Walsh eyes events fund that takes private donations

Written By Unknown on Minggu, 05 Oktober 2014 | 00.48

The Boston City Council will hold a public hearing Monday to consider creating a fund that would accept private donations to pay for special events.

In a letter to the council, Mayor Martin J. Walsh proposed the idea to support "civic, educational, recreational, literary, scientific, artistic, theatrical and musical functions throughout the city."

"In the climate of ever-decreasing state and municipal resources, it is more important than ever to maximize the support we can obtain from private sources to produce events that benefit not only the people of Boston, but also serve to elevate Boston's reputation and attract visitors," Walsh wrote.

"These would be large-scale events that typically envision fundraising needs and may be better supported by corporate donations and partners," Kate Norton, a spokeswoman for the mayor, said yesterday.

The so-called "Special Events Fund" would be controlled by a board of five people who would be appointed by the mayor for terms of no more than three years and who would serve without compensation.

Donations made for a particular event or function would have to be spent only for that purpose, and any money left at the end of the fiscal year would remain in the fund.

The city treasurer could deposit the fund's proceeds in a bank, trust company or federal savings and loan association, or invest it in securities allowed under state law, and any interest or revenue accrued or generated by the fund would be added to it.

"If the funds would be used for the benefit of the public, I'd have no objections to it," said Councilor Charles C. Yancey.


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