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Multnomah County projects $21.2 million FY26 general‑fund gap; officials point to property‑tax and PERS pressures
Summary
County budget staff told the Board of Commissioners the FY26 general fund starts with a $21.2 million shortfall and will likely require roughly $30.4 million in new revenue to maintain current services, driven by weaker property‑tax growth, concentrated business tax receipts, and rising PERS and personnel costs.
Multnomah County budget staff on Tuesday told the Board of Commissioners the county faces a $21.2 million starting deficit for fiscal year 2026 and that preserving current service levels will require roughly $30.4 million in new revenue.
"Our updated starting point for 26, we anticipate to be a $21,200,000 deficit," said Jeff Renfro of the county Budget Office. He added that property taxes — about two‑thirds of discretionary general fund revenue — are only expected to generate about $8,000,000 of new revenue in the coming year, creating the primary shortfall.
The projection is part of a five‑year forecast that, under a status quo expense trajectory, would see the shortfall grow to an estimated $52.4 million by 2030. Renfro told the board that Oregon's PERS (Public Employees Retirement System)…
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