How would you vote on a $482M construction bond for Portland schools?
PORTLAND - Members of the Portland School Board voted unanimously Monday night to put a multi-million dollar funding plan on the November ballot.
School leaders say the $482 million construction bond would modernize Franklin, Grant and Roosevelt high schools and upgrade other schools throughout the district.
Schools with seismic upgrade needs were a priority for the bond. A citizen speaking before the vote voiced the hope that earthquake tragedies at schools in Japan and Haiti could be avoided in the Portland School District if the bond is approved.
The proposed bond would add $1.10 in taxes for every thousand dollars in assessed property value for eight years, and then 30 cents per thousand dollars of assessed value for an additional 12 years.
Portland residents will vote on the bond proposal November 6, 2012.put