The $851 million Budget commits to delivering essential services for our community today and investing for future growth.

We’re committing $60.9 million to make sure our city is cleaner, safer, fairer and more welcoming than ever.

This year’s budget delivers more initiatives than ever:

Key highlights:
  • Total Budget: $851 million
  • Total operating expenditure: $583.3 million
  • Deficit: $17.1 million
  • Return to surplus: 2025-26
  • Investment in infrastructure: $254.4 million
  • Investment in cleaning, safety and fairness: $60.9 million
  • Investment in events, festivals and activations: $28.2 million

We thank all those who contributed feedback on the Budget 2023-24 and Annual Plan.

Feedback was presented to a special Future Melbourne Committee on 27 June. Watch the recording and read the resolutions.

Read the Budget

An accessible version of this document will be available shortly.

Timeline

  • Timeline item 1 - complete

    Future Melbourne Committee

    Draft Annual Plan and Budget 2023–24 and updates to Council Plan 202125 presented to FMC.

    Tuesday 16 May, 6pm

  • Timeline item 2 - complete

    Community engagement

    Release of draft Annual Plan and Budget 2023–24 and updates to Council Plan 2021–25.

    16 May to midnight 8 June

  • Timeline item 3 - complete

    Special Future Melbourne Committee

    Special meeting to hear and consider community feedback.

    Tuesday 20 June, 5.30pm

  • Timeline item 4 - complete

    Council meeting

    Annual Plan and Budget 2023–24, and updates to Council Plan 2021–25 endorsed by Council.

    Tuesday 27 June, 5.30pm

Budget overview

Learn more about what was proposed for this year's Budget.

Document library

An accessible version of this document will be available shortly.

Contact us

Have questions or want to learn more.