How Portland taxes have grown since the pandemic
Oregon Public Broadcasting - OPB • • business
Key Points:
- Business leaders in Oregon are increasingly concerned about Portland’s rising taxes, which they say create a challenging environment for companies and workers, contributing to a weakening business climate in the city and statewide.
- Oregon’s unemployment rate has risen from around 4% to 5.2% over the past year, and rankings by CNBC and the Tax Foundation place Oregon low in business friendliness, cost of doing business, and tax competitiveness.
- Since 2019, Portland businesses have faced numerous new or increased taxes, including payroll, corporate activity, gross receipts, and property taxes, leading to a significant rise in the total tax burden on local businesses.
- The Oregon Business Plan highlights regulatory burdens and difficulties in securing land for expansion as additional obstacles,
