Oregon Urban Redevelopment Taxes, Measure 5 (1958)

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The Oregon Urban Redevelopment Taxes Amendment, also known as Measure 5, was on the November 4, 1958 ballot in Oregon as a legislatively-referred constitutional amendment, where it was defeated. The measure would have levied property taxes against property in an urban redevelopment or renewal project upon the property’s increase in value to pay any indebtedness incurred from the development.[1]

Election results

Oregon Measure 5 (1958)
ResultVotesPercentage
Defeatedd No268,71654.83%
Yes 221,330 45.17%

Election results via: Oregon Blue Book

Text of measure

The language appeared on the ballot as:[1]

5. FINANCING URBAN REDEVELOPMENT PROJECTS - Purpose: Makes possible for property taxes levied against property included in an urban redevelopment or renewal project to be divided so that taxes levied against any increase in value of such property shall be used to pay any indebtedness incurred in carrying out the project.

YES □

NO □

[2]

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References

  1. 1.0 1.1 Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed November 21, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.