Obligations Lower than PICA’s Spending Projections


Through February of FY2023, the City has expended $3,013.5 billion and encumbered an additional $390.6 million, resulting in total obligations of $3.404 billion. This total is approximately $355.3 million, or 11.7 percent more than in FY2022. It also represents 58.3 percent of the total FY2023 approved budget, slightly lower than PICA’s projection of 66.7 percent.

For the full report click HERE

For past reports click HERE