FY25 Submitted Budget

On April 29, 2024, Cambridge City Manager Yi-An Huang submitted the proposed Operating and Capital budgets for fiscal year 2025 (FY25), as well as the FY25-FY29 Operating and Capital Plans to the Cambridge City Council.

The submitted 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 proposed 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 submitted 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.

There will be public hearings on the FY25 Budget at the City Council Finance Committee on Tuesday, May 7 at 9 a.m., Wednesday, May 8 at 6 p.m. (School Department), and Tuesday, May 14 at 9 a.m. The anticipated budget adoption date is Monday, June 3, 2024.

Download budget book PDFs