Budget-Note-Update----UFSWQD

2 B&F › Budget-Note-Update----UFSWQD — 1 pages · p. 298

Intro from p. 298

To: Jonas Biery, DCA of Budget & Finance From: Ruth Levine, City Budget Office Director CC: Mike Jordan, City Administrator Deputy City Administrators Mayor & Council Date: February 19, 2025 Re: FY 2024-25 Adopted Budget Note Updates Urban Flood Safety & Water Quality District Flood Safety Budget Note Title Benefit Fee - Ongoing Payment Plan Primary Service Area Budget & Finance Due By 2/19/2025 Lead Ruth Levine Jonas Biery; Thomas Lannom; Ruth Levine; Peter Hulseman; Staff to include Claudio Campuzano; Jeramy Patton; Cecilia Huynh; Anthony Martin In Budget Concept? No Budget Concept DP # Budget Note Full Text In March 2024, the Oregon State Legislature passed Senate Bill 1517 which gives the Urban Flood Safety & Water Quality District Flood (UFSWQD) the authority to assess a new Flood Safety Benefit fee starting in FY 2024-25, on the order of $5.1 million. This funding is covered by General Fund for FY24-25 to provide bridge funding to pay the UFSWQD fee in FY 2024-25. In FY 2024-25, a city work group shall be established, led by the DCA of Budget and Finance and include finance managers from PBOT, BES, Water, PP&R and other impacted bureaus, to determine the most appropriate mechanism to fund this fee on an ongoing basis. A memo with the recommended fee structure should be submitted to the City Administrator by September 1, 2024. Deliverable A memo with the recommended fee structure should be submitted to the City Administrator.

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See also

• Parent: 2 B&F
• Source PDF: FY-2025-26-Budget-Dev-Docs.pdf · open at p. 298
• Raw extracted pages: .extracted/pages/