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Office of Management and Budget

About the Office

The Office of Management & Budget (OMB) assists the City by providing fiscal planning, analysis, and management services to enable the City organization to deliver effective and efficient services. OMB provides oversight and management of the City’s budget with a focus on communication, accuracy and transparency. The office also coordinates the preparation of the City’s Operating Budget and Capital Facilities Plan as well as develop and compile performance measurement information.

 

Budget Development and Monitoring

The main work of the Office of Management & Budget centers on Budget Development and Monitoring. 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.

  

City Council Adopts 2023-2024 Biennial Budget on November 22, 2022

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.

 

In the adopted budget, there are zero budget cuts in public safety, affordable housing and homelessness programs, and instead the City focuses additional resources and innovations to these critical areas. The budget enhances livability, reaffirms the City’s dedication to anti-racist systems transformation, adds resources for health and safety, and represents a unified Council vision for the biennium.

“We must continue to work together to leverage our unique community and innovative partnerships to bring new possibilities to Tacoma, and achieve our Destiny as the safest, most livable city in the nation,” Mayor Victoria Woodards said.

 

View the Adopted 2023-2024 Biennial Budget Book

 

To learn more about the process, visit the 2023-24 Biennial Budget Development web page or for more about the adopted budget, read the news release

Follow the links below to dig into deeper detail on the City's Financial Reports and tracking reports on budget initiatives and performance management.

  

Monthly Financial Dashboard

 

Contact Us

 

2023-2028 Six Year Forecast

At the June 7, 2022, Tacoma City Council Study Session, the Long Range Financial Forecast was presented.

 

View the presentation and read about the 2023-2028 Six Year Forecast.

 

Budget Adoption Documents

 

2021-2022 Budget

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 Budget

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.



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