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Budget committee levies permanent and local option tax rates; $16.93M bond levy set
Summary
The Budget Committee approved a permanent operating tax rate of $4.4614 per $1,000 assessed value, a $1.50 local option levy for the General Fund, and a bonded‑debt levy totaling $16,928,011; the motion passed unanimously.
The Corvallis School District 509J Budget Committee voted unanimously to set tax levies that will fund operating and debt service for the coming year.
Committee Member Judah Largent moved (seconded by Terese Jones) to levy a permanent tax rate of $4.4614 per $1,000 of assessed value, a local option tax rate of $1.5000 per $1,000 in support of the General Fund, and a tax amount of $16,928,011 for bonded debt service. The motion passed 12–0 with two absences recorded.
The committee took no additional discussion on the motion. The tax rates and debt service amount are recorded in the official minutes and will be included in the district’s property tax certification process.
