Former Portland Trailblazer Bill Walton.Metro Council President Lynn Peterson.Multnomah County Commissioner Susheela Jayapal (District 2).Multnomah County Chair Deborah Kafoury.Here Together Coalition led the campaign in support of Measure 26-210. The full text of the measure is available here. Requires voter approval to continue tax after 2030. Metro administrative and oversight costs limited to 5%. Requires performance reviews and independent financial audits. Requires creation of tri-county homeless services coordination plan. Establishes community oversight committee to evaluate and approve local plans, monitor program outcomes and uses of funds. Allocates funds to counties by estimated revenue collected within each county. Declares funding for homelessness services a matter of metropolitan concern, directs regional funding to local services agencies, requires community engagement to develop localized implementation plans. Exempts businesses with gross receipts of $5 million per year or less. Income tax applies to resident income, and to non-resident income earned from sources within district. Services funded by a marginal income tax of 1% on households with income over $200,000 (over $125,000 for single filers) and a business profits tax of 1%. Prioritizes services to address needs of people experiencing, or at risk of, long-term or frequent episodes of homelessness. Measure funds supportive housing services to prevent and reduce homelessness in Washington, Clackamas, and Multnomah counties within district boundaries. Should Metro support homeless services, tax income over $200,000/$125,000 (joint/single), profits onīusinesses with income over $5 million? A 20-member oversight committee was set to be formed to conduct and publish annual financial audits. Multnomah County was set to receive 45.3 percent of the revenue, Washington County was set to receive 33.3 percent, and Clackamas County was set to receive 21.3 percent. Measure 26-210 required that the revenue raised by the income and business taxes be divided according to the proportion expected to be received from the three counties that make up Portland Metro. The tax would take effect in 2021 and expire in 2030. Metro officials estimated the combined revenue of the income and business taxes to be $248 million per year. The income tax was designed to be on resident and non-resident income earned within the Metro area. Ī " yes" vote supported authorizing a 1% tax on household income above $200,000 and individual income above $150,000 and a 1% profit tax on businesses with gross receipts higher than $5 million to fund homeless services with the taxes expiring in 2030.Ī " no" vote opposed authorizing a 1% tax on household income above $200,000 and individual income above $150,000 and a 1% profit tax on businesses with gross receipts higher than $5 million to fund homeless services with the taxes expiring in 2030, thereby maintaining the marginal tax rate at 9.9% for household income above $250,000 and individual income above $125,000.Ī simple majority was required for the approval of Measure 26-210. A income and business tax measure was on the ballot for Portland Metro voters in Multnomah, Clackamas, and Washington counties in Oregon, on May 19, 2020.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |