The Oregon legislature will soon pass HB3276 which forgives the Port of Coos Bay an existing $185K tax bill for property along the Coos Bay Rail Line and extends the exemption for at least ten years. The bill is co-sponsored by former educator, Senator Arnie Roblan and former school board member, Rep Caddy McKeown. According to the Coos County Assessor’s office, Coos Bay Rail Road Operating Company, LLC, the private rail management arm of the Port of Coos Bay $62,324.76 is owed to taxing districts within Coos County for July 1, 2012 to June 30, 2013 including $28,775.44 to the school districts. The Register Guard reports that the annual education tax bill for the rail line in Lane County is $32,500. The bill is set to sunset in ten years meaning that without including the Reedsport School District for which I don’t have any figures and factoring in a minor expected increase the schools will lose $750K in revenue.

David Koch, CEO of the Port of Coos Bay explains that this is a small price to pay for the rail line which “benefits everyone”. The video is worth transcribing and I may add that later as I will be using this clip along with clips from my discussion with John Sweet this week.