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Fund Summaries > Citywide -- 10 pages · pp. 1000-1009 ↗

Intro from p. 1000 ↗

City of Portland Fiscal Year 2026-27 Proposed Budget Citywide Funds 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Citywide Obligations $66,754,806 $44,262,739 $64,242,741 $67,416,968 Reserve Fund General Fund $1,082,796,760 $1,046,375,776 $1,138,683,013 $1,179,119,189 General Reserve Fund $78,054,357 $79,892,771 $90,329,528 $93,218,831 Grants Fund $175,997,759 $170,112,761 $254,759,155 $151,705,396 Recreational Marijuana Tax $11,837,183 $13,828,000 $8,827,817 $6,706,570 Fund Grand Total $1,415,440,866 $1,354,472,046 $1,556,842,254 $1,498,166,954 1000

Contents

Section PDF pages Description
[doc] Citywide Obligations Reserve Fund pp. 1001-1002 ↗ The Citywide Obligations Reserve Fund (CORF), established in December 2019, is a multi-bureau mechanism supporting citywide financial management, long-term planning, and risk mitigation. The 2026-27 proposed budget totals $67.4M in expenses with a $44.4M beginning balance. Key changes include eliminating the Police Oversight Board set-aside, transferring $7M from Portland Harbor reserves to the General Fund, and reallocating $700K from Fire Wellness Fund underspending.
[doc] General Fund pp. 1003-1004 ↗ The General Fund is Portland's primary operating fund supporting core services (police, fire, parks, community development) with proposed FY 2026-27 expense of $1.18B. Funding comes primarily from property and transient lodging taxes ($391.5M), business license fees, and state shared revenues. The budget faces a $35.6M deficit in ongoing discretionary resources and $15.1M in one-time resources, driven by Business License Tax declines from Federal policy changes and declining downtown commercial property values.
[doc] General Reserve Fund pp. 1005-1006 ↗ The General Reserve Fund, established in 1987-88, maintains a Council-adopted policy minimum of 10% of General Fund resources (split 5% emergency, 5% counter-cyclical). The 2026-27 proposed budget shows total expenses of $93.2M with $86.2M reserved for future expenditure, a beginning fund balance of $83.4M, and contingency reserves of $1.7M—a significant decline from the $81.2M contingency in the revised 2025-26 budget.
[doc] Grants Fund p. 1007 ↗ Citywide> Grants Fund Grants Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $175,997,759 $170,112,761 $254,759,155 $151,705,396 Bureau Expense $175,997,759 $170,112,761 $254,759,155…
[doc] Recreational Cannabis Tax Fund pp. 1008-1009 ↗ The Recreational Cannabis Tax Fund receives revenues from a 3% tax on recreational cannabis sales, established by Resolution 37217. FY 2026-27 proposes $6.7M in expenses, declining 13% due to continued revenue declines. The fund supports purposes in City Code Section 6.07.145 and administration costs, with revenues restricted from transfer to the General Fund. The Mayor's budget maintains Prosper Portland allocation, increases Public Safety funding for Portland Street Response, and eliminates allocations for PBOT, Office of Public Works, and Housing Bureau's Multnomah County passthrough.

See also