The City’s budget has two major components—operating funds, which cover the everyday activities and services of the government, and capital funds, which cover the large and long-term infrastructure projects of the City. The Bureau of Budget and Management Research (BBMR) oversees the City’s operating budget, managing the budget process—providing analysis and recommendations to the Mayor—and operating expenditures–overseeing each agencies spending to help maintain a balanced budget. The Department of Planning oversees the City’s capital budget, preparing an annual six-year plan of capital projects based on agency requests that is reviewed by the Planning Commission. You can learn more about the capital budget here.
The Fiscal 2021 budget is $3.87 billion, with $3.05 billion in operating and $823 million in capital funds.