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Largest local bond proposed in Oregon

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High Five
Monday, May 09, 2011

The largest local government bond ever proposed in Oregon faces Portland Pubic School district voters on May 17.

The $548 million bond will rebuild eight Portland schools and make smaller fixes to all 77 others. It asks voters to raise property taxes inside the state's largest school district by 9 percent. Property owners would pay $2 for every $1,000 of assessed property value.

Supporters include construction firms, labor unions and others that would benefit from the building boom.

Read more at StatesmanJournal.com.

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