(Portland, OR) -- Portland's Rose Festival is working to balance its budget. The organization lost one-million-dollars last year compared to a six-thousand-dollar loss the year before. The Rose Festival is relying on reserves to cover the gap. The financial struggles put the future of the 117-year- old event in question. Expenses have risen 30 to 40 percent since 2019. Organizers have made adjustment to keep costs this year down.