(Portland, OR) -- The Portland Public School District will ask voters to renew a five year levy. The school board voted Tuesday to put the levy on the ballot this spring. That money currently pays for about 660 teachers. Board members say the tax rate will not increase, and the funds will go only to teachers and classrooms. If approved, the levy would raise more than 500 million dollars over five years. Officials say it's important, because the district is facing 30 million dollars in budget cuts in the next year alone, due to teacher pay increases, declining enrollment and state support.