TL;DR (generated · confidence: high)

The North Macadam URA Debt Redemption Fund undergoes major restructuring in FY 2026-27, with total expenses declining 85% from $29.3M to $4.4M. Debt service drops completely from $25.7M to $0, and expense focus shifts to bureau operations. All reserves are projected to be exhausted by year-end.

Key points (each cites a PDF page):

2026-27 proposed expense of $4,400,000, a reduction of 85% from $29,325,000 in 2025-26 revised budget (p. 1035 ↗)
Debt service expense eliminated entirely: drops from $25,667,502 in 2025-26 to $0 in 2026-27 (p. 1035 ↗)
Expense classification shifts from fund debt service to bureau operations: $4,400,000 allocated to bureau in 2026-27 (p. 1035 ↗)
All reserves depleted: ending fund balance of $0 projected for 2026-27, down from $2,062,082 in prior year (p. 1035 ↗)
Revenue structure becomes heavily reliant on fund balance draw-down: $4,000,000 from beginning balance versus $400,000 in external revenues (p. 1035 ↗)

Amounts: $4,400,000 · $29,325,000 · $25,667,502 · $4,000,000 · $400,000 · $28,048,953 · $28,725,000 · Programs: North Macadam URA Debt Redemption · Urban Renewal Area debt service · Parties: City Administrator

North Macadam URA Debt Redemption Fund

Source: PDF p. 1035 ↗ · raw: 1035

Breadcrumb: Fund Summaries > City Administrator. . > North Macadam URA Debt Redemption Fund

City of Portland Fiscal Year 2026-27 Proposed Budget City Administrator> North Macadam URA Debt Redemption Fund North Macadam URA Debt Redemption Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $30,433,235 $29,257,662 $29,325,000 $4,400,000 Bureau Expense $0 $0 $0 $4,400,000 Fund Expense $28,371,153 $26,873,379 $29,325,000 $0 Debt Service $28,371,153 $26,873,379 $25,667,502 $0 Debt Service $0 $0 $3,657,498 $0 Reserves Unappropriated $2,062,082 $2,384,283 $0 $0 Ending Fund Balance $2,062,082 $2,384,283 $0 $0 Revenue $30,433,236 $29,257,659 $29,325,000 $4,400,000 External Revenues $28,048,953 $26,071,924 $28,725,000 $400,000 Miscellaneous $548,169 $435,449 $100,000 $200,000 Taxes $27,500,784 $25,636,475 $28,625,000 $200,000 Internal Revenues $2,384,283 $3,185,735 $600,000 $4,000,000 Beginning Fund $2,384,283 $3,185,735 $600,000 $4,000,000 Balance Fund Overview Managing Agency Significant Changes from Prior Year 1035

Parent: City Administrator. . · PDF: p. 1035 ↗