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Portland Has Less Money For The Sellwood Bridge

Kristian Foden-Vencil, OPB - December 13, 2012

Portland city's share of the cost to build the new Sellwood Bridge just dropped -- from a possible $100 million to a maximum of $86 million.

The city had to reduce what it could pay  because of what's known as compression. Compression is the process the city uses to reduce property taxes to the limits imposed by Measure 5. So, because voters passed measures like the library taxing district in November, the city had to reduce its expenditures on other things -- like the Sellwood Bridge.

Read the full article at OPB online