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Treasurer reports big valuation gains; superintendent warns of state and federal budget pressures
Summary
Treasurer Jeff reported double-digit valuation increases across property classes that raised total district valuation roughly 26.5%, while Superintendent Dr. Fritz said he will provide regular legislative updates amid concerns about state and federal funding that could tighten the district27s five-year forecast.
Treasurer Jeff told the Oregon City Board of Education on Dec. 17 that updated values from the Lucas County Auditor show substantial year-over-year increases across property classes, which will affect the district27s revenue calculations.
Jeff reported agricultural/residential valuations rose 31.95%, commercial and industrial property rose 17.89%, public utility real property rose 11.03% and total real value increased 28.48%; overall district valuation increased 26.5%. He said personal property (public…
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