Faced with a $100 million revenue shortfall, Portland's newly elected city council has approved a $7.2 billion budget for the 2026-27 fiscal year, according to The Oregonian/OregonLive. The budget, passed by a 4-1 vote, includes significant cuts to public safety, housing programs, and arts funding. The shortfall is attributed to declining commercial property taxes and ongoing economic pressures from the post-pandemic recovery. The approved budget slashes Portland police funding by 15 percent, a