$21M county hole due to sinking property values (think riots)

By In the news
In: Uncategorized
Thursday November 21, 2024

By Taxpayers Association of Oregon
OregonWatchdog.com

Multnomah County announced that they are $20 million in the hole after tax revenue plummeted due in part to sinking downtown property values which reduce tax revenue.  Those values went down because of 120+ days of rioting and continued riots over the past four years.

Portland scored the worst office vacancy rate in the U.S. this year.  The loss of businesses paying business taxes and employees paying income taxes also drops tax revenue for the county, city and Metro.

So all the liberal politicians appeasing rioters for the past four years, now have a $20 million hole to account for.   Not to mention an extra ten million to pay for graffiti removal alone.

Consider how the PSU library riot alone cost taxpayers $1.4 million.

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