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Learn about Boston Investor Relations, including Featured News, Projects, and The Team.
This is the official investor relations page for the City of Boston. Managed by the city’s Chief Financial Officer and Senior Deputy Treasurer, the City’s Treasury division is responsible for the issuance of all bonds and the City’s investor communications efforts.
The City, incorporated as a town in 1630 and as a city in 1822, exists under Chapter 486 of the Acts of 1909 and Chapter 452 of the Acts of 1948 of The Commonwealth of Massachusetts (the “Commonwealth”) which, as amended, constitute the City’s Charter.
The Mayor is the chief executive officer of the City. Mayor Martin J. Walsh was elected to serve his first term beginning in January 2014 and was re-elected to a second term which began in January 2018. The Mayor has general supervision of and control over the City’s boards, commissions, officers, and departments. The portion of the City budget covering appropriations for all departments and operations of the City, except the School Department and the Boston Public Health Commission, is prepared under the direction of the Mayor.
The legislative body of the City is the thirteen-member City Council. The City Council enacts ordinances and adopts orders, which the Mayor may either approve or veto. Ordinances and orders, except orders for the borrowing or appropriation of money and the reorganization of City departments, may be enacted by the City Council over the Mayor’s veto by a two-thirds vote. The City Council may reject or reduce a budget submitted to it by the Mayor, but the City Council may not increase a budget.
Mayor Martin J. Walsh today announced the launch of three new funds totaling $6.3 million that will support small businesses within the City of Boston that have been affected by COVID-19, focusing on commercial rent relief, supporting certified women, minority, and veteran owned small businesses, and restaurant payroll and rental relief. Since the beginning of the COVID-19 pandemic, the City of Boston has allocated more than $15 million toward direct grants to small businesses.
As the City of Boston continues to lead nationally on urgent climate action, Climate Mayors today announced that Mayor Martin J. Walsh has been named Chair of the coalition of 468 U.S. mayors committed to bold environmental action and upholding the Paris Climate Agreement. In this role, Mayor Walsh will help catalyze efforts to combat climate change at the local level, provide an example of climate action for leaders at all levels of government, and advocate for an economic recovery founded in equity and environmental stewardship. Mayor Walsh succeeds Los Angeles Mayor Eric Garcetti, who founded Climate Mayors, and has also served as the network's Chair since its launch in 2014.
Building on his Resilient Boston Harbor plan to enhance Boston’s waterfront and protect vulnerable neighborhoods from s ea level rise and coastal flooding due to climate change, Mayor Martin J. Walsh today released two reports, "Coastal Resilience Solutions for Downtown Boston and North End" and "Coastal Resilience Solutions for Dorchester" . The reports are rooted in Imagine Boston 2030 and advance the work of Climate Ready Boston, the City’s initiative to develop solutions to prepare Boston for the impacts of climate change. The strategies presented in each report outline a roadmap for near- and long-term solutions to protect from coastal flooding, increase access and open space along the waterfront, and enhance the public-private collaboration necessary for stakeholders in each neighborhood required for successful transformation and protection.
Neighborhood: Charlestown/Downtown/North End
Description: The City of Boston and the National Parks Service collaborated on a planning process to create a pedestrian and bicycle network to connect historic sites in downtown Boston. In 2013 the City was awarded a $15.5 million Transportation Investment Generating Economic Recovery (TIGER) Grant, from the United States Department of Transportation, for the design and construction of Connect Historic Boston – Phase 1. The City of Boston Public Works Department is leading a team of City departments and consultant firms to bring four of the concepts developed in the planning process to 100% design and construction:
Project Status: In construction
Estimated Project Cost: $23,000,000
Project Start: Spring 2015
Estimated Project Completion: 2018
Project Design Team:
Project Construction Team:
See http://connecthistoric-boston.org/ for more information.
Neighborhood: Charlestown/North End
Description: The Boston Public Works Department is designing a replacement for the North Washington Street Bridge (Charlestown Bridge). Sitting in the footprint and shadows of the Zakim Bunker Hill Bridge, the replacement bridge needs to complement the form and functionality of the iconic Interstate Bridge. The key aspects of the new bridge will be that it is a livable, walkable, multimodal, green and sustainable bridge, accommodating all users, pedestrians, cyclists and motorists. The design calls for wider sidewalks, gathering places, innovative accent lighting, protected bicycle facilities, and smoother walking surfaces to support the Freedom Trail.
Project Status: In design
Estimated Project Cost: $100,000,000
Estimated Project Completion: 2020
Project Design Team:
The building was constructed in 1932 and contains 18,136 SF with 3 floors and a basement and is situated on a lot size of 20,198 SF. The 1st floor has a 3 bay garage, the patrol room, and a public restroom. The living quarters are on the 2nd and 3rd floors and the basement contains mechanical equipment, storage, and a woodworking shop. The Firehouse houses Engine 2 and Ladder 19. The Firehouse is located at 680 East Fourth Street on the corner of K Street in South Boston.
The building was constructed in 1940 and contains 9,720 SF with 2 floors and a basement on a lot size of 3,816 SF. The 1st floor has a 2 bay garage, the patrol room, and a public restroom. The 2nd floor contains the living quarters and basement contains mechanical equipment and storage. The Firehouse houses Engine 3, the Special Unit (Lighting Unit). The Firehouse is located at 618 Harrison Avenue on the corner of Wareham Street in the South End.