Saturday, August 07, 2004
Condo owners may have to pay on transit mall
Portland has exempted condo owners in the past because it didn't want to discourage ownership. Portland also grants ten year tax exemptions, tax breaks, waved system development charges etc., and has formed may urban renewal districts to subsidize more condo's and mixed use developments downtown.
Light rail in Portland has become so expensive that new tax sources are needed to sustain it. The problem is if you take money that could have gone to schools, police, fire and social services,those departments will also be looking for new sources of revenue to make up for what light rail takes.
Portland has a new income tax and the citizens have referred it to the ballot to vote on this fall. If Portland is not careful they may inspire a tax revolt or a exodus of residents and businesses from the city.
Many of the taxpayers are not happy paying their full share of taxes while downtown Portland seems to get every tax break imaginable.
Light rail in Portland has become so expensive that new tax sources are needed to sustain it. The problem is if you take money that could have gone to schools, police, fire and social services,those departments will also be looking for new sources of revenue to make up for what light rail takes.
Portland has a new income tax and the citizens have referred it to the ballot to vote on this fall. If Portland is not careful they may inspire a tax revolt or a exodus of residents and businesses from the city.
Many of the taxpayers are not happy paying their full share of taxes while downtown Portland seems to get every tax break imaginable.
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