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AGENCY TESTIMONY
Department of Finance budget overview for fiscal year 2025
2:59:01
ยท
36 sec
Commissioner Niblack provides an overview of the Department of Finance's budget for the fiscal year 2025. He explains the increase from the previous year and outlines the allocation of funds.
- FY 2025 budget is $347,100,000, an increase of $6,100,000 from FY 2024
- Increase largely due to implementation of collective bargaining increases
- Budget includes $191,100,000 in personal services funding to support 1,983 authorized positions
Preston Niblack
2:59:01
Turning briefly to our budget for the coming year, the department's fiscal year 2025 budget is $347,100,000, up $6,100,000 from the adopted fiscal year 2024 budget.
2:59:14
This increase is largely due to the implementation of collective bargaining increases.
2:59:19
The budget includes a $191,100,000 in personal services funding to support the authorized headcount of 1,983.
2:59:29
This year's proposed budget will allow us to continue the great work the entire DAF team has been doing, as well as to take on new initiatives led by this Administration.