The City of Sydney will invest more than AU$1 billion investment in infrastructure, services, and city-shaping projects over the next 12 months to support its 242,000 residents.
The 2026/27 budget allocates AU$671 million to operational expenditure, funding essential public cleaning, local business support, and the maintenance of roads, parks, and waste services.
A further AU$265 million is earmarked for capital works, including $170 million dedicated strictly to asset renewal.
This annual spend forms part of a broader AU$2.3 billion, 10-year plan designed by the local council to ensure the harbour city remains vibrant, sustainable, and accessible.
Lord Mayor Clover Moore AO said prudent financial planning had placed the City of Sydney in a strong position to deliver lasting benefits for current and future generations.
“Now we want to invest those funds to strengthen Sydney’s international reputation as a leading global city – renowned for its lifestyle, economy, tourism, sustainability, open space and cultural life,” the Lord Mayor said.
Key allocations for the upcoming financial year focus heavily on active transport and green spaces. The city will spend AU$90 million on resource recovery and street cleaning, alongside several major bike network upgrades, including a AU$3.5 million cycleway along Ultimo Road and Darling Drive.
Parks and community facilities will receive a AU$54 million boost, featuring AU$3.9 million for lighting improvements across Hyde Park and AU$4.2 million for Surry Hills’ Ward Park.
Cultural and creative sectors are also major winners, with over AU$23 million in community cash grants and AU$13 million dedicated to iconic events such as Sydney New Year’s Eve, Christmas, and the Lunar Festival.
Looking further ahead, the council’s five-year pipeline features transformative civic projects. These include AU$150 million to construct a new square at Town Hall, a AU$78 million sports precinct on Mandible Street, and AU$46.8 million to renew Wentworth Park once it is officially handed over by the NSW state government.
