The City of Tigard Budget Committee approved the Fiscal Year 2019-2020 annual budget at their meeting held on May 18, 2019. The next step in the budgeting process is for the budget to be adopted by the City Council on June 11, 2019. In addition to the city budget, the updated Fees and Charges schedule for the next fiscal year will also need to be reviewed and adopted by the City Council.
The Town Center Development Agency (TCDA) Budget Committee also approved the Fiscal Year 2019-2020 annual budget at the same meeting held on May 18, 2019. Like the city’s budget, the TCDA board, made up of the City Council members and citizen members, must adopt the budget on June 11, 2019.
Both new budgets will take effect on July 1, 2019.
Proposed 2019-20 Budget Files
» Individual budget sections
» Town Center Development Agency Proposed Budget
The City of Tigard is a financially stable city with clean financial audits, a strong credit rating from Moody’s and Standard and Poor’s, and a history of creating its budget in the most fiscally responsible manner.
We do have revenue issues, as citizens know from our property tax constraints, which causes the city to have challenges in providing needed service levels. After the defeat of the Local Option Levy in May, 2018, the city implemented its first of two years of service level cuts—$2.5 million each year.
This fiscal year, as you can see from the graphic below, the city was able to obtain most of its $2.5 million in savings from other resources.
While we are still experiencing lower than needed service levels, this next fiscal year will not see the drastic cuts that we thought we would have to make in order to maintain a fiscally responsible position.