Notice of Measure Election
NOTICE IS HEREBY GIVEN that the Portland Community College (PCC) Board has referred a measure to voters in the PCC District (portions of Columbia, Multnomah, Washington, Clackamas and Yamhill County), at the Nov. 8, 2022 General Election, and the Multnomah County Elections Division has received a Ballot Title for that referral. Any registered voter dissatisfied with the Ballot Title may file a petition for review with the Multnomah County Circuit Court on or before July 8, 2022. Any person filing a petition must also notify the Director of Elections, 1040 SE Morrison St., Portland, in writing that the petition has been filed, and the notice must be given by 5:00 p.m. on the next business day after the petition has been filed with the Circuit Court. - Tim Scott, Multnomah County Director of Elections
Ballot Title
Bonds to construct job training space, improve classrooms, safety, technology
Question: Shall Portland Community College renovate and modernize facilities, estimated to maintain current tax rate by issuing $450 million in bonds? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution.
Summary: Measure authorizes up to $450 million in principal amount of general obligation bonds for facilities and equipment. Measure not expected to increase tax rates above previous targets, because outstanding debt is scheduled to decline.
If approved, this measure would finance capital costs, including:
- Updated classrooms, technology, facilities, equipment to provide students with modern higher education and job training spaces, including flexible hybrid learning options.
- Improved accessibility for people with disabilities.
- Increased facility lifespan and efficiency through ventilation system upgrades, plumbing, electrical.
- Improved campus safety, lighting, transit stops.
- Expanded career technical education facilities in Washington County.
- Rebuilt/modernized Rock Creek, Sylvania facilities/classrooms.
- Site improvements, demolition, furnishing, equipping, acquiring land, bond issuance costs.
Regular audits to ensure funds are used as intended. Bonds may be issued in one or more series, with each series maturing in 16 years or less. Bond cost estimated to maintain fiscal year 2022 rate of 38 cents per $1,000 of assessed value. Actual rates may differ and depend on interest rates incurred and assessed value growth.