Sherwood presents first biennial budget, tightens reserves and trims staff amid revenue declines

Sherwood city officials on May 22 presented the city’s first biennial budget for fiscal years 2025–27, detailing a plan that staff said balances in accordance with Oregon law while cutting staffing and preserving a 20% general fund contingency.

City Manager Craig Sheldon told the budget committee, “We’re proud to present Sherwood’s first biennial budget 25 through ’27,” and laid out a budget that staff described as disciplined but responsive to slowing development, inflation and declining revenues in several categories.

The city manager and Finance Director David Broadway said the total biennial budget across all funds is $263,700,000; staff presented a general fund two‑year total of about $40,500,000 and enterprise funds (water, sanitary, storm, broadband) of about $51,600,000. Personnel services for the city were described at about $49,900,000 with the general fund share near $34,300,000; materials and services were shown as roughly $26,500,000, capital outlay $21,200,000 and debt service $7,100,000. Broadway said the budget and five‑year forecast meet the city financial policy to maintain a minimum 20% ending fund balance.

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