In December of last year, the Portland Bureau of Transportation (PBOT) published a Financial Task Force (FTF) Report. The 22-page document (PDF) gives an overview of the bureau’s budget, outlines its vulnerabilities, and most importantly, gives recommendations for new revenue streams. The report should serve as an important resource in upcoming discussions about our transportation priorities. PBOT turned in their 2013-14 budget to City Hall on Monday and with cuts looming, the City Auditor questioning PBOT’s management — and a new mayor in town who has made it crystal clear he intends to take the bureau in a different direction — now seems like a great time to educate ourselves about PBOT’s finances.
The FTF report is the result of a directive from City Council given during last year’s budgeting process. With no end in sight to painful cuts and no new revenue ideas on the table, City Council tasked PBOT to put together a task force to develop a factual basis for future decisions. The task force that was ultimately formed and that signed off on the report includes 14 people from a variety of backgrounds. There are business leaders, representatives of government agencies (ODOT, TriMet, and so on), civil engineers, legal professionals, and others.
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