| Oregon Ballot Measure 50 1997 |
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Measure 50 was approved by voters in the May 20 , 1997 Special Election , with 429,943 votes in favor, and 341,781 votes against. election results for Measure 50 After the passage of Measure 47, as part of the ongoing Anti-tax Movement in Oregon, there was some confusion as to how the measure would be interpreted by the courts. One interpretation had the ballot measure reducing property tax revenues by $458 million in the fiscal year 1997-1998, while another interpretation, provided by the Oregon Attorney General ,http://www.doj.state.or.us/agoffice/summary.shtml had it providing a reduction of only $270 million. Much of this disagreement had to do with what limitations Measure 47 would place on increases in the assessment of a property's value. Measure 50 limited the adjustments in property tax assessments.http://www.sos.state.or.us/elections/may2097/voters.guide/M50/M50.HTM Proponents argued that Measure 50 was necessary to avoid a lengthy Legal battle as well as Budget uncertainty about the possible effects of Measure 47. Opponents argued that Measure 50, rather than being a re-write of 47, was an attempt to water down the limitations imposed by Measure 47. Indeed, the estimated financial impact of Measure 50 was a $361 million reduction, rather than Measure 47's intended $458 million reduction. REFERENCES EXTERNAL LINKS
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