Bond Finances, Property Taxes & State Grants
Understand how the $16.5 million bond affects your property taxes, details on the $6.1 million OSCIM grant, Oregon school funding mechanisms, and historical bond tax rates.
How Public Schools Are Funded in Oregon
Oregon's school finance system is complex, blending state, local, and federal revenues to support 197 school districts and 19 Education Service Districts.
The primary funding mechanism is the State School Fund (SSF), which allocates money based on a statutory equalization formula that combines state appropriations and local revenues, such as property taxes. This system is designed to ensure equity among districts with varying local wealth.
Key Revenue Sources
State Contributions
Oregon's legislature provides K-12 education funding through three primary sources:
General Fund (primarily income taxes)
Lottery receipts
Corporate Activities Tax
These contributions form the State School Fund (SSF), which totals $10.2 billion for the 2023-2025 biennium, representing about 66.5 percent of the funds distributed to schools.
Local Revenues
Local contributions, largely from property taxes, provide another significant portion of school funding. For 2023-2025, local revenues are estimated at $5.1 billion, making up about 33.5% of total funding.
These local sources include:
Property taxes
The County School Fund
Revenues from state-managed timber trust lands
Oregon also allows districts to ask voters for additional funding via a local option tax, but this is capped to prevent wide disparities in district funding.
Federal Funding and Grants-in-Aid
In addition to state and local sources, schools receive federal grants, particularly for specific programs like Title I for high-poverty schools and special education. For 2023-2025, federal and state grants-in-aid, including those from the Corporate Activities Tax, provide significant additional funding for specific purposes, such as nutrition programs and professional development.
School Funding Distribution
The SSF and local revenues are distributed using an equalization formula that adjusts for each district’s specific needs, ensuring equity across Oregon.
Factors like teacher experience, transportation costs, and a district’s student population (measured by a weighted student count) influence the allocation of funds. For example, students in poverty or English language learners receive additional weighting in the formula to reflect their greater educational needs.
The goal is to ensure that all students, regardless of their district’s wealth, have access to comparable educational resources.
Where can I get information about how Glide Schools are funded?
Information about the District's finances can be found on the district website through Glide School District’s Public Records.
By the Numbers
What is the current property tax rate for the Glide School District?
The current bond rate for the District is $0.91 per $1,000 of assessed value.
If the bond measure passes, what would the property tax rate be?
The estimated district property tax rate if the measure passes is estimated to remain the same: $0.91 per $1,000 of assessed property value.
What is the $6.1 Million OSCIM Grant?
The Oregon School Capital Improvement Matching (OSCIM) Program provides matching grants to districts that pass a local general obligation bond.
If the bond measure passes, the state would provide the District with a $6.1 million matching grant. This would provide the district with additional funds for facility improvements.
If the bond measure does not pass, the District would not receive matching funds from the state.
2026 Glide School District Bond Proposed Funding Sources
Permissible Uses of Bond Funds
If the measure passes, what could the bond funds be used to pay for?
By law, General Obligation Bond funds can only be used for the capital projects outlined in the ballot explanatory statement.
These funds cannot be used for items such as PERS, salaries, or other employee expenses, nor can they be used for routine maintenance or supplies.
Outstanding General Obligation Bonds – Actual and Projected Levy Rates
To help voters evaluate the district's financial track record and future tax impact, the following data details our historical debt levy rates alongside projected levy rates for upcoming general obligation bonds.
Glide School District Historic Bond Tax Rates
Glide School District Projected Bond Tax Rates
Frequently Asked Questions about Bond Finances, Property Taxes & State Grants
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The current bond rate for the Glide School District is $0.91/$1,000 assessed value.
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The $16.5 million bond is projected to maintain the District’s current estimated bond tax rate of $0.91 per $1,000 of assessed property value.
No increase in the current bond tax rate is anticipated.
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The Oregon School Capital Improvement Matching (OSCIM) Program provides matching grants to districts that pass a local general obligation bond.
If the bond measure passes, the state would provide the District with a $6.1 million matching grant. This would provide the district with additional funds for facility improvements.
If the bond measure does not pass, the District would not receive matching funds from the state.
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By law, General Obligation Bond funds can only be used for the capital projects outlined in the ballot explanatory statement.
These funds cannot be used for items such as PERS, salaries, or other employee expenses, nor can they be used for routine maintenance or supplies.
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Oregon's school finance system is complex, blending state, local, and federal revenues to support 197 school districts and 19 Education Service Districts (ESDs).
The primary funding mechanism is the State School Fund (SSF), which allocates money based on a statutory equalization formula that combines state appropriations and local revenues, such as property taxes. This system is designed to ensure equity among districts with varying local wealth.
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Information about the District's finances can be found on the district website through Glide School District’s Public Records.
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Historically, the Glide School District bond tax rates per $1,000 of assessed value have been:
2008: $1.04
2009: $1.02
2010: $1.10
2011: $1.10
2012: $1.08
2013: $0.95
2014: $0.98
2015: $0.97
2016: $0.98
2017: $0.98
2018: $0.96
2019: $0.96
2020: $0.95
2021: $0.86
2022: $0.88
2023: $0.86
2024: $0.90
2025: $0.91
2026: $0.91 (current)