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ontotheircustomers. <br />NexusThelocaloptionlevyisabroadbasedtaxacrossallpropertyownersin <br />thecommunity,andnonresidentpropertyowners.Membersofthe <br />communitybenefitfromandenjoyabroadrangeofservicesprovidedby <br />GeneralFundresourcesincludingpublicsafety,parks,andcultural <br />services. <br />ConsistencywithCouncilTheCityCouncilhasseveralfinancialpoliciesstatingthat,totheextent <br />Goals&Policiespossible,nonrecurringresources,suchasalocaloptionlevy,shouldbe <br />usedfornonrecurringexpensesÍ´nottofundongoingservices. <br />Councilgoalsalsoincludeadesiretofosteraffordablehousing.An <br />additionalpropertytaxlevywouldbecontrarytothatgoal,asitwould <br />raisethecostofhousing. <br />Fairness&PoliticalThepropertytaxisaproportionaltaxonthevalueofrealandpersonal <br />Feasibilitypropertyforbothbusinessesandresidences.Itdoesnottakeinto <br />accounttheabilityofthetaxpayertopaythetax.Therearenumerous <br />exemptionsfromthepropertytaxdesignedtopromoteavarietyof <br />policygoals,includingsomedesignedtolessentheimpactonlow <br />incomeownersandtenants. <br />Thepropertytaxisunderstandabletothevoters(asopposedtoanew <br />formofuserfeeortaxes),makingitpoliticallyfeasiblefromthat <br />standpoint. <br />LocaloptionlevyproposalshavehadmixedsuccessintheEugenearea <br />inrecentyears.Therehavebeensixlocaloptionlevyproposalsonthe <br />ballotfromEugeneorLaneCountysinceMeasure47passed,andthree <br />ofthosehavebeensuccessful.Councilmembershaveexpressed <br />dissatisfactionwithheavyrelianceonpropertytaxesinvariousforumsin <br />recentyears. <br />SustainabilityImpactAlocaloptionlevywouldnotcreateanundueburdenonfuture <br />generations. <br /> <br />