Draft Annual Plan and draft Budget 2024–25 open for consultation

May 15, 2024

The City of Melbourne’s $781 million Budget 2024–25 is about doing what counts and delivering on our promises to the community, while strengthening our financial future.

Our Budget, together with our Annual Plan, sets out the priorities and investments we will deliver for Melburnians in the final year of our Council Plan 2021–25. Consultation is now open so have your say before 5.30pm 3 June 2024.

It rounds out four strong years delivering quality essential services, city-shaping infrastructure, an enviable events calendar to bring people into the city, and greater support for small businesses, as we revitalise Melbourne after the challenges of the pandemic.

In 2024–25, we will return to surplus – a year ahead of schedule – due to prudent financial decisions. Importantly, we’ll do this and maintain a high level of service to the community.

Key highlights include:

  • Total Budget: $781 million
  • Total operating expenditure: $571.8 million
  • Surplus: $101,000
  • Investment in infrastructure: $224.7 million
  • Investment in cleaning, safety and fairness: $64.1 million
  • Investment in open space and greening: $49.8 million
  • Investment in events and activations: $26.4 million
  • Borrowings: $216 million
  • Consultancy, supplies and other cost savings: $8 million
Melbourne city scape