Gresham’s
Financial Road Map is a plan to fund a full-service City organization with the resources
needed to deliver exceptional community services.
Read Gresham's Financial Road Map
Plan at-a-glance
- Duration:
July 2023 to June 2026
-
Focus: General Fund
-
Services: Police, Fire, Parks, Community Development and Livability
-
Adopted: By City Council in September 2022
Why does
Gresham need a financial road map?
Our goal is to
support a high quality of life for our community.
But we’re at
a critical turning point in Gresham. Limited by property taxes and fees that
haven’t been raised in years, the City’s budget struggles to keep up – let
alone fund big dreams.
A financial
road map will support the City in becoming financially stable over the next
three years and our work to carry out the community vision identified in
Gresham’s Strategic Plan.
Budget
and financial impacts
- The Financial Road Map will inform
the proposed City budgets for fiscal years 2023/2024 through 2025/2026.
- The Road Map outlines the revenue
tools needed to reduce the projected deficit between revenue and expenses and
to improve service delivery.
- Total anticipated new General Fund
revenue would total $28.2 million over three years.
Next
steps
- Staff is working on implementing the
proposed revenue tools for FY 2023/24, including preparing a proposed City Services Fee structure and rate for Council approval. Watch the April 4 Council discussion..
- The City put the Gresham Safety Levy on the ballot for the May 16 special election.
Contact
Assistant
City Manager Elizabeth.Coffey@GreshamOregon.gov.