Prosper Portland outlines draft $129M budget, $50M strategic investment fund and community‑led TIF plans

Prosper Portland officials presented their draft budget, program priorities and how tax‑increment financing (TIF) resources will be managed as the agency moves into a period when several districts are sunsetting and new action plans are launched.

"My name is Shay Fleurty Betheen. I'm the interim executive director at Prosper Portland," the interim executive director told the Finance Committee, describing the agency’s governance, major business lines and the role of TIF in funding redevelopment and affordable‑housing set‑asides.

Prosper explained its February draft recommended budget totals about $129 million, and about $164 million when the Portland Housing Bureau affordable‑housing set‑aside is included. Prosper’s leadership said TIF remains the agency’s largest funding source for development and capital investments while general fund, cannabis revenue and other sources support citywide economic‑development programs.

Tony Barnes, Prosper’s chief financial officer, summarized the budget calendar: City Council (acting as Prosper’s budget committee) will review the budget in May; the Tax Supervising and Conservation Commission (TSCC) will review and certify the budget; the Prosper Board will adopt the final budget in June.

Prosper described a Strategic Investment…