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Piper Sandler outlines mechanics and risks of local option levy; district staff and teachers discuss next steps
Summary
A Piper Sandler presentation explained how Oregon's local option levies work, including assessed-value compression and state equalization grants. Teachers and board members discussed priorities, timelines and community outreach; the board agreed to continue exploring a levy and to receive a follow-up presentation in January.
David Williams of Piper Sandler presented an overview of Oregon's local option levy authority to the North Bend School District 13 board, explaining how Measure 50 created the assessed-value system and why that creates a variable, hard-to-predict revenue stream for levies.
Williams described the difference between levying a fixed dollar amount and a rate per $1,000 of assessed value, and walked the board through how "compression" reduces collections for some properties when total levies approach Measure 5 limits. He said the district's assessed value totals about $1.6 billion (roughly…
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