Published on Wednesday, September 12, 2012 | Written by Jim Redden
Local leaders balk as lawmaker seeks cuts to job creation fund
An influential Portland-area legislator thinks local and regional governments are owed too much money from state income taxes collected as part of their economic development efforts.
State Sen. Ginny Burdick, who represents Southwest Portland and parts of Washington County, wants the 2013 Legislature to reconsider how the state repays cities, counties and special districts that waive their property taxes to
attract new jobs.
The state has not made any such payments yet because of a possible legal glitch in the program created by the 2007 Oregon Legislature. Called Gain Share, it requires that 50 percent of the state income taxes generated by new jobs that qualify for the program be sent back to the local and regional governments.
Burdick says the potential cost is more than the Legislature estimated, however. She believes the distribution formula should be recalculated.
by: PAMPLIN MEDIA GROUP: CHASE ALLGOOD - Portland-area State Sen. Ginny Burdick thinks the state owes Washington County governments too much money for their economic development work in support of Intel's D1X
fabrication plant and other job-creating projects.
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