Obligations Slightly Lower than City’s Spending Projections

Through the end of November, the City expended $1.603 billion and encumbered an additional $368.7 million. As a result, total obligations amounted to $1.972 billion or 41.0% of the $4.8 billion FY2021 budget. This is slightly lower than the annualized monthly spend of 41.7% and lower than what was obligated at the same time last year which was 42.3% of the budget.

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