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Portland school bond the largest in Oregon

The Columbian
Published: May 7, 2011, 5:00pm

PORTLAND, Ore. (AP) — Voters in Portland Public Schools will be asked on May 17 to approve the largest local government bond ever proposed in Oregon.

The Oregonian newspaper says the $548 million bond will rebuild eight Portland schools and make smaller fixes to all 77 others. It asks voters to raise property taxes inside the state’s largest school district by 9 percent. Property owners would pay $2 for every $1,000 of assessed property value.

Supporters include construction firms, labor unions and others that would benefit from the building boom.

Some Portland parents have formed “Learn Now, Build Later” to oppose the bond. The group favors a separate proposed property tax increase to help retain teachers.

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Information from: The Oregonian, http://www.oregonlive.com

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