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12 Oct 2015
13 Oct 2015
City has more money to spend
The City Council will have more money to spend in coming years, according to the most recent Portland General Fund Financial Forecast.
The forecast, prepared by the Office of management and Finance, says the council will have an additional $5.9 million in ongoing revenue to spend, plus $3.3 million for next year's budget.
According to the forecast, the additional funds are the result of an improving economy and the council's decision to reduce some of the city's debt with surplus funds.
The full forecast is available at www.portlandoregon.gov/cbo/article/474105.