CAPTION: Five-Year Local Option Tax
QUESTION: Shall the District impose $.25 per $1,000 of assessed value for five years for operation expenses beginning in 2003-04? This measure may cause property taxes to increase by more than three percent.
SUMMARY: The taxes will be used to meet operating expenses of the Alto Park Water District and to establish a contingency fund for future operating expenses. The primary operating expense is a contract for fire protection services with the Lake Oswego Fire Department. The tax is estimated to raise the following amounts: $3,699 in 2003-04; $3,810 in 2004-05; $3,924 in 2005-06; $4,042 in 2006-07; and $4,163 in 2007-08 for a total of $19,638.
NO EXPLANATORY STATEMENT WAS FILED FOR THIS MEASURE