What is Portland deciding about city Council convenes as Prosper Portland Budget Committee to approve the FY 2025-26 Budget?

Council is convened as the Prosper Portland Budget Committee to approve FY 2025-26 Budget Message. Requested amendments to the Proposed Budget, approval of amendments may be introduced and voted on prior to a final budget approval.

The reviewed sources do not clearly identify every existing policy, service, contract, or obligation that would remain unchanged.

This proposal concerns budget, taxes & finance and requires action through Portland’s public legislative process.

Prosper Portland’s FY 2025‐26 Proposed Budget supports interventions and investments in furtherance of Advance Portland: A Call to Action for Inclusive Economic Growth. The proposed budget will help Portland’s small businesses, traded sector industries and Central City and neighborhood commercial districts to stabilize and grow – through community‐driven, equity‐centered programs like IBRN, Mercatus, My Peoples Market, Portland Means Progress, TIF district action plans, small business grants and loans, and the Neighborhood Prosperity Network. Recognizing the critical need to strengthen diverse small businesses, the budget includes resources for workforce training and development, business growth and expansion; helping industry partners to deploy innovative green products and services; and igniting major events to drive foot traffic and tourism. The FY 2025-26 Proposed Budget also continues to incorporate ongoing Reimagine Oregon and Inclusive Business Resource network funding from the Recreational Cannabis Tax fund. Prosper Portland staff reviewed the FY 2025‐26 Draft Budget with its 15‐member Community Budget Committee (CBC), which met four times over the course of the budget cycle and whose members represent a diverse array of geographic, industry‐sector, and community stakeholders. The Prosper Portland Board held a work session on January 30 to review General Fund programming, General Fund recommend cuts, and TIF district spending plans that were incorporated into the Requested Budget. The Requested Budget became part of the overall Requested Budget submitted by the Community Development Service group with the budgets for the Bureau of Planning and Sustainability, Portland Housing Bureau, and Bureau of Development Services. Staff also reviewed specific TIF district Requested Budgets with community and neighborhood organizations to receive input. The CBC letter and a summary of TIF district budget outreach will be included in the Budget Process section of the Proposed Budget.