The City of Santa Fe’s FY24 budget was unanimously approved by the Governing Body on Wednesday, May 10, 2023.
"When we released the proposed version in April, I said it was a strong and solid budget that delivers real service improvements to our residents in key areas, including housing, neighborhood livability, and environmental sustainability," said Mayor Webber. "The unanimous passage of the budget turns words into action, and continues the great work of delivering outstanding services to the people of Santa Fe, supporting our employees, who deliver those services, and safeguarding our city’s livability and sustainability for future generations—the future residents whom we all ultimately serve.”
The FY24 budget continues to focus on sustaining innovation while emphasizing fiscal responsibility, and includes significant investments to rebuild Santa Fe’s infrastructure; better maintain and improve Santa Fe parks and open spaces; increase housing options in Santa Fe, especially affordable and workforce housing; position Santa Fe to continue leading the fight against climate change; and modernize the way City government works and reinvest in the City workforce.
The budget includes funds to provide a 3% salary increase for City employees who make less than $100,000 a year, and a 1% salary increase for City employees who make $100,000 or more. These salary increases build on the 8% across the board salary increase provided for in FY23. The increases are subject to the collective bargaining processes of the City’s three unions.
The City’s FY24 budget is $403.4 million.