{"id":1991043,"date":"2023-08-04T14:21:01","date_gmt":"2023-08-04T18:21:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/portland-lost-1-billion-as-residents-fled-homelessness-and-crime\/"},"modified":"2023-08-04T14:23:49","modified_gmt":"2023-08-04T18:23:49","slug":"portland-lost-1-billion-as-residents-fled-homelessness-and-crime","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/portland-lost-1-billion-as-residents-fled-homelessness-and-crime\/","title":{"rendered":"Portland suffered a $1 billion loss due to an exodus of residents caused by homelessness and crime."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fportland-lost-1-billion-as-residents-fled-homelessness-and-crime%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1991043&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Portland, Oregon: A \u200cCity in Decline<\/h2>\n<p>Portland, Oregon, once a thriving city known\u2064 for its vibrant culture and beautiful\u200b landscapes, is now facing a significant decline. In\u200b the span of just\u2063 one year, from 2020 to 2021, the city lost \u200da \u2064staggering $1 billion in revenue as residents\u200b fled rampant\u2063 homelessness and crime, taking \u200btheir\u200c tax \u2063dollars with them.<\/p>\n<blockquote>\n<p>&#8220;Most big cities saw a return \u200dof their residents after 2020. Portland did not,&#8221; says trial attorney Kristen Olson. &#8220;What differentiates\u200c Portland from other big cities\u2064 in the U.S. is that\u200d we have \u200can enormous homelessness and fentanyl addiction epidemic and extremely high\u200b taxes for these same issues \u200dthat paradoxically only \u200cseem to worsen\u2064 the\u2062 very problems they\u2019re supposed to \u200bsolve.&#8221;<\/p>\n<\/blockquote>\n<h3>A City in Crisis<\/h3>\n<p>The exodus of residents from Portland has\u200c been significant. According\u2064 to an analysis of\u2063 Internal Revenue Service data by Oregon Live, Multnomah County, where Portland \u2062is located, saw a staggering \u200dloss \u2062of 14,257 persons filing taxes, \u2063resulting in the record\u2062 loss\u200c of $1 billion in revenue. And it&#8217;s not \u2064just any residents leaving; those who \u200cmoved \u2063were relatively wealthy, with incomes 14% higher than those who had moved out the previous\u2063 year.<\/p>\n<p>This decline in population is a\u200d stark \u2062departure from Portland&#8217;s \u200dhistorical growth.\u200b For 15 consecutive\u200d years,\u2064 the city experienced growth, only to become one of America&#8217;s &#8220;fastest-shrinking&#8221; cities. From July 2021 to July 2022 \u200dalone, the area lost\u2064 an additional 8,308 residents, marking a\u200b nearly 3% decline in population over just two years.<\/p>\n<h3>A City Struggling to Fund Social Programs<\/h3>\n<p>The loss of residents \u2063and their tax dollars poses a significant challenge for the liberal state of Oregon, where personal income taxes make up 86% \u2062of the state&#8217;s general fund. EcoNorthwest economist Mike \u2062Wilkerson\u200d warns \u200bthat the \u2064high levels of migration \u2062could hinder the\u2063 state&#8217;s ability to\u200b pay for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/living-through-a-socialist-collapse-an-insiders-account-of-venezuelas-demise\/\" title=\"Living Through A Socialist Collapse: An Insider\u2019s Account Of Venezuela\u2019s Demise\">social programs<\/a>, as residents making salaries of $125,000 or more contribute 24% of all <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/when-politicians-call-for-fairness-theyre-usually-lying\/\" title=\"When Politicians Call For \u2018Fairness,\u2018 They\u2019re Usually Lying\">income tax revenue<\/a>.<\/p>\n<p>Furthermore, the legalization\u2063 of all hard drugs in the state through \u2063Measure 110 has only \u200dexacerbated the\u2064 city&#8217;s \u200bproblems.\u2063 Homelessness and crime have skyrocketed, creating social and economic havoc. Despite \u2062the loss \u200din\u2062 revenue, the\u2063 county&#8217;s \u200dbudget continues to grow in order to\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/portland-lost-1-billion-as-residents-fled-homelessness-and-crime\/\" title=\"Portland suffered a  billion loss due to an exodus of residents caused by homelessness and crime.\">fund \u2064drug-related social programs<\/a>.<\/p>\n<h3>The Future of \u2062Portland<\/h3>\n<p>As the city grapples with these challenges, \u200cit\u200c remains to \u2062be\u2062 seen what the future \u2063holds\u2062 for Portland. Will\u2064 more residents continue to leave, further straining the city&#8217;s resources? Will the high taxes and lack of effective \u200csolutions\u2062 to homelessness \u200band addiction\u2062 drive away even more \u200cpeople?<\/p>\n<p>One thing is clear: Portland is \u200bat\u200c a crossroads, and the decisions made \u200din the \u2064coming years will shape the city&#8217;s \u200ddestiny.<\/p>\n<p><strong>Click here \u2064to read \u2062more \u200cfrom the Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Portland, Oregon suffered a $1 billion loss from 2020 to 2021 due to residents leaving due to homelessness and crime. Oregon Live&#8217;s analysis of IRS data revealed that Multnomah County, home to Portland, saw 14,257 taxpayers depart, leading to a record revenue decline.<\/p>\n","protected":false},"author":1,"featured_media":1991044,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1991043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1991043"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1991044"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1991043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1991043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1991043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}