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<br /> , <br /> Ms. Engen then reviewed tables included in the materials distributed. <br />e Under Ballot Measure 6, the net property tax relief for Oregon business <br /> taxpayers would be $338 million for the first biennium and for residential <br /> owner tax payers, $19.5 million. Under Measure 11, there would be no <br /> relief for Oregon business taxpayers, but there would be $438 million net <br /> relief for residential owner and renter taxpayers. <br /> Mr. Bradley left the meeting. <br /> Ms. Engen said the critical issue is where the money comes from. Under <br /> Ballot Measure 6, if the State gave some relief for local governments, <br /> the money would come from the State income taxes. Statewide personal <br /> income taxes to corporate income taxes are paid on a 5:1 ratio. Under <br /> Ballot Measure 6, if the State surplus is used, there would be in effect <br /> a substantial shifting of tax burden from business property to personal <br /> income. Under Ballot Measure 11, the shift would be from individual <br /> property taxes to personal income taxes. Further discussions are <br /> scheduled October 25 and November 1. <br /> Upon motion duly made, seconded, and passed, the meeting was adjourned to <br /> Dc 23, J:~ <br /> Carles T. Henr . <br /> Ci ty Manager <br />e CTH:DT:so/CM25b11 <br />- <br /> 10/11/78--8 <br /> '82, <br />