Fiscal Year 2023
The $3.99 billion FY23 Operating Budget and $3.6 billion FY23-FY27 Capital Plan provide resources for getting the big things done by doing the small things right, getting City Hall out of City Hall, and expanding the possible. Boston is in an unprecedented moment, and this budget lays the foundation to make transformative, generational changes.
This fiscally responsible budget will ensure the City is prepared for economic uncertainties, while maintaining a well-resourced government that is prepared to respond to the needs of Boston.
The FY23 Operating Budget and FY23-FY27 Capital Plan are supported by $350 million in federal American Rescue Plan Act (ARPA) funds. To learn more about transformative ARPA investments, visit the Federal Funds page.
FY23 Operating Budget
- The FY23 Operating Budget covers day-to-day expenses for the City, including people like teachers, police officers, and firefighters and services like housing, recycling, and transportation.
- The $3.99 billion FY23 Operating Budget is balanced and sustainable, and places equity at the center of all decisions. It creates generational change by investing in our people, our neighborhoods, and our services.
Operating Budget by Category
The majority of the operating budget (57%) is allocated to Education and Public Safety expenses.
FY23-27 Capital Plan
Capital Budget Expenditures by Category
This pie chart illustrates the investment allocation by category for all projects included in the FY23-27 Capital Plan. Percentages are based on capital funding sources only.
- The Capital Plan is how the City makes critical improvements to the City's infrastructure and facilities like schools, libraries, parks, fire and police stations, roads, bridges, and civic spaces.
- The $3.6 billion FY23-27 Capital Plan will maintain and build the cherished public spaces of Boston, including schools, open spaces, community centers, streets, and bridges. It is the City’s plan to make critical investments in the City’s infrastructure like schools, roads, bridges, bike lanes, libraries, and more. This year’s plan includes new infrastructure funds supporting affordable housing, revitalized parks, multi-modal transportation improvements, school improvements across Boston, and climate resilience.
Learn more about the budget
The operating budget covers the day-to-day expenses required to deliver services to residents. These costs return year after year and include items like staff wages, office supplies and utilities.
The capital budget is used for long-term investments, like infrastructure and facilities, that are paid off over time. Road repairs, machinery, and maintenance of water treatment plants are all capital expenses.
Learn about specific funding and initiatives supported by the FY23 budget.