May 29, 2014 | Oregonlive.com-- The proposed street fee on Portland residents and businesses continues to evolve, with Wednesday's news that Mayor Charlie Hales is expected to split the proposals in two.
Last week, Hales and Commissioner Steve Novick briefed the media on the proposed street fee and said the fee could bring in as much as $50 million per year.
But city documents estimated the annual net revenue from the fee, after accounting for administrative costs and other expenses, would be closer to $40 million in an average year. That's the money that would go to maintenance and safety projects across the city.
The financial documents included in the City Council packet include a little bit more detail on potential administrative costs, including how many new employees the transportation bureau would need to both administer the program and directly implement safety and maintenance work.
Here's a breakdown:
- According to the documents, the city would create up to 23 new full-time positions started in the 2015-16 fiscal READ FULL ARTICLE