Phone: 503-823-PLAY (7529)
1120 SW Fifth Ave., Suite 1302, Portland, OR 97204
Q. Does the Parks Replacement Bond increase today’s tax rate?
A. No. It replaces an expiring bond originally passed by voters in 1994 for park improvements. If the measure passes, there would be no increase in parks property tax rates from what they are today - estimated at $0.0877 per $1,000 of assessed value. If the measure does not pass, the annual property taxes paid by the household with a median assessed value of $152,890 could decrease by approximately $13.
Q. Where will the money be spent?
A. Funds are for urgent repairs and other capital costs, not park operations. The measure would authorize up to $68 million in general obligation bonds to make repairs and improvements and prevent more closures like we’ve seen at Couch playground and the Maple Trail in Forest Park. The bond will be subject to an oversight committee, annual reports and audits.
Anticipated projects include, but are not limited to, fixing, improving:
|This information was reviewed by the Oregon Secretary of State’s Office|