Tax Increment Financing Reimbursement Fund

Source: PDF pp. 1095-1096 ↗ · raw: 1095 · 1096

Breadcrumb: Fund Summaries > Community & Economic Development. > Tax Increment Financing Reimbursement Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> Tax Increment Financing Reimbursement Fund Tax Increment Financing Reimbursement Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $53,167,310 $41,618,106 $51,904,464 $58,983,789 Bureau Expense $16,765,675 $14,702,057 $51,178,107 $37,462,854 Fund Expense $949,792 $848,922 $726,357 $21,520,935 Contingency $0 $0 $0 $21,163,603 Fund Transfers - $949,792 $848,922 $726,357 $357,332 Expense Unappropriated $35,451,843 $26,067,127 $0 $0 Ending Fund Balance $35,451,843 $26,067,127 $0 $0 Revenue $53,167,308 $41,618,105 $51,904,464 $58,983,789 External Revenues $27,100,181 $17,852,025 $50,238,144 $28,413,720 Charges for Services $9,397 $20,581 $0 $0 Intergovernmental $22,368,408 $15,462,878 $47,009,482 $27,332,982 Miscellaneous $4,722,376 $2,368,565 $3,228,662 $1,080,738 Internal Revenues $26,067,127 $23,766,080 $1,666,320 $30,570,069 Beginning Fund $26,067,127 $23,766,080 $1,666,320 $30,570,069 Balance Fund Overview The Tax Increment Financing (TIF) Reimbursement Fund accounts for the reimbursement of housing-related costs that are funded from tax increment proceeds in the various Prosper Portland urban renewal areas. Eligible costs are incurred by the Portland Housing Bureau for each individual urban renewal area (URA) and then reimbursed by Prosper Portland. Sub-funds exist for each URA, as well as for each property asset that generates income. Activity is booked directly to the sub-funds and includes personnel services, loan disbursements, subrecipient contract payments, and indirect costs, as well as loan receivables and repayment program income. TIF affordable housing program income is netted from TIF reimbursements from Prosper Portland. Appropriations remaining at the end of the fiscal year are carried over in the Fall Supplemental Budget Process of the following fiscal year. The supplemental budget includes obligated carryover, appropriation for projects that have been authorized and budgeted in the prior year, and carryover appropriation for expanded projects or new requests. Managing Agency 1095

City of Portland Fiscal Year 2026-27 Proposed Budget Portland Housing Bureau Significant Changes from Prior Year There are no changes from the prior year. 1096

Parent: Community & Economic Development. · PDF: pp. 1095-1096 ↗