TL;DR (generated · confidence: high)

The Convention and Tourism Fund, managed by the Revenue Division, is financed by a 1% transient lodging tax on hotels, motels, bed-and-breakfasts, and short-term rentals, supplemented by a 2% Portland Tourism Improvement District assessment created in 2012. The City contracts with Travel Portland for promotion and convention procurement. FY 2026-27 projected expenses are $23.4M with no significant changes from the prior year.

Key points (each cites a PDF page):

Revenue source: 1% transient lodging tax on short-term accommodations plus 2% Tourism Improvement District assessment (p. 1019 ↗)
FY 2026-27 Proposed total expenses: $23,448,958 (Bureau: $23,423,958; Fund operations: $25,000) (p. 1019 ↗)
FY 2026-27 External Revenues: $23,448,958 (transient lodging tax $23,356,958; miscellaneous $92,000) (p. 1019 ↗)
Beginning Fund Balance for FY 2026-27: $0 (prior year balance fully appropriated) (p. 1019 ↗)
Portland Tourism Improvement District established 2012 to enhance Portland's competitiveness as meetings and conventions destination (p. 1019 ↗)
City contracts with Travel Portland for convention business promotion and tourism procurement (p. 1019 ↗)
No significant changes in FY 2026-27 compared to prior year (p. 1020 ↗)

Amounts: $23,448,958 · $23,423,958 · $23,356,958 · $92,000 · $25,000 · 1% · 2% · Programs: Convention and Tourism Fund · Portland Tourism Improvement District (TID) · Travel Portland contract · Parties: City Administrator · Revenue Division · Travel Portland

Convention and Tourism Fund

Source: PDF pp. 1019-1020 ↗ · raw: 1019 · 1020

Breadcrumb: Fund Summaries > City Administrator. . > Convention and Tourism Fund

City of Portland Fiscal Year 2026-27 Proposed Budget City Administrator> Convention and Tourism Fund Convention and Tourism Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $23,815,773 $24,202,721 $23,432,000 $23,448,958 Bureau Expense $23,636,071 $23,566,632 $23,407,000 $23,423,958 Fund Expense $25,000 $25,000 $25,000 $25,000 Fund Transfers - $25,000 $25,000 $25,000 $25,000 Expense Unappropriated $154,702 $611,089 $0 $0 Ending Fund Balance $154,702 $611,089 $0 $0 Revenue $23,815,773 $24,202,722 $23,432,000 $23,448,958 External Revenues $23,204,684 $23,681,267 $23,432,000 $23,448,958 Miscellaneous $119,125 $96,719 $82,000 $92,000 Taxes $23,085,559 $23,584,547 $23,350,000 $23,356,958 Internal Revenues $611,089 $521,455 $0 $0 Beginning Fund $611,089 $521,455 $0 $0 Balance Fund Overview The Convention and Tourism Fund receives revenues from a 1% transient lodging tax assessed on guests at short-term (transient) lodging locations, including hotels, motels, bed and breakfast establishments, and private homes within the city. Expenditures from this fund are authorized for the promotion and procurement of convention business and tourism as established by City Charter. The City currently contracts with Travel Portland for these services. In 2012, Council created a Portland Tourism Improvement District (TID). The TID was established to enhance the promotion of Portland as a preferred destination for meetings, conventions, and leisure travel. The 2% district assessment keeps Portland’s lodging industry competitive with other cities. Managing Agency The Revenue Division manages the Convention and Tourism Fund, administers the collection of the tax and assessment, and charges the fund an administrative fee for services. Significant Changes from Prior Year 1019

City of Portland Fiscal Year 2026-27 Proposed Budget There were no significant changes in FY 2026-27. 1020

Parent: City Administrator. . · PDF: pp. 1019-1020 ↗