Should Portland adopt the Budget Calendar for FY 2026-27?

WHEREAS, on October 30, 2002, City Council approved ordinance #176988, authorizing a contract with the Government Finance Officers Association (GFOA) for an assessment of the City's budget systems and processes; andWHEREAS, in July 2003, GFOA presented its Analysis and Recommendations of the Operational Review of the Budget Function; andWHEREAS, one of the recommendations included in GFOA's report was that City Council should adopt the Budget Calendar to express its commitment to the smooth and orderly development process; andWHEREAS, on October 15, 2003, City Council adopted resolution #36173 directing the City Budget Office (formerly Financial Planning Division) to annually prepare a Budget Calendar for adoption by resolution by the Council; andWHEREAS, the Council acknowledges that the City's budgeting process is iterative and dynamic, and while budget events and specific dates may change, the adoption of the Budget Calendar for FY 2025-26 formalizes the plan and approach envisioned by Council; andWHEREAS, the FY 2026-27 budget process reflects changes of the charter reform and lessons learned from the FY 2025-26 budget development process.NOW, THEREFORE, BE IT RESOLVED, that the City of Portland adopts the Budget Calendar for FY 2026-27, and the budget process outlined therein, as outlined in Exhibit A.