Boston Mayor Michelle Wu is proposing a $4.9 billion budget for the next fiscal year, a 2% increase despite a big jump in health care costs and a drop in federal funding.
Wu called this a “difficult moment” for the city in a letter Monday to the Boston City Council outlining her fiscal 2027 budget. She indicated the limited growth of the budget required “tough choices, including targeted reductions.”
Perhaps the biggest pressure on the budget: a 20% health insurance rate hike, or a $97 million increase, for employees of the city, Boston Public Schools and the health commission…