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|Articles - January 2013|
|Monday, December 10, 2012|
Page 3 of 5
Revenue: Show us the money
The Oregon Business Plan, an economic and policy strategy guided by a coalition of business leaders, does outline a long-term plan for funding the state’s beleaguered public schools. The idea is to restructure K-20 institutions to make the system more efficient, then rein in escalating costs in other parts of the budget to shore up cash-strapped institutions. With education restructuring and health-care reform under way, the focus is turning to other “unsustainable cost drivers,” says Ryan Deckert, president of the Oregon Business Association.
On the top of the list is reforming the state’s Public Employees Retirement System (PERS), which is expected to cost all public employers, including school districts, an extra $1 billion next biennium. Two items on the agenda are reducing the earnings rate inside PERS accounts and the elimination of an income-tax break for retirees who move out of Oregon.
Kitzhaber has also identified PERS reform as a key issue. But the question is what the Legislature will be able to accomplish — politically and legally. Many elements of PERS are considered a binding promise in the state’s statutory contract with public employees. Lawmakers, business executives, and rank- and-file voters will also have to “convince the unions that having some PERS reform is important for the economy of the state,” says Jarman.
Business leaders are also pursuing corrections reform this session, with a focus on developing a more “rational sentencing and corrections model,” says Deckert. He points to Texas and Kansas, states that have reduced incarceration costs in part by redirecting funds for new prison construction into a more efficient network of residential and community-based treatment and supervision programs.
The business plan doesn’t end there. In the end, restructuring and cost containment simply lay the groundwork for what Deckert calls the “big enchilada” — reforming Oregon’s much-maligned tax code. But actual changes to the system, which could include a sales tax and corresponding reductions in capital gains and income taxes, will probably have to wait for another session, as lawmakers are not expected to come up with concrete options until at least 2014.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Wednesday, May 20, 2015
BY KIM MOORE | RESEARCH EDITOR
An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.
Wednesday, July 01, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
There are more than 10 million former military members working in the United States.
Tuesday, May 26, 2015
BY KIM MOORE
A conversation with Gene Pelham, CEO of Rogue Credit Union.
Wednesday, May 27, 2015
BY LINDA BAKER | EDITOR
More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.
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Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
3 Degrees Event Celebrates 5th Year Bringing Nonprofit and Business Professionals Together to Benefit Portland.
Bend energy leader brings passion for efficiency and renewable energy to the nonprofit.
Event in Forest Grove marks recognition of Global Food Safety Initiative Certification.