TL;DR (generated · confidence: high)

Budget & Economics is City Budget Office's core program, coordinating the City's annual and supplemental budgets, providing financial and economic analysis, and managing citywide performance efforts. FY 2026-27 proposed revenues total $3.9M from internal sources (General Fund), with personnel costs of $2.9M comprising the largest expense. The program emphasizes equity-focused budget decisions and is undergoing potential structural changes as finance functions centralize citywide.

Key points (each cites a PDF page):

FY 2026-27 proposed internal revenues: $3,913,893 (all from General Fund); external revenues now zero (vs. $152,150 in 2024-25 actuals) (p. 503 ↗)
Personnel costs: $2,928,904 (2026-27 proposed), representing 75% of total program expenses (p. 503 ↗)
External materials and services budgeted at $465,451; internal materials and services at $519,538 for 2026-27 (p. 503 ↗)
Program provides budget development and monitoring, fiscal analysis, economic forecasting, and citywide budget process coordination (p. 504 ↗)
Implements equity commitments: budget decisions evaluated to prevent disproportionate harm to communities most impacted by systemic disparities (p. 504 ↗)
Enhanced community engagement planned, targeting underrepresented groups in budget process with dedicated General Fund resources for communications and feedback collection (p. 504 ↗)
Budget and finance functions being centralized citywide; program structure may change as a result of enterprise efficiencies work (p. 504 ↗)
Comprehensive budget equity tool planned to begin in FY 2027-28 to complement ongoing equity work (p. 504 ↗)

Amounts: $3,913,893 · $2,928,904 · $465,451 · $519,538 · $3,671,901 · $4,270,433 · Programs: Budget & Economics · Budget development and monitoring · Fiscal analysis · Economic forecasting · Citywide budget process coordination · Budget equity tool · Parties: City Budget Office · City of Portland · Service Areas

Budget & Economics

Source: PDF pp. 503-504 ↗ · raw: 503 · 504

Breadcrumb: Service Area Summaries > City Operations > City Budget Office > Budget & Economics

City of Portland Fiscal Year 2026-27 Proposed Budget City Operations > City Budget Office > Budget & Economics Budget & Economics Budget Revenues by Fund 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Revenues $0 $152,150 $156,302 $0 General Fund $0 $152,150 ($1,198) $0 PDX Clean Energy Community Benefits $0 $0 $157,500 $0 Fund Internal Revenues $3,891,627 $3,439,876 $4,530,839 $3,913,893 General Fund $3,891,627 $3,439,876 $4,530,839 $3,913,893 Grand Total $3,891,627 $3,592,026 $4,687,141 $3,913,893 Program Expenses by Major Object Program expenses only include personnel, internal materials and services, external materials and services, and capital. 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Materials and $435,363 $390,110 $833,785 $465,451 Services Internal Materials and $581,094 $507,045 $470,511 $519,538 Services Personnel $2,873,657 $2,774,745 $2,966,137 $2,928,904 Grand Total $3,890,114 $3,671,901 $4,270,433 $3,913,893 Program Description and Goals Budget and Economics is CBO's primary program and constitutes the Bureau's core work. The program coordinates the development of the City's annual and supplemental budgets, provides independent and objective financial and programmatic analysis, provides economic analysis and forecasting, and is a major contributor to Citywide performance management efforts. The program's strategic goals include providing processes, analysis, and deliverables to facilitate informed decision-making and promote public awareness of and involvement with Citywide budgetary and performance information. The program aims to 503

City of Portland Fiscal Year 2026-27 Proposed Budget coordinate budget processes that allow the City to achieve its goals by maximizing the value and impact of constrained resources. CBO is committed to furthering racial and disability equity and seeks to integrate those values into every aspect of Bureau work. Services budget development and monitoring; fiscal analysis; economic forecasting; citywide budget process coordination Equity Impacts In alignment with the City's Core Values of Equity, Anti-Racism, and Fiscal Responsibility, the City has a collective responsibility to ensure that budget decisions do not disproportionately harm community members. During times of financial constraint, the City's Service Areas and bureaus are directed to prioritize funding for services that directly benefit Portlanders, including those most impacted by systemic disparities. Fiscal resiliency, climate action, equity, and the needs of the community guide budget decision-making. These efforts will be expanded through a comprehensive budget equity tool that will complement ongoing work beginning in Fiscal Year 2027–28. The program offer also dedicates ongoing General Fund resources to provide enhanced communications, resources, and connection to individuals and groups, particularly those from communities that are underrepresented in the budget process. This includes collecting qualitative and quantitative community feedback and coordinating with the City's central communications and engagement teams on budget engagement efforts. Changes to Program Along with other citywide enterprise efficiencies work, budget and finance functions are being centralized across the City. This may change the structure of this program offer. 504

Parent: City Budget Office · PDF: pp. 503-504 ↗