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Multnomah County finance officials report $57 million shortfall after Metro cuts SHS forecast
Summary
At a January work session, Multnomah County Chief Financial Officer Eric Cardano and Joint Office Finance Director Antoinette Payne told the board that Metro’s December forecast reduced regional SHS revenue by $51 million for FY25, including an estimated $22 million hit to Multnomah County; combined with earlier budget carryover issues the Joint
Multnomah County finance officials told the Board of Commissioners at a January work session that Metro’s revised five‑year forecast for the Supportive Housing Services (SHS) tax reduced FY25 revenue across the three counties by about $51 million, and that Multnomah County’s share of the FY25 reduction is roughly $22 million.
Eric Cardano, Multnomah County chief financial officer, framed the presentation as a warning to the new board: “I am gonna share a bit of bad news,” he said before describing Metro’s revised forecasts and the county’s ongoing monitoring of receipts. Antoinette Payne, finance director for the Joint Office of Homeless Services, told the board that when the updated…
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