Participatory budgets are a practice of citizen participation implemented in several countries. In Chile, Law No. 20,500 on Associations and Citizen Participation in Public Management empowers municipalities to implement participatory budgets. In the case of Valdivia, Chile, the municipality has promoted the "Valdivia Elige" initiative, which seeks to involve the community in prioritizing investment projects funded with municipal resources. To achieve this, it focuses on criteria such as transparency, inclusion, and diversity. It offers citizens project options based on historical demands, equity in public investment, and other factors. The document analyzes the two versions of "Valdivia Elige," highlighting differences in its methodology, its national importance, challenges faced, measures implemented, and lessons learned in the process. The initiative aims to empower citizens and promote their participation in decision-making and budget definition at the municipal level.