Approve levying taxes for the City for the fiscal year beginning July 1, 2025 and ending June 30, 2026

• In addition to the Notice of Property Tax and Certification of Intent to Impose a Tax, Fee, Assessment, or Charge on Property (Form LB-50), the Department of Revenue has issued a Notice to Assessor (Form UR-50), on which the City is required to categorize urban renewal levies by Option One Plans, Option Three Plans, Other Standard Rate Plans, and Other Reduced and Permanent Rate Plans.
• NOW, THEREFORE, the Council directs: Taxes are hereby categorized and levied for municipal purposes for the fiscal year beginning July 1, 2025, on all taxable property, both real and personal, within the corporate limits of the City as follows:For General Government, the permanent tax rate of $4.5770 per $1,000 of assessed valuation.For General Government, to be credited to the Fire and Police Disability and Retirement Fund, the amount of $251,613,821.For General Government, a voter-approved local option children’s levy taxing rate of $0.4026 per $1,000 of assessed valuation.For General Government, a voter-approved local option Parks levy taxing a rate of $0.8000 per $1,000 of assessed valuation.Excluded from Limitation, for bonded indebtedness the estimated amount of $33,570,654.The City Budget Director is hereby directed to certify on Form LB-50 the tax levies made in Section 1.a of this ordinance to the Assessors of Multnomah, Clackamas, and Washington Counties.In order to continue the City's active urban renewal districts and provide for potential future tax revenue for obligations of the North Macadam Urban Renewal Area Debt Redemption Fund, the Gateway URA Debt Redemption Fund, and the Cully Tax Increment Finance District Debt Service Fund, the Assessors of Multnomah, Clackamas, and Washington Counties are hereby requested to implement the procedures specified in ORS 457.420 through ORS 457.440 and other applicable state law relative to tax increment financing of urban renewal indebtedness, subject to the certifications contained in Section 1.d of this ordinance.The City Budget Director is hereby directed to certify that the City requests that tax increment revenue be collected for urban renewal bonded indebtedness and other indebtedness in FY 2025-26 for Gateway Regional Center;

• The ordinance will raise an estimated $706,542,982 (net of compression, delinquency, and discounts) in City property taxes for FY 2025-26.
• On Form UR-50, the following amounts will be certified for urban renewal collections: View full size image of Table showing names and estimated amounts for nine urban renewal districts for fiscal year 2025-2026 Collection of the tax increment revenues is contingent on actual assessed value growth.
• NOW, THEREFORE, the Council directs: Taxes are hereby categorized and levied for municipal purposes for the fiscal year beginning July 1, 2025, on all taxable property, both real and personal, within the corporate limits of the City as follows:For General Government, the permanent tax rate of $4.5770 per $1,000 of assessed valuation.For General Government, to be credited to the Fire and Police Disability and Retirement Fund, the amount of $251,613,821.For General Government, a voter-approved local option children’s levy taxing rate of $0.4026 per $1,000 of assessed valuation.For General Government, a voter-approved local option Parks levy taxing a rate of $0.8000 per $1,000 of assessed valuation.Excluded from Limitation, for bonded indebtedness the estimated amount of $33,570,654.The City Budget Director is hereby directed to certify on Form LB-50 the tax levies made in Section 1.a of this ordinance to the Assessors of Multnomah, Clackamas, and Washington Counties.In order to continue the City's active urban renewal districts and provide for potential future tax revenue for obligations of the North Macadam Urban Renewal Area Debt Redemption Fund, the Gateway URA Debt Redemption Fund, and the Cully Tax Increment Finance District Debt Service Fund, the Assessors of Multnomah, Clackamas, and Washington Counties are hereby requested to implement the procedures specified in ORS 457.420 through ORS 457.440 and other applicable state law relative to tax increment financing of urban renewal indebtedness, subject to the certifications contained in Section 1.d of this ordinance.The City Budget Director is hereby directed to certify that the City requests that tax increment revenue be collected for urban renewal bonded indebtedness and other indebtedness in FY 2025-26 for Gateway Regional Center;

Not found in the reviewed official text.

• On Form UR-50, the following amounts will be certified for urban renewal collections: View full size image of Table showing names and estimated amounts for nine urban renewal districts for fiscal year 2025-2026 Collection of the tax increment revenues is contingent on actual assessed value growth.
• Collection of tax levy revenues is contingent on the actual assessed value.
• NOW, THEREFORE, the Council directs: Taxes are hereby categorized and levied for municipal purposes for the fiscal year beginning July 1, 2025, on all taxable property, both real and personal, within the corporate limits of the City as follows:For General Government, the permanent tax rate of $4.5770 per $1,000 of assessed valuation.For General Government, to be credited to the Fire and Police Disability and Retirement Fund, the amount of $251,613,821.For General Government, a voter-approved local option children’s levy taxing rate of $0.4026 per $1,000 of assessed valuation.For General Government, a voter-approved local option Parks levy taxing a rate of $0.8000 per $1,000 of assessed valuation.Excluded from Limitation, for bonded indebtedness the estimated amount of $33,570,654.The City Budget Director is hereby directed to certify on Form LB-50 the tax levies made in Section 1.a of this ordinance to the Assessors of Multnomah, Clackamas, and Washington Counties.In order to continue the City's active urban renewal districts and provide for potential future tax revenue for obligations of the North Macadam Urban Renewal Area Debt Redemption Fund, the Gateway URA Debt Redemption Fund, and the Cully Tax Increment Finance District Debt Service Fund, the Assessors of Multnomah, Clackamas, and Washington Counties are hereby requested to implement the procedures specified in ORS 457.420 through ORS 457.440 and other applicable state law relative to tax increment financing of urban renewal indebtedness, subject to the certifications contained in Section 1.d of this ordinance.The City Budget Director is hereby directed to certify that the City requests that tax increment revenue be collected for urban renewal bonded indebtedness and other indebtedness in FY 2025-26 for Gateway Regional Center;

Not found in the reviewed official text.

Not found in the reviewed official text.

Not found in the reviewed official text.