I see that the Corvallis School Board supports the Southtown urban renewal plan. Corvallis city estimates Corvallis schools will lose an estimated $24 million to the proposed urban renewal district over the next 30 years.
Because the state Legislature alone decides how much money is spent on K-12 education, that money will be backfilled using the established, complicated "public school funding formula." That means schools have no skin in the game; they are protected by law. So it is really unethical for them to make supportive statements.
Oregon Department of Revenue researchers estimate $70 million per year is needed to backfill lost funding to schools because of urban renewal districts. That money comes from increased income taxes paid by all Oregonians. Stop the unwise spending. Vote "No" on Measure 2-121.
Albany (March 8)