The Wall Street Journal ran an op-ed connecting state’s pension problems with home values. While the article doesn’t mention Oregon, our PERS crisis and housing affordability problems make the article especially relevant.
The state Office of Economic Analysis could not have conjured a better illustration of the perversity of Oregon’s kicker law: In 2020, the office’s forecasters predict, Oregon will return $686 million to individual income tax payers — just as the state tips into a recession. It’s the fiscal-policy equivalent of spending your savings on a vacation the week before you need to pay for a kidney transplant.
An Aug. 26 Guest View column by a Springfield teacher defended the Public Employees Retirement System and criticized the first legitimate fix for the system proposed by a major Oregon politician — Knute Buehler, the Republican candidate for governor. The author stated that Buehler’s plan would make “younger teachers like me pay the state’s pension liability.”
The two leading candidates for governor, Republican Knute Buehler of Bend and incumbent Democrat Kate Brown, both came out with plans for Oregon’s lackluster education system this summer. Only Buehler offered a way to pay for them.
In summer 2016, Gov. Kate Brown was under pressure to pick a side in the expensive fight over Measure 97, the $3 billion a year corporate tax initiative.
Brown, who was running to serve the remaining two years of former Gov. John Kitzhaber’s term, issued her plan for spending the money Measure 97 would raise but stopped short of endorsing it.
As campaign promises often are, Gov. Kate Brown’s seven-point education strategy is long on aspiration and short on specifics.
Brown doesn’t say how she would fund the teacher hiring spree that would be required by her proposal to reduce class sizes in grades K-3 across the state. She doesn’t mention how much her promise to expand free preschool for 10,000 more kids in the next biennium would cost. And she doesn’t show how her disjointed proposals link together to create a compelling vision on par with the comprehensive plan – though similarly lacking price tags – unveiled in June by her opponent, Republican Knute Buehler.
The Oregon Legislature seems certain to consider property tax reform when it meets next year. Yet finding changes that make the current system better, then persuading voters that they’re fair, will take leadership that we have yet to see.
PORTLAND — Oregonians will have a chance to vote this November on how much legislative support certain state tax laws should need to pass.
Supporters and opponents made their case for and against Ballot Measure 104 Friday before an editorial board meeting of the Pamplin Media Group.
ONTARIO — Although there had been talk several months earlier about him running for governor of Oregon, Knute Buehler said he didn’t decide until later in the summer of 2017 to throw his hat in the ring. He won the Republican nomination in the May Primary to be on the General Election ballot in November.
Buehler visited Malheur County on Tuesday and Wednesday during a campaign swing through eastern Oregon with the message that he, if elected, would provide strong leadership in helping deal with Oregon’s challenges such as the debt in the Public Employees Retirement System, the rural and urban divide, the low ranking of the state’s K-12 school system and homelessness.
SALEM, Ore. (AP) — Personal and corporate income tax collections were higher than forecast as job growth remained strong in Oregon, state economists said on Wednesday.
All industries are expected to grow this year and next, with construction, professional and business services and leisure-hospitality leading the way, state economists said Wednesday. Construction jobs grew by 9 percent in the 2018 fiscal year and were expected to grow another 4 percent in FY 2019.