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.
Safety and Livability Bond
Community Improvement Bond Approved
In November 2022, Salem residents approved a $300 million community improvement bond. This bond will fund a ten-year plan to make various improvements in the city.
What the Bond Will Fund
The bond will be used for several important projects, including:
- Improving streets
- Building and repairing sidewalks
- Constructing bicycle paths
- Replacing old fire engines and equipment
- Upgrading technology and cybersecurity
- Purchasing land for affordable housing
- Building two new fire stations and branch libraries
- Making earthquake safety improvements to the Civic Center
Payment Plan
The bond will be paid off over 30 years while keeping the City of Salem’s tax rates at their current levels.
How Projects Were Chosen
The selected projects aim to improve streets, sidewalks, bike paths, parks, and public facilities throughout the city. The bond will also fund new fire engines, create an affordable housing fund, and purchase land for two new fire stations. Additionally, it will acquire sites for affordable housing and provide funds to establish two branch libraries. The Civic Center will receive earthquake safety upgrades, and the City’s technology systems will be updated to enhance cybersecurity.
Community Involvement
The City gathered project ideas through community outreach. This included input from Neighborhood Associations, City boards and commissions, local organizations, and residents. Some ideas came from public testimony during Bond Steering Committee meetings, while others were based on previous community planning efforts. The Bond Steering Committee took equity and climate into account when selecting projects.
Bond Distribution
- Streets and Sidewalks
- $157M
- Park Upgrades
- $28.4M
- Civic Center Earthquake Safety
- $39.5M
- Technology and Cybersecurity
- $17.6M
- Sites for Affordable Housing/Library Branches
- $7.5M
- Affordable Housing Opportunity Funds
- $10.0M
- Fire Engines and Equipment
- $26.0M
- Future Fire Stations
- $14.0M
Project Limitations
It is important to note that the bond does not cover all streets and parks in Salem. Below is a summary of the voter-approved projects:
How it affects your taxes?
The bond will provide up to $300 million over ten years while keeping the City’s tax rate at $1.20 per $1,000 of assessed property value.
10-Year Plan
Over the next decade, previous City bond measures will be paid off and removed from the tax rolls. Refinancing debt at lower rates and the rising assessed value of Salem properties is allowing the City to fund up to $300 million for the infrastructure bond while keeping tax rates the same. The Salem bond rate will stay at $1.20 per $1,000 of assessed property value. On average, the tax rate over this bond’s life is estimated at $0.67 per $1,000 of assessed value. For a home assessed at $200,000, this equals about $134 per year or $11.17 per month.
The bond will fund projects to build or repair infrastructure, reducing repair and maintenance costs for aging facilities and equipment, and improve energy efficiency.
