Largest local bond proposed in Oregon

Largest local bond proposed in Oregon

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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