As part of last year's budget, Council adopted a Budget Note directing the City's two utility bureaus - Bureau of Environmental Services (BES) and the Portland Water Bureau (PWB) - to "provide Council with a report and presentation of their five-year capital plans" prior to the FY 2014-15 budget process.
Yesterday, in a Council Work Session, BES and PWB presented Council and the public an overview of their budget, finances, and Capital Improvement Program, or CIP - a "Utility Bureau 101."
Together, these two bureaus manage assets with a replacement value of about $20 billion. As stewards of our stormwater, sewer, and water systems, it's important that Council understands how they budget, operate, and develop plans to keep their infrastructure healthy.
Their presentation materials are featured on each bureau's website - we encourage you to take a look.