BALLOT TITLE
FIVE-YEAR LOCAL OPTION TAX.
QUESTION: Shall Sauvie Island Fire District #30J impose $11,000.00 for five years for operations beginning 2000-01? This measure may cause property taxes to increase more than three percent.
SUMMARY: The total amount to be raised by this levy is $55,000.00, which will be imposed over five years at $11,000.00 each year. The purpose of this levy is to retire interim financing used during the construction of the new fire station. A Special District Association of Oregon, FlexLease Loan in the amount of $52,000.00 was secured to complete the office and training room. The proceeds of this levy will be used to retire the FlexLease Loan and to update firefighting and rescue equipment. It is estimated that the proposed tax levy will result in a tax rate of eleven cents per thousand of assessed valuation. As an example, a property valued at $100,000.00 will result in an increase of $11.00. This levy expires in five years and is then eliminated. 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.
NO "EXPLANATORY STATEMENT" WAS FILED
No arguments FOR or AGAINST this measure were filed.