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Press release: Portland City Council adopts $8.6 billion budget for 2025-26
FY 2025-26 Adopted Budget Dashboard
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FY 2025-26 Adopted Budget Book
The Adopted Budget Book is organized into of three volumes, described and linked below:
Volume One: City Summaries and Bureau Budgets
This volume contains general information and an overview of the budget for the City of Portland, as well as the budgets for individual City bureaus and offices.
Volume Two: City Funds and Capital Projects
This volume provides detailed information about the City’s funds and capital projects.
Volume Three: Program Offers
This volume contains narrative descriptions of each of the City’s programs, as well as budgetary and performance data for these programs.
Other Documents
Overview of City Expenses
As part of charter transition, the City moved to a new organizational model under which bureaus are grouped into service areas. Many budget materials, including the numbers below, are reported by service area. These groupings have changed since initial implementation so service area budgets are not comparable year-to-year.
Total Budget
- The total budget of $8.64 billion, reported as required by state budget law, includes all expenditures within and between funds. This number overstates actual expenditures for programs because it double counts internal transactions. Such transactions occur between City funds, when one City agency provides services to another.
FY 2025-26 Total Budget by Service Area
- The majority of the City’s expenses are in Public Works, which includes the Water Bureau, the Bureau of Environmental Services, the Portland Bureau of Transportation, and Portland Parks and Recreation. This includes spending for capital projects, not just operational expenses. See Program Expenses section below for more detail on operating versus capital expenses.
- The total budget for the City Administrator service area includes Fund and Debt Management. Funds and Debt Management contains funds that pass through to other sources, such as debt proceeds, General Fund contingency, and accounts that are solely used for technical purposes.
- Get more detailed total budget information on the FY 25-26 Adopted Budget Dashboard.
Program Expenses
- The $4.49 billion in program expenses include operating expenses and capital expenses. Operating expenses are those used to keep the City running day-to-day, including costs of personnel, materials, and services. Capital expenses are those related to land, equipment, facilities, and infrastructure. Program expenses provide a more accurate picture of the funds available for delivering services to the community.
FY 2025-26 Program Expenses by Service Area
- As with the total budget, the majority of the City’s program expenses are also in Public Works.
- Get more detailed program expense information on the FY 25-26 Adopted Budget Dashboard.
General Fund Discretionary Expenses
- The $806.4 million in General Fund discretionary resources, the City's most flexible funds, make up about 10% of the total budget. The City uses General Fund discretionary resources to pay for everything that has not already been covered by restricted funds. Most of this money comes from property and business licensing taxes.
- The other 90% of funds are legally restricted to specific uses. These include funds received from the federal government and dollars earmarked for utilities, transportation and debt repayment.
- Learn more about unrestricted and restricted funding sources in the Introduction to the Budget.
FY 2025-26 General Fund Discretionary Expenses by Service Area
- When organized by service area, most of the General Fund discretionary budget is allocated to the Public Safety service area and the City Administrator. A majority of this budget for the City Administrator, however, consists of Fund and Debt Management (see the Total Budget section at the top of this page for a definition).
- When organized instead by bureau, Portland Police Bureau and Portland Fire & Rescue, which are in the Public Safety service area, and Portland Parks & Recreation, which is in the Public Works service area, received a majority of the City’s most flexible dollars ($265.6M, $163.0M, and $79.4M respectively).
- Get more detailed General Fund discretionary information on the FY 25-26 Adopted Budget Dashboard.
Overview of City Revenues
The City’s revenues and expenditures must balance each fiscal year, meaning that we cannot budget more expenses than we expect to receive in revenue. The City’s revenues come from a variety of sources. Some revenues are “external” such as taxes and fees, while others are “internal” such as transfers between bureaus, or revenues that were not used in the prior fiscal year.
FY 2025-26 External Revenues
- 27.7% of the external revenues are from charges and fees for the services the City provides.
- Taxes, such as property taxes and the business license tax, make up a quarter of of the City's budgeted external revenue.
- 22.1% of external revenues came from debt proceeds, loans and interest.
The external revenues shown above exclude Beginning Fund Balance, Internal Revenues, and Internal Loan Proceeds.
FY 2025-26 General Fund Discretionary Revenues
- The majority of the City’s General Fund discretionary revenue comes from property taxes, business license tax, and utility license and franchise fees. Property taxes include both residential and commercial properties. The business license tax is a net income tax on business activity in Portland. Utility license and franchise fees are charged to any business supplying utilities, such as electricity, gas, cable, etc.