Steve Novick’s CEO tax wins close vote, putting Portland on world map | OregonLive.com

The tax targets publicly traded companies whose chief executives report salaries at least 100 times higher than the salary of a median worker. Officials expect to raise $2.5 million a year starting in January 2017, with Commissioner Steve Novick hoping the money will help pay for homeless services.

Source: Steve Novick’s CEO tax wins close vote, putting Portland on world map | OregonLive.com

tax targets publicly traded companies whose chief executives report salaries at least 100 times higher than the salary of a median worker. Officials expect to raise $2.5 million a year starting in January 2018

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