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FY24 Operating Budget Information

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April 12, 2023


Learn about how the Operating Budget supports various services provided by the City.

The FY24 Recommended Operating Budget totals $4.28 billion and represents an increase of $274 million or 6.8% over FY23.

  • The operating budget is an approved annual spending plan allotted to both City departments and central budgets. The budget supports the cost of the day-to-day operations of City government, such as public education and public safety.
  • The budget also includes the yearly mandatory payments required to support long-term commitments for items like retirement pensions and debt service related to the Capital Plan.
  • The operating budget is funded primarily based on an estimate of annual recurring revenues.

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