Business Plan Initiative Leader Testifies on Stability Fund (2/28/05)

On February 28, Oregon Business Plan public finance initiative leader Ron Parker kicked off a week of testimony on stability funds in the Senate Revenue Committee.  From its inception, the Oregon Business Plan has supported the creation of an expanded stability fund to help stabilize state revenues during economic downturns.  

Several ideas are on the table for funding an expanded stability fund including using the general fund, a greater portion of the lottery, or ending balances.  The Oregon Business Plan Steering Committee has assigned a team (led by Ron Parker) to evaluate the various proposals as they move forward this session.  

View Ron Parker's presentation from the Senate Revenue Committee (PDF).

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