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The 2026-27 budget is a spending plan covering the fiscal year between July 1, 2026 through June 30, 2027. Budget development for this fiscal year is occurring from September 2025 to June 2026.
Please use the menu on the right-side of the page, or the buttons on the main page for this fiscal year, to navigate through the different phases of budget development and see associated documents.
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Budget Calendar
View the print-friendly Budget Development Calendar for Fiscal Year 2026-27, including budget-related milestones, public meetings and other events.
Printable Budget Development Calendar
See the most up-to-date online schedule of budget-related milestones, public meetings and other events.
View the overall FY 26-27 budget calendar adopted by City Council, as a table, here.
Fiscal Year 2026-27 Milestones
As the FY 2026-27 budget development process progresses, milestones including meetings and documents, will be highlighted here.
Most recent updates displayed at top.
| Council Work Session: Public Safety and Community & Economic Development Service Area Presentations |
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On March 3, the Community & Economic Development and Public Safety service areas presented current service level budgets, resource gaps and tradeoffs under the status quo, 3% reduction and 10% reduction scenarios requested in the Mayor's November budget guidance. The work session was designed to give City leaders additional context and options they could consider in upcoming budget discussions. 3/3/26 Community & Economic Development Service Area Presentation (YouTube) 3/3/26 CEDSA slide presentation Image Description
Jump to 3/3/26 Public Safety Service Area Presentation (YouTube) 3/3/26 PSSA slide presentation Image Description |
| Council Work Session: Current Service Level Overview and Process Update |
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The Chief Financial Officer and City Budget Office presented the Current Service Level (CSL) analysis and discussed next steps, including upcoming work sessions and updates to the budget process. The Council President shared a draft calendar with options for additional discussion in chambers. 2/25/26 Council Work Session: Current Service Level Overview (YouTube) Learn more about FY 2026-27 Current Service Level Budget and Forecasts Image Description Image Description You can find additional information about the budget and budget development in the menu on the right-side of the page (top). |
| City releases FY 2026-27 Current Service Level Budget Report |
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The City Budget Office released the FY 2026–27 Current Service Level Budget Report, detailing the cost of maintaining city services next year and highlighting the gap between projected spending and revenues. The report marks a significant milestone and a foundational shift in the budget development process, creating the baseline to guide ongoing budget discussions. Read the FY 2026-27 Current Service Level Budget Report (PDF) Learn more about FY 2026-27 Current Service Level Budget and Forecasts |
| Virtual Budget Learning Session from Feb. 11, 6 to 7:30 p.m. |
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This virtual budget learning session will be recorded and available to watch online after the live session. Hear a comprehensive overview regarding the City's budget and budget process. Attendees will learn the basics of the City's Budget, including where money comes from and how it can be spent. We'll walk through what it means to balance a budget, how the budget is developed, and ways community members can get involved. View Budget Preparation documents
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| City Council Work Session: Financial Condition and Budget Update |
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The Chief Financial Officer, City Economist, City Budget Office Director, and City Administrator provided an update on the current state of the City's financial condition and budget, and started a discussion about a longer-term financial strategy. The Chief Financial Officer recommended the City treat this as a crisis response and focus on problem solving with the goal of creating a clear, actionable strategy that carries us through the challenges and leads the City towards stability and eventually recovery. He presented an outline for a 5-year plan to support a quick and urgent move to action. 1/22/2026 Council Work Session: Financial Condition and Budget Update (YouTube) |
| City Council adopts Budget Calendar for FY 2026-27 |
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1/14/2026 Resolution: Adopt the Budget Calendar for FY 2026-27 View the Adopted Budget Calendar: |
| Finance Committee: City Budget Office presents calendar for FY 2026-2027 budget process for approval, referred to full Council |
