Today the gavel went down in City Council marking the approval of Portland’s Education Urban Renewal Area (URA), a project two years in the making. As Mayor Sam Adams said, “This is an important day not just for Portland State University, but for the health of the city.”
The URA is just one step in a city-wide approach to increasing educational opportunities in Portland in order to make this city more prosperous, connected and healthy. The Education URA will help Portland State University increase its position as a major research university and help the city continue to accelerate the region’s growth and instructional excellence. As Commissioner Nick Fish said before he voted: “The ultimate question is: are we prepared to make some targeted investments in our community to grow family wage jobs, to create prosperity so that down the road the pie is bigger for everybody? Are we willing to make tough decisions today for a better tomorrow? I have concluded on balance that the formation of this district is in the best interest of the city as a whole and so today I proudly cast my vote: aye.” CONTINUED HERE: portlandonline.com/mayor/index.cfm?c=49520&a=397762
Have you ever thought about where the City of Portland keeps your tax dollars when they’re not in use?
It’s a fair question and you should know the answer: just like many of you, the city invests and puts its money into deposits that generate a fair return. This week, Portland City Council considered a responsible banking resolution. Read about it here. The vote is next week: portlandonline.com/mayor/index.cfm?c=49519&a=397273
Featured in the video: Jennifer Yocom (Mayor's Office), Jefferson Smith (State Representative), Richard Goward (Portland Chief Financial Officer), Jennifer Cooperman (Portland Treasurer), Amanda Fritz (City Commissioner), and Mayor Sam Adams.
Last week, as part of the Portland Plan, the City Council adopted these as the official goals for the City ofPortland.
The Mayor's Proposed Budget, which I am announcing today, invests in achieving these interlocking goals: To help businesses create jobs to boost family incomes, keep people safer and healthy, maintain the momentum of local education reforms by preventing deeper school teacher layoffs, and lay the groundwork and provide action towards a more equalPortland.
In terms of the city's fiscal fundamentals, during tough times like this, it may be tempting to draw from the City's General Reserve fund. But that would be a short-sighted maneuver that would increase the City's risk and decrease the City's development. By prudently avoiding using the General Reserve fund, the City has saved taxpayer dollars by maintaining its AAA credit rating, a rating shared by less than seven percent ofU.S.cities... MORE: portlandonline.com/mayor/index.cfm?c=49278&a=396028
Featured in this video: Josh Harwood (Portland City Economist), Rich Goward Jr. (Portland City Chief Financial Officer), Carole Smith (Portland Public Schools Superintendent), Gwen Sullivan (Portland Association of Teachers President), Donald Grotting (David Douglas Superintendent), and Mayor Sam Adams.