Metro voters overwhelmingly approved the elected regional government's $250 million-per-year ballot measure for homeless services at the May 19 primary election.
Now comes the hard part — collecting and spending the money.
The new program is scheduled to last 10 years.
Metro President Lynn Peterson and staff members working on the new program held a teleconference on Thursday, May 21, to discuss next steps. They include appointing a stakeholder group to help Metro decide such question as who will collect the anticipated revenue and who will receive it.
The measure imposes a 1% marginal tax on the personal incomes of individuals earning more than $125,000, couples earning more than $200,000, and businesses with revenues of more than $5 million. The money is intended to support services to keep the chronically homeless housed and to prevent at-risk households from becoming homeless.
Several important questions need to be answered, Peterson and the staff said during the May 21 presentation. They include which government will collect the taxes and how it will be distributed.
As the staff members explained, Metro has added a schedule to its webpage on the program. It shows Metro leading a decision-making process from June to September, local jurisdictions expecting to receive the revenue developing local implementation plans from September to January 2021, and the first funds being spent in July of next year.
The tax collection system is expected to be developed from June to January 2021, with the first quarterly revenues being collected from individuals in April if next year.
Readers can find more details here.
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