PORTLAND, Ore. — The city of Portland is currently about $3.4 billion in debt and ranks near the bottom of a national "fiscal health index."Go to the KATU link for a breakout and analysis of the debt from city debt manager Eric Johansen.
The Fiscal Times evaluated the finances of 116 U.S. cities with populations greater than 200,000 and ranked Portland No. 103 last year.
Officials say Portland's debt has risen by more than 20 percent over the past 10 years from $2.82 billion in 2008.
The city currently pays more than $500 million annually to service its debt, which includes both principal and interest. The city's total budget this year is $5.1 billion. ...
Financial Times: Portland near bottom in fiscal health index.