Author: ZacharyBep July 8, 2020 at 17:00:06 from 126.96.36.199 in reply to: unnebulous foxiest posted by zpolet417 on August 26, 2016 at 03:25:42
Singleton council to vote on plan to increase business and mini-vacancy at a council meeting Friday, Aug. 27, 2013, in Portland, Ore. City Council members voted 2-1 to support a resolution that would approve an extension of the property tax levy for businesses. The council also voted against a tax increase that would have reduced the tax rate by $1.4 million per year to be applied to the extension and the tax hike will have an impact on businesses including some owned by nonprofit organizations. (AP Photo/Jeff Swensen)
The Portland-based Portland City Council in Oregon has voted to extend the property tax levy by an additional $100 million per year as part of a deal with developers to make the city more productive in the future.
The council voted 2-1 to approve a new extension of the levy of $100 million per year. The current property tax levy is 8.76 cents per $100 of assessed value. The current property tax rate is 1.8 cent per $100. The vote was 13-13. Council member Peter McAllister, chair of the public safety committee, also cast the deciding vote for the proposal, which would extend property taxes, up to $100,000.
The decision came after the council's business committee presented a proposal that would give city officials $100 million a year over two decades to help them attract more businesses to the city, which has nearly 2.3 million residents.
The current property tax rate is 8.76 cents per $100 of assessed value. The current property tax rate is 1.8 cent per $100. The vote was 13-13. Council member Peter McAllister, chair of the public safety committee, also cast the deciding vote for the proposal, which would extend property taxes, up to $100,000.
But Councilman Dan Saltzman, one of the principal authors of the $100 million proposal, said that as the city has grown more efficient under the current agreement, a property tax surcharge of $100 million a year would make the city competitive at a time when Portland has seen a rise in the number of businesses owning property.
"Portland's economy is changing, and if we continue to build on our successes then the rate of property tax surcharge increases can serve as a competitive lure for companies to invest in the city," Saltzman said. "We've heard from companies who say, 'We've been able to avoid property taxes on their buildings as a result of our successful agreement with the City.'"
City Manager Ray Hearne announced last October that property owners in the city currently pay an average of a property tax of 2.48 cents per $100 of assessed value, with the average surcharge being an additional $1.80 per $100 of assessed value
Scott seizes three stroke lead in texas races
This time it's different. Texas has three of the country's biggest teams in front of it as it tries to pull away from an eight-race winless streak.
The only Texas team to lose in the race was Johnson/Maxim, which dropped to fifth after finishing sixth in last week's race. The No. 2-ranked team in the sport - Johnson Motorsports, known for winning two NASCAR races over the past three years - lost both weekends leading the race.
No. 10 Chevrolet Chase Racing led last week.
"If it wasn't for a little bad luck we could have won three in a row," Texas coach Charlie Weis said. "It's really something special."
The win gives the No. 24 team, led by Ryan Newman, a nine-race lead and gives it a three-point lead in the field of 22 teams, eight of whom are also Texas No. 1 cars. Newman's team has won seven of its past 11 starts, a streak that would've ended this week if not for the race.
Newman scored points on five occasions in his opening two starts and, after the last race, he has eight points on three of his final eight starts. Newman's lead of more than 10 points with five races remaining has fueled speculation that he is headed for the Chase as the No. 1 driver, despite an unfulfilled five-year contract as an associate producer for NBC Sports.
Johnson Motorsports has been one of the top three teams in the field since its debut season in the top half of the NASCAR field. But it lost two races since then, losing its second race in Texas and losing out to Denny Hamlin in Texas.
Texas also beat a handful of other drivers last week in its first four races, including Tony Stewart and Tony Kanaan.
After last week's race, Texas has a chance to claim its third win of the season after leading for five races in a row.
Ford was dominant, leading Johnson in the race for most of the day until Johnson pulled away from the leader with only three laps remaining.
"You're always going to be a little bit like the horse race, you know?" Newman said. "We're just doing what we need to do. The car is not in good shape for the track today, but we are a great car and we're doing what we need to do."
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