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On June 3, 2024, the Cambridge City Council approved the Operating and Capital budgets for fiscal year 2025 (FY25) submitted by City Manager Yi-An Huang, as well as the FY25-FY29 Operating and Capital Plans.
The adopted FY25 Operating and Capital Budgets reflect the City of Cambridge's commitment to providing exceptional City services, including supporting education, investing in critical infrastructure, and meeting the evolving needs and interests of the community. The Operating Budget of $955,584,350 marks an 8.1% increase from the previous year's budget. The Capital Budget is $74,892,720. The budget reflects significant investments related to implementing the new Cambridge Preschool Program, increased school department funding, housing and homelessness, climate initiatives, sustainability, traffic safety, and anti-racism, equity, and inclusion.
The public is encouraged to review the adopted budget document, which includes Consolidated Spending information across departments on key priority areas and budget highlights for FY25 (Section I); narratives for each department (Section V); and FY25 Capital projects (Section VI). Some of this information is also presented in an interactive dashboard that can be viewed below.
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