July Obligations Slightly Ahead of City’s Spending Projections
Through July 2021, the first month of FY2022, the City has expended $322.8 million and has encumbered an additional $169.8 million. Total obligations amounted to $492.6 million or 9.3% of the $5.269 billion FY2022 budget. Also, the top twelve departments with the largest budgets account for over $422.3 million, or 85.7 % of the total obligations in July.
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