Boston Mayor Michelle Wu signed a $4.8 billion annual city budget and $4.5 billion five-year capital plan Monday.
The city’s fiscal 2026 calls for a 4.4% adjusted increase over last year. It got unanimous approval from the city council, and the mayor and councilors called it a “fiscally sound” budget that invests in school improvements and supporting immigrant families and youth jobs, while acknowledging a challenging economic reality.
“Although we’re facing the same uncertainty that cities everywhere are dealing with right now, the reality is that Boston is in the best possible position to weather this moment,” Wu said…