Fiscal Year 2024
The $4.28 billion FY 2024 Operating Budget and $4.2 billion FY 2024-2028 Capital Plan build on a strong and stable financial foundation and make new investments in priority areas alongside sustained investments designed to deliver the more equitable, vibrant, and resilient City our residents deserve.
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 FY24 Operating Budget and FY24-FY28 Capital Plan are supported by $551.7 million in federal American Rescue Plan Act (ARPA) funds. To learn more about transformative ARPA investments, visit the Federal Funds page.
Mayor Wu's Message About the FY24 Budget
Listen to the Mayor's message about the budget.
FY24 Transformative Investments
Learn about exciting new initiatives in the FY24 Budget.
FY24 Funding Sources
Learn more about how general fund revenue, capital revenue, and federal funds support the FY24 Budget.
FY24 Operating Budget
- The FY24 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 $4.28 billion FY24 Operating Budget is balanced and sustainable, and places equity at the center of all decisions. It focuses on our core values of Connecting Communities, Delivering City Services, and Setting a Foundation for our Future.
Operating Budget by Category
The majority of the operating budget (57%) is allocated to Education and Public Safety expenses.
FY24-28 Capital Plan
Capital Budget Expenditures by Category
This pie chart illustrates the investment allocation by category for all projects included in the FY24-28 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 $4.17 billion FY24-28 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 FY24 budget.