The measure would cost taxpayers $0.27 per $1000 of assessed property value. The owner of a home assessed at $350,000 would pay $94.50 per year or $7.88 per month.  If passed, the 2024 bond will generate $140 million in revenue designated for campus/center upgrades.

This Bond is scheduled to retire in fiscal year 2026.

While final details will be determined post-election, it is anticipated that the new bond will have multiple issuances over a term of 15-20 years.

The college held extensive community and campus meetings to identify priority areas. If passed, the new bond will pay for:

• Expanding career and technical education: Increase capacity in healthcare, the trades, and emergency services.
• Brooks Center reconfiguration: Expand programming for healthcare and emergency services.
• Building 33 renovation: Create a new trades center for apprenticeship programs (plumbing, HVAC, sheet metal) on the Salem Campus.
• Building 7 renovation: Modernize the 1981 structure for health and wellness programming, complementing its current physical education use and reconfiguring it with federal matching funds to serve the community as a disaster resource site.
• Classroom modernization: Keep pace with technological and academic best practices.
• Parking lot improvements: Enhance safety across Chemeketa's campuses/centers.
• Woodburn Center: Introduce a new science lab which would allow students to complete associate degrees locally. (The Center does not currently have a science lab.)
• Student engagement: Create spaces to support student services, focusing on Salem Campus’s Building 2 and athletic fields.

If the bond does not pass, the projects would not be completed as proposed and taxes would not be imposed.

The election is November 5, with ballots mailed out October 17.