City Council Adopts Balanced Budget for FY 2023 – 2025 with Priority Restorations and Investments

June 28, 2023 2:38 PM

SANTA MONICA, Calif. – Last night, the Santa Monica City Council unanimously adopted a balanced biennial budget for Fiscal Years 2023-2025. The budget reflects the most substantial restoration of services since 2020, and builds on the work done in recent years to help respond to and recover from the COVID-19 emergency as well as make strategic investments to advance priority areas Council identified at its workshop on March 11, 2023, which include 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.

“As we continue to recover from the pandemic, the approval of the Biennial Budget adds to the City’s momentum and focuses our next two years,” says Santa Monica Mayor Gleam Davis. “I’m looking forward to the expansion of our beloved programs and ask for the community’s support as enhancements become implemented to address what’s most important to our residents.”

The overall FY 2023-25 Proposed Biennial Budget is approximately $745.0 million in FY 2023-24 and $750.6 million in FY 2024-25, net of reimbursements and transfers. This is a difference of $4.2 million and $4.1 million, respectively, from what was presented at the Budget Study Session in May 2023.

The final budget reflects Council priorities and direction and utilizes new revenues from Measure CS adopted by voters in November 2022, including:

The Adopted Biennial Budget will be posted to

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