OCCC Proposes Bond Measure

An architect's rendering of the Oregon Coast Center for Trades Vocational Education

College plans to refer a proposed bond measure to the May 2023 ballot to fund new Center for Trades Education

College plans to refer a proposed bond measure to the May 2023 ballot to fund new Center for Trades Education

On May 16, 2023, pending final Ballot Title approval in February by the OCCC Board of Education, Lincoln County voters will have the opportunity to vote on whether to pass a proposed bond measure that would fund a new OCCC facility to house trades/vocational education opportunities in Lincoln County.  If the measure passes, the bonds would raise $32 million and would secure $8.14 million in matching funding from the State of Oregon. 

The bonds voters passed in 2004 to construct the college’s current facilities will expire on June 30, 2025. The proposed new bonds would be issued in 2023.  If the measure passes, the bonds would fund construction of a new trades education facility in Lincoln County, and would authorize the issuance of new bonds beginning in the 2023-2024 fiscal year. The measure is estimated to increase taxes by $0.05 per $1000 of assessed property value, resulting in a new tax rate of $0.26 per $1000 of assessed property value.  If passed, the new bonds would expire in 2043. 

If the measure does not pass, property taxes would not be increased, and the proposed new facility would not be constructed.  The current bond rate (estimated $0.21 per $1000 of assessed property value in 2023, estimated $0.23 per $1000 of assessed property value in 2024 and 2025) would remain unchanged until those bonds expire on June 30, 2025. 

{Read the Proposed Ballot Title}

Oregon Coast Community College