The most reliable way to generate new revenue for public services is to continue the growth of Oregon’s economy. Economic growth generates billions in new tax dollars, puts people to work, lifts them out of poverty and meets the needs of Oregon families. Oregon’s economy is working as evidenced by the increased revenue for the state and the record-low unemployment rate of 4%.
Legislators in Salem must live within their budget like we all do. State revenues are projected to continue growing but public spending has been growing at a much faster rate. This is particularly true in the areas of employee compensation, especially pension and health care costs.
Compared to other states, Oregon ranks 18th in per student K-12 education spending but 48th in graduation rates. To support new revenues Oregonians must be convinced investments will achieve the educational outcomes – like high school graduation – all our children deserve.