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County budget office forecasts $11.1 million FY27 general‑fund deficit and flags revenue risks
Summary
Multnomah County budget staff told commissioners the updated FY27 general‑fund starting deficit is $11,100,000 and outlined revenue adjustments and contingency plans, warning business‑income tax concentration and economic volatility raise downside risk to collections.
Jeff Renfro of the Multnomah County budget office told the Board of Commissioners the county’s updated FY27 general‑fund starting deficit is $11,100,000 after incorporating bargaining impacts, internal‑service rate adjustments and a truing‑up of department requests.
Renfro said the March forecast includes targeted reductions to revenue assumptions: a $1,000,000 decrease to motor‑vehicle rental tax projections (driven by tourism and passenger flows at Portland International Airport) and a $1.5 million reduction to liquor receipts. "The updated deficit assumption is $11,100,000," he said.
Why it matters: the forecast sets the baseline for the county’s public budget process beginning next month and for decisions about use of reserves and one‑time…
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