passed ordinance

*Approve accepting funds from the State of Oregon under the State Revenue Sharing Program for the fiscal year beginning July 1, 2024 and ending June 30, 2025

budget finance
ordinance

Department: City Budget Office
Introduced by: Former Mayor Ted Wheeler
Status: Passed

Impact statement

Purpose & background

The ordinance must be passed by Council to prepare the City for the new fiscal year on July 1, 2024. This item is included because ORS 221.770 requires the City to formally elect to accept state shared revenues.

Financial impacts

Conducting this hearing and subsequent resolutions make the City eligible for an estimated $26,997,152 in cigarette, liquor, and state marijuana taxes in FY 2024-25.

Community impacts

The City’s annual budget includes multiple programmatic changes that will impact the community. These programmatic changes invest resources and reallocate internal resources into bureau programs as articulated in the Approved Budget. A three-member Community Budget Advisory Board was invited to sit in on budget discussions with the Mayor and Council as the budget was developed. There were work sessions held to discuss the FY 2024-25 Budget process between February 1-29, 2024. Council conducted three virtual listening sessions as well. Public comment has been solicited on the City Budget Office website, and in accordance with Oregon Local Budget Law, live public testimony was received on May 9 th through a virtual community meeting and during the hearing held on May 15, 2024.

▸ Full text (the legislation as adopted)

The City of Portland ordains: Section 1. The Council finds: The State of Oregon established a State Revenue Sharing Program through the enactment of Senate Bill 11 by the 1977 Oregon Legislative Assembly. Pursuant to ORS 221.770 the City must elect to receive the State Revenue Sharing Program funds and must notify the State of Oregon, Department of Administrative Services of said election. NOW, THEREFORE, the Council directs: The City Budget Office is hereby authorized to notify the State of Oregon, Department of Administrative Services that pursuant to ORS 221.770, the City hereby elects to receive State Revenue Sharing funds for FY 2024-25. The actions electing to receive State Revenue Sharing funds contained in this ordinance are binding City policy. Section 2. The Council declares that an emergency exists because the City is required to elect to receive State Revenue Sharing funds for FY 2024-25 before the start of the fiscal year on July 1, 2024; therefore, this Ordinance shall be in full force and effect from and after its passage by Council.

Tally

5 yea 0 nay