The Portland School Board chose a plan Tuesday to ask voters to approve a $482 million bond that would repair or replace some of its aging schools. The property tax levy would go on the November General Election ballot.
The plan would cost each homeowner $110 a year for every $100,000 in home value, and more than half of that money would go to modernizing or replacing Faubion Pre K-8 School in northeast Portland and Grant, Roosevelt, and Franklin high schools.
Although voters rejected a construction bond effort in 2011, stakeholders believe Portlanders have more confidence in higher taxes this year with a slightly improved economy.
Supporters said the new plan is the first step in a 32-year plan to ask for seven different school bonds raising more than $3 billion to modernize district buildings.
The public is invited to attend a hearing on Thursday at 7 p.m. at the board’s headquarters on North Dixon to share opinions on the district’s proposal.