City Manager Yi-An Huang Submits Proposed FY24 Budget to Cambridge City Council
On May 1, 2023, the City Manager submitted the proposed Operating and Capital Budgets for Fiscal Year 2024 (FY24), as well as the proposed FY24-FY28 Operating and Capital Plans. The Operating Budget of $881,757,885 represents an increase of $80,306,015 or 10% over the FY23 Adopted Budget. The proposed Capital Budget is $185,206,905. The public is encouraged to review the budget document, which includes Consolidated Spending information across departments on key priority areas; City Council Goals; Key Initiatives for FY24 (Section I); narratives for each Department (Section V); and FY24 Capital projects (Section VI).
There will be public hearings on the FY24 Budget at the City Council Finance Committee on Tuesday, May 9 at 9 a.m., Wednesday, May 10 at 6 p.m. (School Department), and Tuesday, May 16 at 10 a.m.