Oregon Measure 5, Urban Redevelopment Taxes Amendment (1958)
| Oregon Measure 5 | |
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| Election date |
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| Topic Public economic investment policy and Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 5 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 4, 1958. It was defeated.
A "yes" vote supported implementing property taxes on the increased value of property within an urban redevelopment or renewal project to pay debts accrued from the development. |
A "no" vote opposed implementing property taxes on the increased value of property within an urban redevelopment or renewal project to pay debts accrued from the development. |
Election results
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Oregon Measure 5 |
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| Result | Votes | Percentage | ||
| Yes | 221,330 | 45.17% | ||
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268,716 | 54.83% | ||
Text of measure
Ballot title
The ballot title for Measure 5 was as follows:
| “ | 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. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Oregon Constitution
A simple majority vote is required during one legislative session for the Oregon State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 31 votes in the Oregon House of Representatives and 16 votes in the Oregon State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Oregon Salem (capital) |
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