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PBOT: parking rate and TNC fee hikes, plus state aid, expected to close transportation gap
Summary
City transportation officials told the council PBOT's proposed $626 million FY 2025-26 budget would rely on parking meter rate increases, higher TNC fees, and hoped state transportation funding to close a forecast shortfall.
The Portland Bureau of Transportation told the City Council it is balancing a proposed FY 2025-26 budget of about $626,000,000 while warning the plan is fragile and depends on a mix of local fee changes and pending state support.
PBOT Director Millicent Williams said roughly $256 million of the bureau—s budget is capital spending, about $20 million pays debt service, $100 million is held in reserves for future capital work, and about $230 million supports operations and maintenance. Williams told the council the bureau began the budget cycle with an estimated $38,000,000 forecast shortfall in its general transportation revenues; the city administrator—s guidance and later adjustments reduced the immediate balancing target to approximately $17,800,000.
How PBOT proposes to close the gap: the mayor—s budget relies on three main revenue…
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