City Council Unanimously Approves Mayor Keefe’s FY27 Budget and Capital Improvement Plan
July 6, 2026
REVERE, MA – On Monday, June 22, 2026, the Revere City Council unanimously approved Mayor Patrick M. Keefe, Jr.’s FY 2027 budget, alongside a comprehensive five-year Capital Improvement Plan. Totaling $322.6 million, the balanced budget establishes a strategic roadmap for the city through 2034, prioritizing fiscal stability, educational support, public safety advancements, and infrastructure modernization and improvements. The city is bolstered by a robust AA bond rating with a stable outlook from Standard & Poor’s, along with $12.2 million secured in the General Stabilization Fund.
“Despite rising fixed costs, the city of Revere remains on solid financial footing and we continue to invest in the services and infrastructure our residents rely on most,” said Mayor Patrick M. Keefe, Jr. “I’m grateful for the collaboration of our city council to approve this budget as we continue to put every dollar to work for the residents and taxpayers of Revere.”
The $322.6 million spending plan balances municipal operations, critical enterprise systems, and rising fixed costs:
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Education ($137.9 Million): Includes $133 million dedicated to the operating costs of Revere Public Schools and $3.6 million to support increasing enrollment at Revere’s vocational high schools.
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Public Safety ($35.2 Million): Expands department staffing by funding two new uniformed police officers and two new uniformed fire officers, as well as three new fire trucks. A $250,000 grant secured for body cameras and recent reorganization of the Police Department have helped lower public safety costs. The opening of the regional 911 dispatch center will result in future public safety savings.
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Water and Sewer ($34.2 Million) and Public Works ($5 million): Fully funded by user rates, water & sewer investments will support critical regional assessments and infrastructure mandates. Consolidated citywide facilities management under the DPW budget is maximizing municipal cost efficiency, including hiring a mechanic to service DPW vehicles and equipment to help the city save money on costly repairs by outside vendors.
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Culture and Recreation ($2.4 Million): Outdated, damaged, or otherwise unused materials have been upgraded, new virtual programs have been created, and physical repairs to the library, including the main reading room and repairs to the roof, continue to be made. A new bookmobile will allow for expanded programming throughout the city.
Excluding the landmark construction of the new Revere High School, the City's capital improvement plan outlines over $38 million in general fund upgrades and over $63 million in water, sewer, and drainage improvements over the next five years. Over $16 million in direct allocations in FY2027 include vehicle and equipment acquisitions, investments in parks and open space, public buildings and facilities, and roadways and sidewalks.
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The New Revere High School Project: With a total estimated cost of $493 million, the project is supported by an anticipated $234 million grant from the Massachusetts School Building Authority (MSBA), leaving a net city share of $259 million. Through short-term Bond Anticipation Notes, the city is generating $3 million in investment income this year alone to offset debt service and leveraging projected city growth to minimize taxpayer impact.
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McKinley School Renovation: The historic building is being converted into a $43 million, multi-use hub featuring a Revere Public Schools early childhood education center, the city’s parking department, retirement board, and a state-of-the-art facility for the Metro North Regional Emergency Call Center. Backed by federal and state grants, the city's net share is capped at $17 million.
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McMackin Field Recreational Campus: Revitalizing a community staple inactive since 2014 for an estimated $6.4 million. Paired with the property at 200 Winthrop Ave, it will form a modern recreational campus complete with new field lighting, dugouts, and off-street parking.
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Climate Resiliency & Water Quality: $1.7 million in critical sewer upgrades will help the city remain compliant with the federal EPA Consent Decree. The city will also launch an accelerated lead service line replacement program funded via the MWRA, alongside localized storm water flooding mitigation projects in North Revere.
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