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February 01, 2011

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oregongrown

Dave:

In reference to your comments about PPS Bond 26-121, the numbers are based on the MEDIAN assessed value, not the average assessed value. One half of those assessed in Portland are above the median and will pay much more than the numbers given by the O and PPS.

Here is the trend for Portlanders that owe more on their home than it is worth:

~ In February 2010- 17% of Portland homeowners were underwater in their mortgages.
~ In August 2010- 22% of Portland homeowners were underwater in their mortgages.
~ In February 2011, 32% of Portland homeowners are underwater in their mortgages.

And that number nationwide is 27%, so Portland is picking up speed and taking the lead in this measure of instability.

So, the trend is clear.

And in this climate of devastation for thousands, PPS wants to sink all Portland homeowners even further in debt for their two big demands of the biggest bond in Oregon's history, and also to increase the Portland local levy tax, that was supposed to expire in 2012, to the highest maximum, a 60% increase.

Also, what taxpayers need to keep in mind is in addition to PPS new taxes, other new taxes will be on their new bill in November 2011:
1) Portland Fire Bureau
2) Oregon Historical Society
3) Portland Police and Fire Disability fund- going up 15% for one year alone.
4) And the new library district was put in place to give us new taxes as well (not yet voted in).
5) Add this to the automatic 3% tax increase every year, and the numbers are huge.

Many will be forced from their homes.
I think many of us see this as completely out of our control. I am reaching out to my own circle here in Portland, with emails and asking them to forward. It won't be enough.

The last two days the O finally printed two letters to the editor of those saying they are against it. Both letters were from retired homeowners. So, I mailed a letter to each of those couples asking them to talk to neighbors, friends and family.

Vote NO on 26-121. It's not for the children; as Bobbie Regan, one Portland School Board member said, ""We are talking about protecting family-wage jobs in Portland."

Thanks Bobbie. We always knew that was it. We always knew it wasn't "for the children." It has to do with keeping thousands of jobs for PPS, whether we need them or not.

Please contact your circle of influence to help the NO effort.

Thank you.

Pandora

Vote NO on 26-121. It's not for the children; as Bobbie Regan, one Portland School Board member said, ""We are talking about protecting family-wage jobs in Portland

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26-121. It's not for the children; as Bobbie Regan, one Portland School Board member said, ""We are talking about protecting family-wage jobs in Portlan

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Vote NO on 26-121. It's not for the children; as Bobbie Regan, one Portland School Board member said,

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