Revenues: Oregon up, Portland down
Although the Oregon Legislature is expected to have more money to spend next year, the Portland City Council currently is faced with making cuts in its next budget.
Earlier this week, Oregon Gov. Kate Brown unveiled a proposed budget with an 8% increase for the fiscal year that will start July 1, 2021. Brown proposed a $25.6 billion budget on Dec. 1, compared to the previous $23.7 billion budget approved by the Oregon Legislature.
But even though the City Budget Office has not released a final revenue forecast for the coming fiscal year, Mayor Ted Wheeler believes the next bureau will require cuts.
"We don't have the final forecast. We're looking at requesting between 5% to 10% reductions in general fund to address declining revenues and increased expenses in essential services. The mayor's budget guidance should be out in the next week or so," a Mayor's Office official told the Portland Tribune.
Wheeler will submit his proposed fiscal year 2021-22 budget this spring. The final version will be approved by June.
You can find a Portland Tribune story on Brown's proposed budget here.
You count on us to stay informed and we depend on you to fund our efforts. Quality local journalism takes time and money. Please support us to protect the future of community journalism.