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Board briefed on City of Gresham enterprise zones; district told there is no new net revenue
Summary
District staff told the board that revenue from City of Gresham enterprise zones would reduce the district's state school fund payment rather than add new money, and OSBA recommended keeping the local share at 15% to preserve city abatement capacity.
Board members heard a presentation on the City of Gresham enterprise zones and their fiscal effect on the district. "Stacy will send a list of businesses to the Board," the minutes note, and staff told members: "Any funds the district receives from this program will be deducted from our state school fund payment.There won't be any additional revenue."
Board members asked whether the board could choose a different percent; minutes record an answer that, while the board can set a percent, OSBA and partner organizations recommend staying at 15% to allow cities to offer higher abatements to businesses. Stacy agreed to follow up by providing the board a list of businesses eligible for the program.
