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Board adopts Construction Excise Tax increase effective July 1, 2026
Summary
Cascade School District #5 approved recommended Construction Excise Tax rates: $1.70 per sq. ft. residential and $0.85 per sq. ft. non-residential (non-residential maximum $42,400), to take effect July 1, 2026; board discussion noted a missing attachment and CET usage.
The board approved an increase in the Construction Excise Tax (CET) rate to align with State of Oregon recommendations. The new CET rates approved Jan. 12 are $1.70 per square foot for residential construction and $0.85 per square foot for non-residential construction, with a non-residential cap of $42,400; the rates take effect July 1, 2026.
Board members discussed the missing attachment in the board packet; Executive Assistant Lisa Sherman apologized for the omission and Finance Director Mr. Wang explained how the CET funds are used locally. The motion passed unanimously; the minutes record "Motion Carried (all voted yes)."
