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DBI reports lower FY22 revenue than budget, previews FY23 budget and $267M in September major‑project filings
Summary
DBI reported FY22 actual revenue of $80.3M (budget $88.5M) and expenditures of $80.7M (budget $92.1M). For September 2022 DBI recorded five permit applications totaling an estimated $267M in valuation and an anticipated 933 housing units, including a proposed 808‑unit project at 50 Main Street.
In a financial update to the Building Inspection Commission on Oct. 19, DBI’s new Deputy Director of Finance and Administration, Alex Koskinen, presented the department’s FY22 results and the first look at the FY23 budget.
Koskinen said fiscal year 2022 closed with $80.3 million in actual revenue against an $88.5 million budget and $80.7 million in expenditures versus a $92.1 million budget. For the current fiscal year he…
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