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<br /> <br />Relating to: Proposing amendment to Oregon Constitution relating to local option ad valorem <br />property taxes <br /> <br />Sponsored by: <br /> <br />Staff Comments: SJR 10 is part of a long term strategy by the LOC and member cities to <br />mitigate the increasingly detrimental impacts of Constitutional property tax limitations on <br />municipal revenues. Specifically SJR 10 is a proposed Constitutional amendment that would <br />permit voters to approve a local option property tax that would be outside the compression limits <br />set by the 1990 Measure 5 amendments to the Constitution. SJR 10 also allows Local Option <br />Levies, currently limited to five years, to be approved for up to 10 years. This would allow the <br />voters of the City to adopt a LOL that would not contribute to loss of revenue under <br />compression, and to allow more stable funding for City services over a ten-year period. The <br />LOC recognizes that passage of the content of SJR 10 will likely be a multi-year effort. A letter <br />of support will be helpful to LOC's efforts. <br /> Recommendation: Priority 1 Support <br /> <br />4 | Page <br />February 27, 2013 IGR Committee Meeting <br />