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Lake Oswego voters renew school district levy

Lake Oswego voters approved Tuesday an extension of the school district’s five-year local option levy.

Voters approved Measure 3-434 by a wide margin, with about 77 percent of voters saying "yes" to the levy.

The local option levy would cost about $1.39 or less per each $1,000 of assessed property value. Without the levy, Lake Oswego school officials said the district would have to cut about $7 million from its budget beginning in 2015-16.