavy snow costs and police overtime by drawing on reserves and using $38 million in pension and debt timing shifts.
  • Boston Public Schools expects 300 to 400 teacher position reductions linked to school mergers and falling enrollment, with AP classes, arts, and student supports kept in place.
  • The proposal now heads to City Council review through June, as watchdogs scrutinize the accounting moves and the lack of new revenue ideas.