The 2017-18 Budget Process Begins

Several districts have already started building their 2017-18 budgets. We have captured some of the initial budget forecasting presentations here for you on this page. Click on the links to view the full presentations.

Multnomah County

  • 2016-17 property taxes will be 0.26% over budget, based primarily on an Assessed Value that is 0.27% over estimates.
  • Inflation used for 2017-18 Budget: 2.25%
  • Key Revenue growth forecasts (BIT = Business Income Tax)

             FY18     FY19     FY20     FY21     FY22

AV Growth       4.00%     3.60%    3.50%     3.50%      3.25%

Compression   3.50%      3.25%    3.10%     3.00%      3.00%

BIT Growth       0.50%    0.00%   1.50%     2.00%      6.00%

Portland Public Schools

  • Anticipating a 3.5% Assessed Value Growth for 2017-18.
  • Anticipating a 2017-18 property tax increase of from 4% to 8%.
  • Anticipating a 2017-18 State School Fund increase of from 5% to 8%.
  • Anticipating a 1% average annual enrollment growth for next five years based on PSU projections.

 

City of Portland

  • CPI Projections

  2018     2019     2020     2021     2022

          CPI for Wages  2.0%     2.7%       3.0%         2.9%       3.0%

          CPI for M&S     3.3%     3.8%        3.5%        3.4%       3.3%

 

Portland Forecast December 2016