Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee advances $80 million revenue bond to fund ADA curb ramps required by settlement
Summary
The Portland City Council Finance Committee voted April 7 to send to the full council an ordinance authorizing up to $80 million in limited tax revenue bonds to finance curb ramps and street improvements required by a 2018 settlement agreement with the Civil Rights Education and Enforcement Center.
The Portland City Council Finance Committee voted April 7 to send to the full council an ordinance authorizing limited tax revenue bonds of up to $80 million to finance curb ramps and related street improvements required by a 2018 settlement agreement with the Civil Rights Education and Enforcement Center.
City finance staff said the borrowing is intended to cover a project funding gap and produce short‑term budgetary savings. “What we have before you today is a proposed financing strategy that includes bond issuance which will require council authorization,” Jonas Beery, deputy city administrator for budget and finance and the city’s chief financial officer, told the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
