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State shared revenues projected at about $53,500; committee closes public hearing
Summary
Finance staff reported Philomath’s state shared revenues are projected at roughly $53,491 for next year and explained the calculation uses a per‑capita basis; the committee closed the public hearing and will include related materials in the next packet.
The Budget Review Committee opened and closed a public hearing on state shared revenues. Finance staff explained Philomath receives five revenue types through state distribution — highway trust (street fund), liquor, marijuana, cigarette taxes (general fund), and 911 (not applicable to Philomath) — and that the League of Oregon Cities report guides projections. Staff projected total state shared revenue for the city at about $53,491 for the coming year and explained per‑capita calculations use a population base staff cited as approximately 5,776 residents.
Members asked how accurate the League’s projections have been historically; staff said the estimates have been "very good" but cautioned numbers could change based on new indirect cost allocations and state adjustments. The hearing was closed and staff confirmed written public comments will be included in the next packet and posted online.
