Much of the intrigue in this year’s legislative session centers around lawmakers’ push to raise corporate taxes by $2 billion to better fund Oregon’s struggling K-12 schools.
Meanwhile, behind the scenes, Gov. Kate Brown is aggressively shaking the sofa cushions of state government in a companion effort to protect that investment from being spent on school districts’ increasing pension costs.
It’s a desperate attempt to take action that everyone agrees is needed. But it appears that for all of Brown’s efforts, she’ll come up short — an illustration of the sheer size of the pension problem and the paucity of available revenue streams to address it.