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Finance Committee forwards city—s 2026 investment policy to full council after extended debate and public testimony urging human-rights screen
Summary
The Finance Committee voted 3-1 on Nov. 10 to forward the City of Portland—s annual investment policy to the full council while members and dozens of public commenters urged the city to adopt a human-rights screening overlay for its bond holdings.
The Portland Finance Committee on Nov. 10 reviewed the city—s annual investment policy required by Oregon law and voted to forward the resolution to the full council after extended deliberation and more than a dozen public commenters urged adding a human-rights or expanded ESG screening to the city—s existing socially responsible overlay.
What staff said: CFO Jonas Birri opened the item and City Treasurer Bridget O'Callaghan presented the policy framework and current portfolio statistics. O'Callaghan said the policy contains no material changes for 2026, cited a redline portfolio figure of about $2,800,000,000 and said investment earnings (net of treasury fees) were $115,000,000 in fiscal year 2024–25 and $28,000,000 year‑to‑date through September 2025. She described the policy—s objectives — preserve principal, ensure liquidity, and earn a market rate — and explained the city…
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