Voters in the Portland Metro area in Oregon approved Measure 26-210 on Tuesday, authorizing an income surtax and business tax to fund homeless services. The measure authorizes a 1% tax on household income above $200,000 and individual income above $150,000 and a 1% profit tax on businesses with gross receipts higher than $5 million. The income tax was designed to be on resident and non-resident income earned within the Metro area.
Metro officials estimated the combined revenue of the income and business taxes to be $248 million per year. The tax would take effect in 2021 and expire in 2030. Measure 26-210 required that the revenue raised by the income and business taxes be divided according to the proportion expected to be received from the three counties that make up Portland Metro. Multnomah County was set to receive 45.3% of the revenue, Washington County was set to receive 33.3%, and Clackamas County was set to receive 21.3%. A 20-member oversight committee will be formed to conduct and publish annual financial audits.
Vote totals available as of Wednesday afternoon showed voters approving Measure 26-210 by a vote of 63% to 37%. Voters in Multnomah county approved the measure by a vote of 77% in favor to 23% opposed. Voters in Washington County approved the measure by a vote of 52% in favor to 48% opposed. Voters in Clackamas county rejected the measure by a vote of 53% opposed to 47% in favor. Here Together Coalition led the campaign in support of Measure 26-210. Alliance for an Affordable Metro led the campaign in opposition to Measure 26-210.
Portland voters also approved Measure 26-209 to authorize the renewal of the city’s gas tax for four years at a rate of $0.10 per gallon and dedicate revenues to infrastructure repairs. City officials estimated the gas tax would raise $74.5 million over four years. The $0.10 gas tax was first approved in 2016. Vote totals available as of Wednesday afternoon showed voters approving Measure 26-209 by a vote of 77% to 23%. The measure was approved in each county.