Budget

Letter to the Budget Committee & the Citizens of Beaverton


Photo of city of Beaverton Mayor Denny Doyle. It’s a privilege to submit the city's budget for Fiscal Year 2017-18, as required by state law and Beaverton City Charter. This budget represents the priorities of the Mayor, City Council and our Community Vision. This past year we achieved our very highest priority when voters, at the November 2016 election, approved a $35 million general obligation bond issue for a new Public Safety Center.

This is going to be a ground-breaking year as we see the construction of 230 new housing units with both market-rate and affordable apartments in a mixed use project called The Rise Central take place in the Beaverton’s central downtown area. We’ll also see hundreds of new single family homes built on South Cooper Mountain. These two developments achieve the goals of the 2011 Civic Plan for expanded housing choices in both a redevelopment setting and also on land added to the urban growth boundary. This will be a prelude to groundbreakings on three civic projects coming soon for a new Public Safety Center, the Beaverton Center for the Arts and new parking garage to serve the Beaverton Central area.

Beaverton’s revenue trends are generally up over past years. The assessed valuation is rising and Building Fund revenue should top the $3.8 million mark, a record year. Other revenue increases should come from lodging taxes, right-of-way fees, water revenue, planning fees and fees on other specialized services. We will continue to invest in staff expertise to service the development community, acquire key properties for redevelopment and create the types of infrastructure necessary to assure that private sector development occurs.

These are a few of the key capital investments in the FY 2017-18 budget:
  • Intersection improvements on Canyon Road (OR 8) in cooperation with the Oregon Department of Transportation for better pedestrian connections and improved traffic flow.
  • Water mains to serve the growing area on South Cooper Mountain where road improvements provide opportunities to invest now in the required infrastructure.
  • Water mains to serve private redevelopment at Cedar Hills Crossing allows the city to withdraw service territory from another water district, upgrade the condition of the infrastructure and offer lower rates.
  • Predevelopment assistance for The Rise Central as an incentive for affordable housing in a mixed use development
  • Menlo Street sidewalks to provide safe pedestrian connections and other utility improvements that help achieve the City Council priorities of connectivity and a “pedestrian focus”.
  • Completion of a long-awaited multi-modal pathway between nature trails, urban development and transit stations. The Crescent Connection parallels Beaverton Creek and serves the downtown core for bicyclists and pedestrians of all ages and abilities.
  • Completion of another aquifer storage project and beginning to invest in a new water source in the mighty Willamette River to provide resiliency and long term assurance of quality water for a growing community.
Read Full Mayor's Budget Message
 

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