Portland and Cincinnati face looming multi-million dollar budget shortfalls
TL;DR Summary
Portland faces a projected $67 million budget shortfall next year due to federal tax cuts, stagnant growth, and rising expenses, with city officials preparing for potential cuts amid ongoing financial challenges.
- Portland faces a budget shortfall of at least $67 million next year Oregon Public Broadcasting - OPB
- Portland could see a $70M budget shortfall next year Axios
- Portland's City Economist Releases General Fund Forecast to Guide Fiscal Year 2026-27 Budget Planning Hoodline
- ‘Really concerning’: City of Cincinnati’s projected deficit soars as taxes on business profits fall The Business Journals
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