FY24 Budget in Brief
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The City of St. Petersburg approved its Fiscal Year 2024 budget on September 14, 2023, with a second public hearing scheduled for September 28, 2023, to allow for final adoption. The budget was developed through community input, including a mayoral budget open house and City Hall on Tour meetings, and is organized around five Pillars for Progress: Housing Opportunities for All; Environment, Infrastructure and Resilience; Equitable Development, Arts and Business Opportunities; Education and Youth Opportunities; and Neighborhood Health and Safety. The fiscal year runs from October 1st through September 30th, and the full budget details are available online at www.stpete.org.
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The City of St. Petersburg's Fiscal Year 2026 Recommended Budget, submitted by Mayor Kenneth T. Welch on July 15, 2025, prioritizes resource allocation across five strategic pillars: Housing Opportunities for All, Environment/Infrastructure/Resilience, Equitable Development/Arts/Business, Education/Youth, and Neighborhood Health/Safety. The budget emphasizes fiscal stewardship while advancing ongoing initiatives including the Housing Opportunities for All Plan, which has completed or is processing 2,617 of 3,200 targeted multi-family rental units, 189 of planned accessory dwelling units, and 196 of 150 targeted single-family affordable homes. Resilience remains a heightened priority following recent storm seasons, with the budget guided by six principles of accountable and responsive governance including inclusive governance, informed decision-making, and intentional equity.
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