TL;DR (generated · confidence: high)

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.

Key points (each cites a PDF page):

2026-27 Proposed expense of $6,706,570, down from $8,827,817 in 2025-26 (13% reduction due to declining tax revenue) (p. 1009 ↗)
External revenues for 2026-27 are $4,660,194, derived from a 3% tax on recreational cannabis sales (p. 1008 ↗)
Fund established by Resolution 37217; managed by City Budget Office; revenues restricted to City Code Section 6.07.145 purposes (p. 1008 ↗)
Mayor's proposed budget maintains Prosper Portland allocation and increases Public Safety funding for Portland Street Response (p. 1009 ↗)
Ongoing allocations eliminated for PBOT, Office of Public Works, and Housing Bureau's passthrough to Multnomah County (p. 1009 ↗)
Beginning Fund Balance for 2026-27 is $2,046,376 (p. 1008 ↗)
Revenues cannot be transferred to General Fund or other city funds except for specified purposes (p. 1008 ↗)

Amounts: $6,706,570 · $4,660,194 · $2,046,376 · $8,827,817 · $11,837,183 · 3% · 13% · Programs: Portland Street Response · Prosper Portland · Parties: City Budget Office · PBOT · Office of Public Works · Housing Bureau

Recreational Cannabis Tax Fund

Source: PDF pp. 1008-1009 ↗ · raw: 1008 · 1009

Breadcrumb: Fund Summaries > Citywide > Recreational Cannabis Tax Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Citywide> Recreational Cannabis Tax Fund Recreational Cannabis Tax Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $11,837,183 $13,828,000 $8,827,817 $6,706,570 Bureau Expense $3,945,349 $8,430,366 $5,254,647 $4,660,194 Fund Expense $4,442,412 $0 $3,573,170 $2,046,376 Contingency $0 $0 $2,723,170 $2,046,376 Debt Service $819,508 $0 $850,000 $0 Fund Transfers - $3,622,904 $0 $0 $0 Expense Unappropriated $3,449,422 $5,397,634 $0 $0 Ending Fund Balance $3,449,422 $5,397,634 $0 $0 Revenue $11,837,183 $13,827,999 $8,827,817 $6,706,570 External Revenues $6,439,549 $6,585,421 $5,378,395 $4,660,194 Bond & Note $800,000 $800,000 $0 $0 Proceeds Miscellaneous $261,154 $264,618 $0 $0 Miscellaneous Fund $0 $0 $0 $0 Allocation Taxes $5,378,395 $5,520,803 $5,378,395 $4,660,194 Internal Revenues $5,397,634 $7,242,578 $3,449,422 $2,046,376 Beginning Fund $5,397,634 $7,242,578 $3,449,422 $2,046,376 Balance Miscellaneous Fund $0 $0 $0 $0 Allocation Fund Overview The Recreational Cannabis Tax Fund, established by Resolution 37217, receives revenues from a 3% tax on recreational cannabis sales in the City of Portland to provide funding for the purposes identified in Section 6.07.145 of City Code and costs related to the administration of the tax. Except for those established purposes, in no case shall revenues be transferred from the Recreational Cannabis Tax Fund to the City's General Fund, or any other fund, for any other purpose. Managing Agency City Budget Office 1008

City of Portland Fiscal Year 2026-27 Proposed Budget Significant Changes from Prior Year Due to continued declines in tax revenue collection, the Recreational Cannabis Fund is reducing ongoing resources by approximately 13% in FY 2026-27. The Mayor's Proposed budget maintains the Prosper Portland allocation, increases the Public Safety allocation for Portland Street Response, and eliminates the ongoing allocations for PBOT, the Office of Public Works, and the Housing Bureau's passthrough to Multnomah County. 1009

Parent: Citywide · PDF: pp. 1008-1009 ↗