Budget
A budget is a plan concerning city's actions and economy. The city council decides on it annually.
Each year the city council decides on a budget. It is approved in the end of the year before a new fiscal year begins.
City strategy is a key element in planning a budget. Through the strategy and annual budgets the council members are able to have an impact on how the city functions. The budget consists of plans for both the upcoming fiscal year and the three years following it. Budget defines how resources are collected and allocated.
In other words, a budget presents us:
- the things the city is planning to use money on
- how much the plans are estimated to cost and
- how the city is financing its plans.
Budget 2024
Mayor of Vantaa, Pekka Timonen, has published her 2024 budget proposal. The mayor's budget proposal will progress to decisionmaking. The city executive board is scheduled to give its budget proposal to the city council on October 31, and the city council is to decide on the budget on November 13.
The city’s and funds’ combined operating income in the 2024 budget amounts to €343 million, while the operating costs amount to €1 032 million. Compared with the 2023 budget, the operating income will grow by 0.4% and operating costs by 4.4%. Compared to the second 2023 interim report’s annual forecast, the income will increase by 4%, and the costs by 2.3%.