This year’s draft 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, and rounds out four strong years delivering quality essential services, city-shaping infrastructure, enviable events calendar and greater support for small businesses.
In 2024-25, we will also return to surplus – a year ahead of schedule – due to a number of prudent financial decisions.
Cost of living has been front of mind through the development of this draft Budget as we continue to deliver core frontline services, along with free and affordable services our community relies on.
Key draft Budget 2024–25 facts
- $781 million – total draft Budget, a balance of delivering essential services for the community and investing for growth
- $571.8 million – total operating expenditure
- $101,000 surplus
- $224.7 million infrastructure investment
- $64.1 million to make our city cleaner, safer and fairer
- $49.8 million investment for open space and greening
- $26.4 million for events, activations and festivals
- $216 million borrowings
- $8 million for consultancy, supplies and other cost savings
Read the full draft Budget 2024–25 and draft Annual Plan 2024–25 below.
Consultation for both documents is open now. Have your say at Participate Melbourne before 5.30pm Monday 3 June 2024.