Finance

4 Stories
Posted on: April 5, 2017

City Manager Presents Recommended FY18 Budget to City Council

fy 18

Portland City Manager Jon Jennings presented his recommended municipal budget for Fiscal Year 2018 (FY18), which begins July 1, 2017, to the City Council at its April 5 meeting. The $240 million budget results in a 2.5% combined property tax increase or $...

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Finance Committee
Posted on: February 28, 2017

S&P Updates Credit Rating for Portland to AA+

The City of Portland received excellent financial news over the weekend. The Standard & Poor's Global Ratings ("S&P") raised its rating on Portland, Maine's general obligation (GO) debt up to 'AA+' from 'AA'. This elevates the City of Po...

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Finance Department
Posted on: January 3, 2017

Treasury Office Now Opens at 8:30 AM

The City of Portland today announced that the City’s Treasury Office will now be open from 8:30 AM to 4:30 PM, Monday-Friday. Previously, the office opened at 9:00 AM.

“We’ve made this change as part of our ongoing effort to improve customer service and re...

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Treasury Office
Posted on: May 17, 2016

City Council Approves $236 Million FY17 Municipal Budget

The Portland City Council approved the FY17 municipal budget at its May 16, 2016 meeting. The $236 million budget will result in a 2.3% combined property tax increase resulting in a mill rate of $21.11. Thanks to many positive budget drivers, including a ...Read on...

Finance Committee