11-30-16 Council Agenda Packet - Laserfiche WebLink

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CE,O|CFFS|M2016 ITY OF UGENEREGON ONSERVATION INANCE EASIBILITY TUDY AY For a levy imposed based on a fixed amount, the statement in the ballot title for the measure that explains the chief purpose of the measure and gives reasons for themeasure shall state the total amount of money to be raised by the proposed local option tax, in dollars and cents. If the statement in the ballot title for the measure submitted includes an estimated tax impact, it shall be based on the most current estimate of assessed value from the county assessor. The measure shall bear the statement: “The estimated tax cost for this measure is an ESTIMATE ONLY based on the best information available from the county assessor at the time of estimate and may reflect the impact of early payment discounts, compression and the collection rate.” This statement is to be added to and made a part of the 175-word statement, however, will not count towards the 175-word limitation. For a levy imposed based on a fixed millage rate, an estimate of the total amount of money to be raised for each year of the proposed local option tax shall be stated in dollars and cents. If this levy raises more money than estimated, the excess collections above that estimate shall be considered a budget resource for the levy fund in the next fiscal year of the subdivision. This statutedoes not apply to an election authorizing general obligation bonds or the tax levies to repay general obligation bonds. This statement is to be added to and made a part of the 175-word statement, 63 however, will not count towards the 175-word limitation. Measure No. 26-152 METRO Local option levy: improve naturalareas, water quality for fish Question: Shall Metro improve natural areas, water quality for fish: five-year operating levy, $.096 per $1,000 assessed value, beginning 2013? This measure may cause property taxes to increase more than three percent. Summary: Twice in two decades, Metro voters approved measures to acquire thousands of acres of natural areas throughout the tri-county region. Past measures could not include money for maintenance and restoration. This levy creates a dedicated fund to improve water quality for salmon and native fish, remove invasive weeds that threaten the health of these natural areas, restore wetlands and provide opportunities for people from around the region to experience nature close to home. Cost The estimated cost for the typical household is $20per year for five years. Result of a “yes” vote • Improve water quality in local rivers and streams for salmon and other native fish including the Clackamas, Sandy, Tualatin rivers; Fanno, Johnson creeks. • Restore wildlife habitat and remove weeds that choke plants wildlife need for food and shelter. • Restorewetlands and floodplains to control flooding, provide habitat for birds and amphibians. • Construct or replace capital projects in parks, such as restrooms, picnic shelters, playgrounds. • Provide nature education programs in natural areas to visitors andschool-aged children. The proposed rate (at $.096/$1,000) will raise approximately $10.2 million in 2013-14, $10.4 million in 2014- 15, $10.6 million in 2015-16, $ 10.9 million in 2016-17 and $11.2 million in 2017-18. The estimated tax cost for this measure is an ESTIMATE ONLY based on the best information available from the county assessors at the time of estimate. 63 Oregon Revised Statutes §280.075 36TTPL::CFD HE RUST FOR UBLIC AND ONSERVATION INANCE EPARTMENT