In May 2018, Tualatin voters approved a $20 million G.O. bond measure to support high priority transportation projects, distributed citywide. The bond measure enables the City to move quickly to finance and build the priority projects within just a few years.

Project priorities are guided by community input demonstrating broad support for Tualatin’s three most pressing transportation issues:

'Tualatin Moving Forward' Campaign - Icon - Congestion (icon only)

Congestion Relief

New signals and added travel lanes and turning lanes on Tualatin-Sherwood Road and other streets

'Tualatin Moving Forward' Campaign - Icon - Neighborhood (icon only)

Neighborhood Safety

New pedestrian crossings with signals and driver feedback signs that display speed

'Tualatin Moving Forward' Campaign - Icon - Schools (icon only)

Safe Access to Schools

New crosswalks, speed controls and sidewalks to and from schools

Credit Rating

July 27, 2018 – Tualatin’s strong Aa1 rating reaffirmed

Reasons why:

  • Robust financial position
  • Low debt
  • Large tax base
  • Strong diversified economy

“The rating reflects Tualatin’s sizeable and affluent tax base in the Portland metropolitan area, which continues to experience strong growth as a result of new development and property value appreciation.”

“Healthy reserves, driven by a steady history of small annual surpluses, buttress financial flexibility.”

– Moody’s Investors Service

Bond Sales Yield Savings

  • $20 million of transportation bonds were sold on August 8.
  • Net interest cost of 2.65%.
  • The bonds were sold at a premium (purchasers pay more than par value).
  • This favorable rate enables the City to stretch tax dollars and save money.

Tualatin Moving Forward

Seven Things You Should Know

  • 1 Traffic congestion and neighborhood traffic safety repeatedly score as the #1 concern among Tualatin residents on community surveys.
  • 2 To address traffic congestion and safety problems, Tualatin voters approved a $20 million General Obligation bond measure on the May 2018 ballot.
  • 3 Congestion relief projects will add new signals and/or travel lanes on Tualatin-Sherwood Road, Sagert, Martinazzi, Tualatin Road and Myslony.
  • 4 Safety improvements include pedestrian crossings with signals, crosswalks, sidewalks, bikeways and driver feedback signs that display speed, in areas identified by residents as priorities including downtown, Boones Ferry, the Garden Corner Curves at 105th/Blake, Sagert, Highway 99W and Grahams Ferry.
  • 5 These traffic congestion and safety improvement projects are ready to go and most can be completed in 3 to 5 years.
  • 6 The bond measure approved by voters is estimated to increase the property tax by 50 cents per $1,000 of taxable value, or $141 per year for a typical Tualatin home.
  • 7 Tualatin’s strong financial position limits borrowing costs and stretches tax dollars further. Tualatin has one of the lowest tax rates among Washington County cities, and a low level of debt. The City’s excellent Aa1 bond rating reduces interest paid on City-issued bonds.

The Regional Context:

What Tualatin Residents May Notice About Traffic Congestion

 
Traffic
Scorecard*

#
Most Congested Metro Area

Portland is the nation’s 40th largest – but #12 most congested metro area (of 297 metro cities)

#
Most Congested in North America

#13 in North America (319 cities) – more congested than any city in Mexico and every Canadian city except Montreal.

#
Most Congested in the World

#40 most congested in world (1,360 cities)

%

Portland area congestion is worst at peak commute hours, but now present at all times of day/week

Most Congested U.S. Cities**

  • 1 Honolulu
  • 2 Jacksonville
  • 3 San Diego
  • 4 Los Angeles
  • 5 Portland

* Source: INRIX Global Traffic Scorecard, February 2018
** Source: WAZE Driver Satisfaction Index, December 2017

login