A new law gives taxing districts the power to kill urban-renewal funding requests.
Tualatin is hoping to extend its urban renewal district with another $120 million worth of improvements.
But a new bill now gives taxing districts – including local schools and other service providers – a deciding voice on urban-renewal funding.
“Clearly the smaller taxing districts have a much greater say than before … and that’s how it should be,” said House Speaker Dave Hunt, D-Gladstone, who sponsored the bill. “Now we’ll get to see a first-hand look at how the law will operate.”
Urban renewal funding has been divisive, especially in Portland, where last year Multnomah County leaders fought a plan to use it to help pay for a sports stadium. Last summer, lawmakers unanimously passed a reform bill that does three things:
Read the full story at OregonLive.com.
{biztweet}Tualatin urban renewal{/biztweet}
