Why This Effort?

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Initiative Tracker -- Improve Public Finance and Services

 

Objective

Revamp Oregon's system of public finance and budgeting to provide stable funding for critical public services and to create strong incentives for economic growth

 

Initiative Leaders

Malia Wasson, U.S. Ban - Oregon; Brett Wilcox, Summit Power Alternatives; Northwest Aluminum, Ken Thrasher, Compli

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Agenda for 2009

 

Download the 2009 OBP Public Finance Initiative

 

The Oregon Business Plan recommends that the Governor and Legislature:  

  • Overhaul the counterproductive personal and corporate income tax kickers.  Enact long-term budgeting and and the other recommendations of the Revenue Restructuring Task Force.  

  • Maintain stability of PreK-20 education services by establishing policy for disciplined withdrawals from an expanded Education Stability Fund.

  • Leverage federal revenue to support critical social services in times of growing need.

  • Develop a complete and transparent account of the impact of market declines on the state's pension system.

  • Launch the debate on the replacement of federal timber payments.  

Key bills to track in 2009 Legislative Session (to read or get the latest status on any of these bills, visit http://www.leg.state.or.us/searchmeas.html and enter the measure number.

 
Public Finance Establish a method for more reliable revenue forecasting and more prudent state budgeting; direct ending balances into the Rainy Day Fund.  This will require a change in how the state treats surplus revenue  Recommendation of the Revenue Restructuring Task Force SJR 29 Referred to Finance and Revenue, then Rules.  Public hearing held 03/12
Public Finance Apply a balanced budget rule to initiatives by adding information about the fiscal consequences of a measure to the ballot title Recommendation of the Revenue Restructuring Task Force SB 656 Referred to Rules.  Public Hearing held 04/03
Public Finance Apply a balanced budget rule to initiatives by adding information about the fiscal consequences of a measure to the ballot title Recommendation of the Revenue Restructuring Task Force HB 2845 Referred to Rules.  Hearing held 04/01
Public Finance Apply a balanced budget rule to initiatives by adding information about the fiscal consequences of a measure to the ballot title Recommendation of the Revenue Restructuring Task Force HJR 28 Referrred to rules.  Hearing held 04/01
Public Finance Provide greater public involvement and input into the initiative process through increased legislative involvement Recommendation of the Revenue Restructuring Task Force HJR 17 Referred to Rules.  Heaing held on C4/30
Public Finance Provide greater public involvement and input into the initiative process through increased legislative involvement Recommendation of the Revenue Restructuring Task Force HB 2820 Referred to rules.  Work session held 3/30

 

 

Tell us what you think about our 2009 Public Finance recommendations.  Review public finance accomplishments here.  

 

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