of the Seaport Economic Council to advise the administration in supporting the state's maritime economy. In December 2015, Baker filed legislation to modernize municipal finance in the state through a series of regulatory reforms. In January 2016, Baker announced the first award in the inaugural round of the state's Urban Agenda Grant Program in Roxbury, and the following day, Baker's administration announced the rest of the program's inaugural round of grants. In February 2016, Baker, along with Boston Mayor Marty Walsh, announced a redevelopment public–private partnership between the state and city governments with Veolia. In June 2016, Baker announced $28 million in community development block grants to 57 municipalities in the state to pursue economic development projects and support the needs of low- and moderate-income residents. In August 2016, Baker signed into law the municipal finance modernization bill he proposed the previous December. In January 2017, Baker's administration announced $8.8 million in Community Compact Cabinet grants in their state budget proposal for fiscal year 2018, and the following March, Baker's administration announced $850,000 in a second round of Community Compact Cabinet grants to 38 municipalities and eight school districts for efficiency and regionalization efforts. In May 2017, Baker's administration announced $6 million in tax credits to 48 community development corporations in the state to improve economic opportunities for low- and moderate-income households and communities, and the following month, announced $1.8 million in grants from the state's Site Readiness Fund Program to increase the number of development-ready sites in the state for local development. In July 2017, Baker announced $30.5 million in community development block grants to 58 municipalities in the state to respond to specific housing, community, and economic development projects that support low- and moderate-income residents. In September 2017, Baker signed the 300th Community Compact agreement with the town of Swampscott, and the following month, Baker's administration announced $343,000 in Collaborative Workspace Program grants to seven organizations in Western Massachusetts. In November 2017, Baker's administration announced the second round of grants from the state's Urban Agenda Grant Program. In January 2018, Baker's administration announced $2 million in Community Compact Cabinet grants to 92 municipalities and eight school districts for efficiency and regionalization. In May 2018, Lieutenant Governor Polito signed the 350th and 351st Community Compact agreements with Wilbraham and Boston. Economic development In March 2015, as part of his budget proposal for fiscal year 2016, Baker proposed eliminating the