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Financial adviser outlines how local option levy works; teachers propose $1-per-thousand campaign to reduce class sizes
Summary
A Piper Sandler advisor explained how Measure 50, assessed-value caps and 'compression' affect local option levies; North Bend teachers presented a levy plan to restore electives and reduce class size and asked the board to allow further planning and community engagement.
David Williams of Piper Sandler walked the board through how Oregon’s local option levy authority works and why Measure 50 and the state’s assessed-value framework make levy revenue less predictable than before.
"Local option levy is a unique opportunity for a school district to raise additional funds for operating funds locally," Williams said, stressing that levies may be levied as a rate per $1,000 of assessed value or as a fixed dollar amount and that collections are affected by a phenomenon he called "compression," which reduces the actual revenue collected compared with theoretical maximums.
Williams…
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