How Much Does State Government Cost Each Oregonian?

Steve BucksteinCascade Commentary

Summary

Ask even reasonably knowledgeable people how big the Oregon state budget is this biennium, and they likely will tell you that it’s around $15 billion, which is actually just the General Fund. The All Funds Budget is $48 billion—$6,376 per year for every man, woman and child in Oregon. Taxpayers deserve to know exactly how much their government is spending.

Read more

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.

Read more

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.

Read more
1 12 13 14