• Mt. Hood Community College General Obligation Bond Quick Facts

  • How much?

    • Amount of general obligation bonds to be issued: $75 million
    • Rate based on average assessed value, not market value
    • Estimated tax rate per $100,000 of assessed value: $23 The cost to a typical homeowner with an assessed home value of $200,000 would be $46 per year.

    Requirements for a successful vote:

    • Requires approval of a simple majority of the district’s voters
    • Funds may not be used for administrative or faculty/staff salaries
    • Requires a citizens’ oversight committee and financial audits
    • All money will improve Mt. Hood Community College – nothing goes to the state

    What is it for?

    • The Bond Measure is needed to maintain and improve the high standard of education at Mt. Hood Community College by:
      • Building a new Workforce and Applied Technology Center on the Gresham campus, which would house laboratories and classrooms, and expand the college’s efforts in providing applied technology careers.
      • Upgrading and improving the college’s safety and security infrastructure, including the use of new technologies, and seismic upgrades and retrofitting to protect against earthquakes.
      • Securing $8 million in state matching funds that will otherwise be lost, which would be used for additional support for the Workforce and Applied Technology Center.
      • Freeing up more operating funds by refinancing existing capital obligations.

    College Facts

    • Student population: more than 25,000
    • First classes: 1966
    • Permanent campus opened: 1966
    • More than 200,000 graduates since 1966
    • More than 120 degree and certificate programs
    • Campus locations: Gresham Campus, Maywood Campus, the Bruning Center for Allied Health
    • Intercollegiate sports: 9
    • Faculty & staff: more than 1200
    • Value: Mt. Hood Community College provides top-quality, higher education locally at a fraction of the cost compared to other higher education options, saving tax dollars and tuition funds.
    • Local economic impact: The college boosts the local economy, providing employers with well-trained professionals ready to enter the workforce. In its most recent Economic Impact Report, the college has an overall effect of directly adding $92.3 million to the local economy in goods, services and value added, along with an overall impact of nearly $700 million when factoring in success of students, alumni and jobs created