Business License Tax Stabilization Reserve
At a glance
Based on uploaded (human-made) captions.
- What: ordinance 2026-368 adds City Code Chapter 5.90 and a Business License Tax stabilization reserve (a subfund of the General Reserve Fund) with rules for funding, drawing down and refilling it. It also moves part of financial policy FIN 2.03 into code at the city attorney's direction.
- Where it stands: referred to the full Council with a "do pass" recommendation, 12-0. Full Council takes it up October 22.
- Link to the fall budget: the ordinance sets a minimum deposit, so any amendment to the fall ordinance that lowers the amount added would need a matching change here.
Sources
- https://www.portland.gov/council/agenda/committee-whole/2026/10/15
- Video: https://youtube.com/watch?v=sr-9lxuBLjU (uploaded human captions)
Discussion time
About 4 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-15 - Finance & Governance Committee (Whole) | 4 |
Log
- 2026-10-15 - Finance & Governance Committee (Whole) - Ruth Levine explained the reserve and code placement; no questions; referred 12-0.
- 2026-10-29 - Council - Ordinance 192247 (new Code Chapter 5.90, Business License Tax revenue subfund) passed 12-0.