At the June 11, 2024, Tacoma City Council Study Session, the Long Range Financial Forecast was presented.

View the 2024-2030 Six Year Forecast presentation

2023-2024 Biennial Budget 
On November 22, 2022, the City Council spoke with a unified voice in adopting the 2023-2024 Biennial Budget. Public safety and affordable housing form the core of the budget, enhancing Tacoma's livability with innovations and investments to address these critical needs. 

2023-2024 Adopted Biennial Budget Book

Capital Facilities Plan 
In addition to the City's operating expenses, the City Council also considers allocation of resources for substantial investments. These investments, often called capital projects, are planned over a six-year horizon through a document called the Capital Facilities Plan (CFP). This document is mandated by the Growth Management Act (GMA) and shows the City's desired projects, available resources, and alignment with the Comprehensive Plan.

Review the 2021-2026 Adopted Capital Facilities Plan

For the 2025-2030 CFP, the project list is currently under consideration by the Planning Commission.

2021-2022 Budget

The 2021-2022 Budget was adopted by City Council on November 24, 2020.

​2021-2022 Adopted Budget Book​​

For more information on the 2021-2022 Budget Development process, please visit cityoftacoma.org/budgetdevelopment.

2021-2026 Capital Facilities Plan

2019-2020 Biennial Budget 

The City Council adopted the 2019-2020 Biennial Budget on November 20, 2018. The adopted budget is balanced and incorporates input provided by council members, city staff, and residents of Tacoma.

2019-2020 Adopted Budget Book 

The Adopted Budget Book incorporates changes made to the Proposed Budget.

The following video highlights some of the new programs and services included for funding in the budget as it was proposed to the City Council by the City Manager on October 2, 2018. 

2019-2024 Capital Facilities Program

The 2019-2024 Capital Facilities Program (CFP) was also adopted by Council on November 20, 2018. Recommended to the City Council by the Planning Commission after a series of public events, this document encapsulates the City's capital budget and sets forth a vision of the capital projects the City would like to undertake in the next six years. No changes were made between proposal and adoption. The updated CFP is included alongside the 2019-2020 Adopted Budget Book. This document replaces the 2017-2022 Capital Facilities Program adopted alongside the 2017-2018 Biennial budget.

Budget Development and Monitoring

The main work of the Office of Management & Budget centers on Budget Development and Monitoring. In essence, OMB coordinates the biennial budget for the City, including preparing monthly and quarterly financial reports, developing the six-year financial forecast report, and creating, in consultation with stakeholders, the proposed and adopted budget documents. In a parallel process, the Office of Management & Budget coordinates the creation of the City’s Capital Facilities Program and manages the development of the proposed and adopted capital budget.  Beyond budgetary tasks, the Office also provides analytical support to all City departments.

Below, you will find an informational video about how the City's budget works. Follow the links below the video to dig into deeper detail on the City's Financial Reports and tracking reports on budget initiatives and performance management.