City Council Weighs in on 2023-2025 Proposed Biennial Budget

May 25, 2023 3:26 PM

SANTA MONICA, Calif. – This week, the Santa Monica City Council held a study session to review the FY 2023-25 Proposed Biennial Budget, including the FY 2023-24 Proposed Exception-Based Capital Improvement Program (CIP) Budget. The Council’s feedback aligned with the five priorities it identified during its March 11, 2023, Council workshop: Addressing Homelessness; Clean and Safe Santa Monica; Cultivate Economic Recovery and Expand Community and Cultural Offerings; Racial Justice, Equity, and Social Diversity; and Sustainable and Connected Community. This direction from Council will be incorporated into the Final FY 2023-25 Biennial Budget, which will return to Council for adoption at its June 27, 2023, meeting. Council comments expressed support for the proposed enhancements, including:

The Budget provides a plan, built upon priorities, to continue to rebuild and restore services notwithstanding economic uncertainty and disruption coming from geopolitical unrest, consumer behavior changes, inflation, labor shortages, and the trailing impacts of the pandemic.

Despite these challenges, the City has weathered financial blows over the past three years from the pandemic and has closure on the resolution of significant legal liabilities. The Proposed Budget reflects ongoing enhancements as the City continues its recovery. New revenue sources are identified from voter approved measures, public and private partnerships, rate adjustments, reallocated funding, and successful grant applications.

The total proposed budget for the City is $740.9 million in FY 2023-24 and $746.4 million in FY 2024-25. The proposed budget is prepared alongside five-year forecasts for all funds to ensure the long-term fiscal viability of proposed programs and services. At the Budget Study Session, Council also provided direction to:

The proposed budget is available at

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