Fiscal Year 2022-2023 Midcycle Budget

Every two years the City goes through a planning process between January and June to determine the budget for the next two fiscal years.

Our Goal: A Balanced Budget

Budget Balance Illustration

The budget is our plan for how we will spend City money on services that support our community.

We are required by law to produce a balanced budget that ensures our "revenues" (the amount of money the City brings in) are equal to or greater than our "expenditures" (the amount of money the City spends to deliver essential services). While other cities and government agencies have different cycles, Oakland approves a budget every two fiscal years. . A Mid-cycle update to the Biennial Budget must be adopted by June 30 of the first year of the Budget when City Council affirms the second year of the budget. The budget currently under consideration is the Mid-cycle Budget that runs from July 1, 2022 through June 30, 2023.