The Budget Division develops and monitors the City's multi-year operating budget, and supports the City's financial strength and transparency by preparing the five year financial forecast and six-month financial status updates, developing and implementing budget policies, systems and procedures; and providing budgetary guidance and support to City departments.
- On June 27, 2023, the City Council unanimously adopted a balanced biennial budget for FY 2023–25 focused on community priorities of a safe and clean Santa Monica, addressing homelessness, and an equitable and inclusive economic recovery. Adoption of the Biennial Budget comes as Santa Monica emerges from the COVID-19 pandemic and cultivates a revitalized local economy that reflects and serves our diverse community. The adopted budget is $745 million in FY 2023-24 and $750.6 million in FY 2024-25. Learn more