Salem, Oregon
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City Manager's Office
555 Liberty St. SE
Room 220
Salem, OR 97301
503-588-6255
bond2022@cityofsalem.net
Hours
Monday - Friday
8:00 a.m. - 5:00 p.m.
News
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Traffic Alert: Liberty Street SE Construction Will Close Two Northbound Lanes Starting September 29
Beginning September 29, 2024, two northbound lanes on Liberty Street SE between Oak Street SE and Trade Street SE will close for construction.
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Traffic Alert: Overnight Paving to Impact Traffic on Commercial Street SE Starting September 22, 2024
Commercial Street from Fabry Road SE to Interstate 5 may experience travel disrupted by paving activities over the next week.
FAQs
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What can general obligation bond funds be used for?
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What is excluded from the use of general obligation bond funds?
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What sort of oversight for the bond will there be?
Projects
Commercial Street Pavement Rehabilitation
Commercial Street - 12th Street Cutoff Pavement Rehabilitation
Doaks Ferry Road NW Pavement Rehabilitation
15th Street NE Bridge Rehabilitation
McGilchrist Complete Streets Project
Mission Street SE Bridge Rehabilitation
Liberty Street NE Bridge Rehabilitation
Liberty Street SE Pavement Rehabilitation
Safety and Livability Bond
After approving the $300 million community improvement bond measure in November of 2022, residents in Salem have allowed the City to fund a ten-year plan to increase funding for street upgrades, sidewalk construction and repair, construction of bicycle facilities, replacement of old fire engines and equipment, updating information technology and cybersecurity tools, acquiring property for future affordable housing developments, fire stations, and two branch libraries; and complete earthquake safety upgrades to the Civic Center.
The bond will be paid off over 30 years, and would maintain the City of Salem bonded tax rates at the current levels.
How Projects Were Selected
Selected projects are citywide, and include projects to improve existing and build new streets, sidewalks, bike facilities, and parks; acquire fire engines and equipment; establish an affordable housing fund; acquire sites for and construct two new fire stations; acquire sites for affordable housing, with funds to establish two branch libraries; construct earthquake safety renovations to the Civic Center; and upgrade information technology to provide cybersecurity for City infrastructure.
Project ideas came from community outreach through Neighborhood Associations, City boards and commissions, other organizations, and City residents. Some ideas came from public testimony during the Bond Steering Committee meetings, others from earlier community outreach in planning park areas or planning of travel corridors for bicycles or vehicles. In building the proposal, the Bond Steering Committee members considered equity and climate.
The projects do not address all the streets and parks in Salem. The voter approved uses for this bond measure are:
How it affects your taxes?
The bond measure provides up to $300 million over 10 years, while maintaining a consistent tax levy rate of $1.20 per $1,000 of assessed property value.
10-Year Plan
Previous City bond measures will be paid off and removed from the tax rolls over the next decade, refinancing of debt at lower rates, and the increase in the assessed value of Salem properties, would provide up to $300 million for the current proposed infrastructure bond – while maintaining current tax rates. The Salem bond rate would remain at $1.20 per $1,000 of assessed value. The average estimated tax rate over the life of the proposed bond is $0.67 per $1,000 of assessed value or $134 annually / $11.17 monthly for an average house (assessed value of $200,000) in Salem.
The bond funded projects would provide for or repair existing infrastructure, reduce funds currently spent on repairs and maintenance of facilities and aging equipment, and provide energy efficiency.