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Finance Committee reviews how the city tracks and forecasts revenues
Summary
Chief Financial Officer Jonas Berry and budget staff briefed the committee on the city's revenue mix, forecasting calendar and the limits of monthly reporting, and described next steps for improving transparency of tax, fee and grant receipts.
The Finance Committee heard an overview of Portland's revenue collection, forecasting and reporting process Monday and discussed options to provide more timely information to council and the public.
Jonas Berry, the city's chief financial officer, said the presentation grew out of council questions during the prior budget cycle about clearer revenue reporting. Berry described the city's three broad revenue buckets — taxes, service charges and fees (including utility rates), and grants — and said most revenues are restricted by law or policy to specific purposes.
Peter Holzman, the city economist, described the city's…
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