A revised proposal for the "Portland Street Fund," announced this week by the city's political leadership, aims to balance the needs of advocates of alternative transportation and that of the city's business community.
According to John Maus, Portland officials announced the "Portland Street Fund," which would "raise $46 million for maintenance and safety projects through a mix of business fees and personal income taxes."
Portland Mayor Charlie Hales, Transportation Commissioner Steve Novick and PBOT Director Leah Treat announced the street fund, revising an original proposal for a "transportation user fee" back in May of 2014. Mayor Hayes described the current proposal as "More humane and tolerable" as well as "fair, reasonable, and bearable." According to the current proposal, the fee would be charged on the basis of individual income. In another adjustment, the new proposal would attach a fee to business licenses.
Maus also provides the insight and details about how the money generated for the fund will be spent.
FULL STORY: City’s new ‘Street Fund’ proposal would raise $46 million a year
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