A large majority of Portland Public Schools voters approved a $482 million bond measure to fund facility upgrades.

The measure raises property taxes for eight years and at a rate of $1.10 per $1,000 of assessed value with a 30-cent rate continuing for an additional 12 years.

The money from the sale of the bonds would be used to upgrade four schools and retrofit campuses for accessibility and potential earthquakes.

In 2011, Portland school district voters narrowly rejected a $548 million construction bond measure — the biggest ever attempted by a local government in Oregon. The ballot initiative lost by a margin of 50% to 49% in a special election.

The measure would have raised property taxes by $2 per $1,000 of taxable assessed value.

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