City Council votes to formally adopt the Approved Budget before July 1. Budget adoption makes the budgeted appropriations legally binding for the upcoming budget year (2023 - 2024).

City Council convenes as the Budget Committee to receive the budget message and Proposed Budget document and to hear public testimony. After reviews and revisions, they approve a balanced budget and approve the rate for property taxes.

The 2023-2024 budget is a spending plan covering the fiscal year between July 1, 2023 through June 30, 2024. Budget development for this fiscal year occurred from September 2022 to June 2023.

Your Mayor and Commissioners are listening! There are multiple ways to let the City know what you think budget priorities should be. You can write messages year-round, or join scheduled events focused on the City of Portland budget development for Fiscal 2023-24.

The 2023-2024 budget is a spending plan covering the fiscal year between July 1, 2023 through June 30, 2024. The Budget Monitoring Process, or BMP, takes place three times during the fiscal year. The goal is to allow for urgent and unforeseen changes to the budget.

The annual budget process starts with bureaus developing their Requested Budgets according to guidance from the Mayor. These materials help bureaus prepare the requests for the upcoming fiscal year (July 1, 2023 - June 30, 2024).

After bureaus prepare their budget requests for the next fiscal year, they submit their Requested Budgets to the City Budget Office for review and analysis. This page contains the Bureau Requested Budgets and accompanying analysis and recommendations.

The Fall BMP serves two major purposes: to give City Council and the public a summary of prior year activity and performance (budget monitoring) and to adjust the current fiscal year budget (supplemental budgeting).

The last step in budget monitoring is the Over-Expenditure Ordinance. It narrowly focused on addressing over-expenditures and interfund loans to ensure that funds do not end the fiscal year with negative cash or fund balances. No other budget adjustments should be requested after this step.

The City Budget Office reviews the Requested Budgets from bureaus, provides recommendations to the Mayor and Council, and prepares the Mayor's Proposed Budget. The Mayor presents the Proposed Budget to the City Council, sitting as the Budget Committee.

The Spring BMP focuses on projecting spending for the rest of the fiscal year (budget monitoring) and to make necessary adjustments to bureau budgets (supplemental budgeting). At this point in the fiscal year, bureaus and CBO should be able to project spending and revenues reasonably accurately.