NOTICE OF MEASURE ELECTION
NOTICE IS HEREBY GIVEN that the Riverdale School board has referred the following measure to voters in the Riverdale School District at the Nov. 3, 2015, Special Election. Any registered voter dissatisfied with the ballot title may file a petition with the Multnomah County Circuit Court for review on or before 5:00 PM, Sept. 9, 2015. Any person filing a challenge must also file a copy of the challenge with the Director of Elections, 1040 SE Morrison St., Portland, by the end of the next business day after the petition is filed with the Circuit Court.
Caption: Five-Year Local Option Tax for District Operations
Question: Shall the District levy $1.37 per $1000 of assessed value each year for five years beginning 2016-2017 for operations? This measure may cause property taxes to increase more than three percent.
Summary: This measure authorizes Riverdale School District No. 51J, Multnomah and Clackamas Counties, Oregon, to levy a property tax in the amount of $1.37 per $1000 of assessed value each year for five years. The taxes would be used to help finance District operations. Without the additional revenue, the District will have to reduce staff and services.
An estimate of the total amount to be raised each fiscal year is: $690,000 in 2016-2017; $696,000 in 2017-2018; $703,000 in 2018-2019; $710,000 in 2019-2020; $718,000 in 2020-2021. The estimated tax cost for this measure is an ESTIMATE ONLY based on the best information available from the county assessor at the time of estimate.