City of Melbourne has released its draft Budget 2025-26 with investment into major arts and cultural events, including Melbourne Fashion Week, Melbourne International Comedy Festival, and funding for the return of both Firelight Festival and Now or Never in 2025.
A total of $26 million will go towards delivering more than 80 events, from New Year’s Eve to sporting shows and food festivals. Melbourne International Comedy Festival will be backed with $130,000 for its 40th anniversary.