$464M tax plan to fix streets will go to voters

PORTLAND, Ore. - After a bit of political rangling at City Hall on Wednesday, a decision was made to send a plan to raise the $464 million needed to fix Portland's streets to voters in November.

The plan is sponsored by City Commissioner Sam Adams, who wants money to pay for repairs and improvements to some of the city's deteriorating streets.

The money would come mostly from new city street fees charged to homeowners and businesses.  Even though homeowners would pay much less per month than businesses, there are more homes in Portland, so homeowners and businesses would actually split the $464 million price tag 50/50.