The 2021-22 fiscal year budget was adopted at the Jun. 15 City Council meeting. This year’s budget began Jul. 1 and is approximately $441 million—$10 million less than last year’s budget. The city’s overall tax levy rate for operating purposes remains the same as the prior year, at $4.23 per $1,000 of assessed valuation. The tax levy rate to pay the debt service for the Public Safety Center is projected to increase by about a penny ($.01) per $1,000 of assessed valuation.
This year’s budget reflects the completion of several capital projects. It also includes revenue streams from stimulus programs, such as Coronavirus Aid, Relief, and. Economic Security Act funding, and anticipates offsetting some revenue losses through the American Rescue Plan Act of 2021. While those spending parameters have not been defined, Beaverton will receive just over $16 million from this funding. In January 2021, the city also closed on a loan from the Environmental Protection Agency’s Water Infrastructure Finance and Innovation Act program for approximately $81 million to finance growth-related infrastructure, including new transmission pipes, aquifer storage and recovery wells, and a storm water reuse system known as the purple pipe system.
Notable expenses include construction of the Patricia Reser Center for the Arts and district-serving public parking garage underway, housing affordability programs, sustainability efforts, and ongoing water and street improvements. An assistant city manager position also was included in the budget to support the city’s ongoing transition to a council-manager form of government. The assistant city manager position will be hired by City Manager Jenny Haruyama, who began work in August.
As in previous years, the budget is the result of significant staff efforts from each department who prepare and identify upcoming financial needs. The city’s Budget Committee met earlier in the year to review the proposed budget. The committee, made up of the City Council and community volunteers, held public meetings to review the proposed budget, hear public comment and make recommendations.
For more information, visit www.BeavertonOregon.gov/budget.