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The City Budget Office Director shared a revised budget calendar for the upcoming fiscal year for additional feedback and referral to Council. The Finance Committee amended the calendar to add one or more work sessions between Mar. 9 and Mar. 20 to address budget cuts and revenue options Councilors may find acceptable or unacceptable as flags to potentially guide the process as it moves forward. Finance Committee referred FY 2026-27 budget calendar resolution to full council for adoption. 1/5/2026 Finance Committee: FY 2026-27 Budget Calendar presentation (YouTube) Draft proposed FY 2026-27 budget calendar (PDF) |
| December General Fund Forecast for FY 2026-27 released |
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The City Economist released the FY 2026-27 General Fund Forecast today, providing an early estimate of discretionary revenues and expenditures anticipated next fiscal year, marking a key milestone in Portland's annual budget development process. Forecast highlights
December General Fund Forecast for FY 2026-27 (PDF) Memo summarizing the December General Fund Forecast (PDF) General Fund Forecast and Current Allocation Level (CAL) tables
You can find additional information about the budget and budget development in the menu on the right-side of the page (top). |
| Technical budget guidance presentation to staff by City Budget Office |
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December 10, 2025 meeting hosted for City staff by the City Budget Office to officially begin the Fiscal Year 2026-2027 budget development process. The meeting includes an overview of the current year's budget guidance, technical instructions and discussion throughout. View recording of FY 2026-27 Budget Development Kickoff meeting (YouTube) FY 26-27 Technical Budget Guidance slides (PDF) FY 26-27 Technical Budget Guidance overview (PDF)
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| Finance Committee: Chief Financial Officer and City Budget Office presentation and discussion about reserves and contingencies |
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The Chief Financial Officer and City Budget Office provided information to the Finance Committee about reserves and contingencies, including how those terms are used in the City's budget process and the binding policies that impact their purpose and use. Reserves are generally set by City policy or other requirements and should be budgeted in a separate fund. Reserves are explicitly created to mitigate revenue or expenditure risks and should not be used as a "holding place" for unprogrammed funds. Contingency is a budgetary commitment item within a fund. It is categorized as an expense for budgetary purposes, but under state budget law, the City cannot pay bills directly out of contingency. 12/8/25 Finance Committee Meeting: Discussion of City reserves and contingency (YouTube) |
| Technical budget guidance provided to staff by City Budget Office |
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City Budget Office released detailed technical instructions to support the Mayor's budget guidance for FY 26-27. The major changes to service area budget development include scenario guidance, current service level scenarios, budget concept forms, budget equity prompts, program offer updates, service area budget summaries, and forecast summaries, each of which is described in detail in the accompanying slide deck. |
| Mayor Keith Wilson's fiscal year 2026-27 budget guidance |
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Portland Mayor Keith Wilson released budget guidance to city bureaus and service areas to inform budget development for the fiscal year that will begin July 1, 2026. The guidance directs each of the City's service areas to prepare three budget scenarios - status quo, a 3 percent reduction, and a 10 percent reduction - for the parts of their portfolios that rely on the general fund. Major programs that rely on other funds also must prepare three scenarios: status quo, alignment with current revenue projections, and, where applicable, a 5 percent reduction in fees. |
| City Council work session: FY 2026-27 budget development process presentation |
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Presentation and discussion of the FY 2025-26 Fall Technical Adjustment Ordinance and FY 2026-27 Budget Process. The City Economist also gave a presentation on the fiscal outlook for FY 2026-27 Charter requires the release of the Mayor's Proposed Budget by May 5. With current resources and process requirements, the earliest possible date it can be available is mid-April. The development of the Mayor's Proposed Budget involves four key steps and requires 18-20 weeks, starting in mid-December:
10/22/25 City Council Work Session: Full presentation and discussion about the economic outlook, key budget issues for FY 2025-27 and budget process timeline (YouTube) 10/22/25 City Council Work Session: City Economist presentation on the economic & revenue outlook (YouTube link) 10/22/25 full presentation slides (PDF) Image Description Image Description Image Description |
| Finance Committee: Presentation by City Budget Office and discussion of budget process timeline requirements for development of the FY 2026-2027 budget |
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Several critical deadlines guide the budget development process:
9/22/2025 Finance Committee: Presentation and discussion about the budget process timeline (YouTube link) 9/22/2025 full presentation slides Key slides from presentation |