Home Must Reads Mayor Sam Adams releases Portland budget

Mayor Sam Adams releases Portland budget

| Print |  Email
Must Reads
Friday, May 04, 2012
Portland Mayor Sam Adams released his proposed budget for the next fiscal year.

The total general fund, discretionary budget is around $400 million. It reduces general fund spending by $14.7 million. The proposed budget does not tap into the city's reserves, however, something Adams says would have threatened the AAA bond rating that keeps interest rates low on bond sales.
Adams says the cuts are required because of the lingering recession that has reduced property tax, business license and other general fund collections. Adams says the cuts are not as steep as they might have been because the City Council has reduced spending since the recession began in 2008.
In a last-minute decision, Adams is proposing to give $7.5 million to school districts within the city limits to help offset proposed budget cuts, including $5 million to the Portland Public Schools. Of that amount, $7 million comes from the general fund and $500,000 from other sources.

Read more at The Portland Tribune.

{biztweet}portland budget{/biztweet}

 

More Articles

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS