On February 6, 2001, the Portland City Council passed Ordinance 176251 referring the following measure to be decided by voters at the municipal Election on November 5, 2002.

 

 

CAPTION: Five-year levy for Children's Investment Fund.

 

QUESTION: Shall Portland support early childhood, after school, child abuse programs; five-year levy $0.4026 per $1,000 assessed value beginning in 2003?
This measure may cause property taxes to increase more than three percent.
SUMMARY: Measure would finance Portland Children's Investment Fund to support proven programs designed to help children arrive at school ready to learn, provide safe and constructive after school alternatives for kids, and prevent child abuse and neglect and family violence.

 

This Children's Investment Fund can only be used for:

 

Accountability measures include:

Levy produces an estimated $50 million over 5 years, averaging $10 million per year. Levy is $0.4026 per $1,000 of assessed property value. A home valued at $150,000 pays $5.03 per month, $60.39 per year.

 

A Measure Referred to the Voters by City Council Ordinance No. 176251, passed February 6, 2002

 

NOW, THEREFORE, the Council directs:

 

An Act entitled "A Measure to create a Children's Investment Fund by directing a five year local option ad valorem tax levy within the City of Portland at a rate of $0.4026 per thousand dollars of assessed value, outside certain constitutional limitations, commencing in fiscal year 2003-04," be, and the same hereby is, submitted to the legal voters of the City of Portland, Oregon for their adoption or rejection at the general election in the City of Portland, Multnomah County, Clackamas County and Washington County, to be held on November 5, 2002. Each voter who votes upon said proposed measure shall vote "yes" or "no" in the space indicated for such voted on the City ballot at said election.

 

BE IT ENACTED BY THE PEOPLE OF THE CITY OF PORTLAND, OREGON

 

Section 1. Pursuant to Section 7-112 of the Charter of the City of Portland, the Council shall levy for each of five successive years commencing with the fiscal year 2003-04, at the time taxes are levied for the payment of expenses of the City, a special tax at a rate of $0.4026 per thousand dollards of assessed value, on all property in the City of Portland not exempt from taxation. The proceeds from such levy shall be placed in a special fund to be dsignated as the Children's Investment Fund. The money in this fund shall be expended only for purposes of cost effective, proven early childhood programs, child abuse prevention and intervention, and after school and mentoring programs for children. No more than 5% of the fund may be spent on expenses associated with administering the fund. The fund shall be subject to annual audit. This local option levy is specifically authorized, and it shall not be counted as within the limitation provided by Section 11 of Article XI of the Constitution of the State of Oregon. This levy shall, however, be subject to proportional reduction under Section 11(11)(c)(B)(I) of Article XI of the Constitution of the State of Oregon. This special tax hereby authorized shall be in addition to all other taxes that may be levied according to law. This special tax hereby authorized shall be in addition to all other taxes that may be levied according to law.