$100,000 isn’t enough to live in Portland

By Taxpayers Association of Oregon
OregonWatchdog.com

Portland is a city with numerous problems, and the cost-of-living crisis is intensifying. An article by Lending Tree states that the average monthly expenditures costing $8,789, comes out to $456 more than the monthly earnings of a family making $100,000.  Housing, transportation, and childcare are the three major factors contributing to this high expenditure.

This is a bad sign for the economy of Oregon’s largest city. Portland is still struggling with its current budget crisis and is tapping into whatever funding it can, such as drawing on the Portland Clean Energy Fund (PCEF) as an emergency reserve. It would be wise for Oregon and Portland to find a way to ease the burden by identifying methods to immediately alleviate the strain on the middle class in Portland, as the exodus from the City will become more intense otherwise.

As $100,000 is not enough, Portland is considering:

• expanding the Metro homeless service tax on income, business
• a 2.6% business tax on net income (Con. Novick)
• doubling the Uber tax (Mayor plan)
• increasing parking fees 25% (Mayor Plan)
• a new $1.8 billion school bond

As Portland raises taxes, it drives away businesses, which then causes Portland to give-a-way money to lure businesses back (which cause more taxes to be raised)

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