Contact

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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FAQs

  • What can general obligation bond funds be used for?
  • What is excluded from the use of general obligation bond funds?
  • What sort of oversight for the bond will there be?
More FAQs

 

How Projects Were 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:

Streets and Sidewalks
Fire Engines and Equipment
Property for Future Development
Park Upgrades
Affordable Housing
Technology and Cybersecurity
Civic Center Seismic Upgrades

Bond Distribution

2022 Community Improvement Bond Pie Chart

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.

Community Improvement Bond Levy Bar Graph

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.