Court Reduces Available Urban Renewal Money

Oregon Supreme Court rules some property taxes collected for urban renewal violated a 1990 tax cap measure approved by voters.

1 minute read

February 21, 2002, 2:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

Roughly $13 million in projects in Portland, Ore., including curb extensions, a new streetcar line and and a boat center are on hold after a state supreme court ruling. The court ruled that taxes the city of Portland and Multnomah County collected to fund urban renewal violated a tax cap measure passed by voters 12 years ago. If the court doesn't reverse its ruling, the issue goes to the Oregon Tax Court, which will decide whether other taxpayers were affected, and whether they are due refunds that could total $30 million.

Thanks to Chris Clair

Read the full story: Budget woes may halt 70 urban renewal projects

Thursday, February 21, 2002 in The Oregonian

Community / Economic Development Oregon

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