School board hears initial presentation on possible construction excise tax increase
Chief Financial Officer Andy Campbell presented handouts outlining options to raise the district's construction excise tax rates for residential and commercial development; the board discussed who authorizes rate changes, whether to raise one or both rates, comparisons with other Clackamas County districts, allowable uses for revenue, and a potential future maintenance bond.
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Andy Campbell, the district's chief financial officer, presented two handouts May 28 outlining a possible increase to the Molalla River School District's construction excise tax. Campbell explained that the proposal contemplates separate rates for residential and commercial development and provided estimates of how much additional revenue different rates would generate. Board members asked questions about the legal process for increasing the rate and who has authority to set it, and discussed whether the board should consider raising only one of the two rates or both.
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