Parking Space Tax Fails the Transparency Test

Steve BucksteinCascade Commentary

Summary

The governor’s Task Force on Comprehensive Revenue Restructuring recently discussed imposing a tax on commercial parking spaces to raise revenue for Oregon’s highway transportation system. The argument was made that businesses, not consumers, would pay; but ultimately this is yet another hidden tax that likely will be passed along to consumers in the form of higher prices. If we want to tax shoppers, then we should tax them openly and not make business our hidden tax collector.

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The Hidden $6.2 BILLION Oregon PERS Liability

Steve BucksteinCascade Commentary

Summary

A recent study of public sector retirement funds by The Pew Charitable Trust’s Center on the States found that “Oregon currently has the best-funded pension system in the country.” This claim for Oregon’s $50-plus billion system is only technically true if we leave out the liabilities generated by $6.2 billion in pension obligation bonds issued to help reduce PERS rates.

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