Budget 

City of Key West Budget Overview

The Budget Division of the Finance Department is responsible for managing the City's financial resources and ensuring effective oversight of all programs and projects.  This includes preparing and executing the Annual City Budget and the 5-Year Capital Improvements Program.  The City's fiscal year runs from October 1 through September 30, in accordance with Florida law.  The budget is developed collaboratively by City staff and the City Manager, who review department proposals, estimate revenues, and prepare the plan for City Commission review during public workshops and hearings.  All requirements under Florida Statutes, including Truth in Millage (TRIM), are followed, and the adopted budget is published for public access.

The department also safeguards taxpayer funds by monitoring departmental budgets, ensuring staffing and salary requests remain within approved levels, reviewing capital expenditure requests, and assessing City Commission agenda items for financial impact.

Throughout the fiscal year, the City monitors budget performance to ensure resources remain aligned with strategic goals and service delivery needs.  When necessary, the City Commission may consider adjustments to respond to emerging priorities, economic conditions, or operational requirements, while maintaining a balanced budget as required by state law.