Home Must Reads Genentech property tax change affects Hillsboro

Genentech property tax change affects Hillsboro

| Print |  Email
Must Reads
Friday, February 22, 2013

Genentech successfully appealed its property taxes at its Hillsboro facility, which means the city's general fund will take a hit.

The decision between the company and the Oregon Department of Revenue last August resulted in a $162.6 million reduction in assessed value, according to Hillsboro Finance Director Suzanne Linneen.

"This is why we have reserves," Linneen said. "This is exactly why, so we don't overreact and we don't do anything in haste."

The city tries to keep 15 percent of its budget in reserves, but that's unlikely this coming year. Hillsboro has roughly $10.2 million set aside, according to a budget snapshot, which is about 11 percent.

Read more at OregonLive.com.

{biztweet}genentech hillsboro{/biztweet}

 

More Articles

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS