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BALLOT MEASURE NO, 20-90
<br /> REFERRED BY EUGENE SCHOOL DISTRICT 4J
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<br /> Ballot Title: Renew Five Year Local Option Levy for School Operations
<br />
<br /> Question: Shall District 4J continue to impose $1.50 per $1,000 of assessed value for operations for five years
<br /> beginning 2005-06? This measure may cause property taxes to increase more than three pement.
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<br /> Summary: In May 2000 the Eugene School District 4J voters approved a local option levy of $1.50 per $1,000 of
<br /> assessed value to support school district operations. This measure renews that levy at the same rate.
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<br /> The school district will use the tax revenue from this measure to maintain current programs and staffing
<br /> levels at schools. Without continuation of this revenue, the district will need to reduce its budget by
<br /> approximately $5,950,000 in 2005-06.
<br />
<br /> A rate of $1.50 per $1,000 of assessed value is estimated to raise $5,950,000 in 2005-06, $6,100,000
<br /> in 2006-07, $6,250,000 in 2007-08, $6,400,000 in 2008-09 and $6,550,000 in 2009-10, for a total of
<br /> $31,250,000.
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<br /> $1.50 is the maximum rate any property would be assessed. As is the case with the current levy, average
<br /> rates for most properties would be substantially less: $0.73 for all residential properties, $1.16 for all
<br /> commercial properties, and $1.00 for all industrial properties. The average rate for all types of property
<br /> is estimated to be $0.84 per $1,000 of assessed value.
<br />
<br /> RESOLUTION option tax of $1.50 per $1,000 of assessed value. The tax would be lev~ed
<br /> each year for five years commencing with fiscal year 2005-2006. The
<br /> A RESOLUTION OF THE BOARD OF D~RECTORS OF EUGENE estimated annual revenue from the levy would be $5,950,000 In fiscal
<br /> SCHOOL D~STR~CT NO. 4J, LANE COUNTY, OREGON CALLING year 2005-2006,$6,100,000 in fiscal year 2006-2007, $6,250,000 m fiscal
<br /> AN ELECTION TO SUBMIT TO THE ELECTORS OF THE DISTRICT year 2007-2008, $6,400,000 in fiscal year 2008-2009, and $6,550,000 in
<br /> THE QUESTION OF RENEWAL OF A FIVE-YEAR LOCAL OPTION fiscal year 2009-2010, Levy proceeds will be used to finance operations
<br /> SERIAL TAX LEVY AT THE RATE OF $1.50 PER $1,000 OF of the D~strict.
<br /> ASSESSED VALUATION TO FINANCE DISTRICT OPERATIONS
<br /> AND TO PAYALL COSTS INCIDENTAL THERETO 2. That the election hereby called shall be held on the 2nd day of
<br /> November, 2004 and shall be conducted pursuant to ORS 254.465 et
<br /> WHEREAS, ~n May 2000 voters in the Eugene School D~strict, Lane County, seq.
<br /> Oregon ("the District") approved a five-year local option senal tax levy at
<br /> the rate of $1.50 per $1,000 of assessed valuation to finance district 3. That the District directs that there shall be dehvered to the elect~ons
<br /> operations and related inc~dental costs; and officer of Lane County, Oregon not later than the 61st day before the date
<br /> of the election the Not~ce of Local Option Senal Levy Election attached
<br /> WHEREAS, the School Board of School D~stnct No. 4J, Lane County, hereto, with such changes as are approved by the Superintendent and
<br /> Oregon has determined that there is a need to continue this level of funding Chair.
<br /> with which to finance D~strict operations at an estimated total amount of
<br /> $31,250,000 over a five-year penod, and ADOPTED bythe School Board of School Eugene D~stnct 4J, Lane County,
<br /> Oregon on August 11, 2004.
<br /> WHEREAS, Oregon Revised Statutes 280.040 through 280 090 authorizes BATED th~s 11th day of August, 2004
<br /> the D~strict to submit a measure to District voters which, ~f approved, would EUGENE SCHOOL DISTRICT NO. 4J
<br /> allow the District to collect a local option tax for operational purposes; LANE COUNTY
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS Isl Beth Gerot
<br /> OF EUGENE SCHOOL DISTRICT NO. 4J, LANE COUNTY, OREGON AS Chair
<br /> FOLLOWS.
<br />
<br /> Attest.
<br />1 That an election is hereby called for the purpose of submitting to the
<br /> Isl George Russelt
<br />qualified voters of the District the question of re-authorizing a local
<br /> Superintendent
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