Adopted Budget

The Adopted Budget for Fiscal Year (FY) 2024 was presented to City Council on September 14, 2023. The Budget Document serves as a policy document, a financial plan, an operations guide and a communications device for the City.

View FY 2024 Adopted Budget (PDF)

It is the foundation for our allocation of resources toward service delivery plans providing:

  • quality services
  • targeted investments
  • continued improvements

The Total City Budget

The FY 2024 Adopted Budget is $3.7 Billion and is comprised of three parts:

Total Pie Chart
  • A
    General Fund: $1.6 Billion
  • B
    Restricted Funds: $1.3 Billion
  • C
    Capital Budget: $798 Million

The General Fund Budget

Where Does the Money Come From?

The City’s largest operating fund is the General Fund, with a $1.6 Billion Adopted Budget in FY 2024.

From Pie Chart
  • A
    Current Property Tax: $465.9 Million
  • B
    CPS Energy: $421.0 Million
  • C
    City Sales Tax: $411.6 Million
  • D
    ARPA: $4.4 Million
  • E
    Other: $299.6 Million

Where Does the City Spend the Money?

Spend Pie Chart
  • A
    Public Safety: $967.1 Million
  • B
    Streets & Infrastructure: $126.4 Million
  • C
    Parks & Recreation: $68.6 Million
  • D
    Other: $440.3 Million

NOTE: Public Safety includes Fire, Police and Parks Police.

Quarterly Reports

Budget and Financial Status Reports are created quarterly to keep City Council and residents informed. It focuses on the financial and operational performance and provides updated estimates on revenues and expenditures for the remainder of the fiscal year.

The City’s financial management practices and policies include: 

  • General Fund budgeted financial reserves
  • comprehensive long-term financial planning
  • financial reporting and monitoring, a two-year balanced budget approach guided by “structural balance”
  • the mid-year budget adjustment
  • contingency planning

View Quarterly Reports

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