[SunkenCiv]

Plummeting property values in downtown Portland are costing the city millions of dollars in tax revenue. That's tax money that would go to police, fire, parks, and more.

Wright Gazaway looked into some of the changes in property value for Portland's iconic buildings for a report set to air at 6 p.m. Monday. 

Portland property values plummet downtown from 2019 to 2024,
costing city millions in tax revenue | 0:29 
KATU News | 57.7K subscribers | 1,171 views | March 17, 2025

[ProtectOurFreedom]

For Fiscal Year 2024-25, Portland has a city budget of $8.2 BILLION. That’s the annual budget.

FTA: They are going to suffer a $33 million tax revenue loss over the next five years.

That’s $0.006 billion per year. You’re telling me they can’t figure out how to balance their budget if they suffer a 0.07% shortfall?

The numbers don’t add up here.

[Bon of Babble]

Can’t imagine why anyone sane would want to live there.