Special session: Not that grand – Hasso Hering

HASSO HERING

A perspective from Oregon’s mid-Willamette Valley

Special session: Not that grand

Written October 2nd, 2013 by

Capitol wide shotIt’s hard to see why some called what the legislature did during the special session a “grand bargain.” When you look at the result of the tax and spending bills it passed on Wednesday, it’s not all that grand. As a label, “minuscule” would be more apt.

Lawmakers increased some taxes, lowered others, reduced future public pension increases slightly, and allocated an extra $100 million to public schools.

A hundred million is a nice round number. For school districts in Linn County, it increases school funding between $139 and $144 per pupil, but not this year. The extra money, totaling some $1.4 million for Albany schools alone, is intended for the 2014-15 school year. And as helpful as that 2 per cent bump will be, it likely won’t buy more schooling but be absorbed by higher costs.

The pension changes will produce “relatively nominal additional savings this biennium,” the legislative fiscal office says. For the long haul, the changes reduce the unfunded liability of the pension system, but that gaping hole will still be $11.3 billion.

As for taxes, some corporations and rich people will pay a little more, and so will poor people who buy cigarettes. And as for the overall effect, it isn’t much. Also, it’s unclear why it could not wait until the legislature meets again in four months. (hh)

Jennifer Huuki Cummins, on Facebook:  $140 per student is nothing to scoff at.  Every dollar counts.

 



Comments are closed.

 

 
HH Today: A perspective from Oregon’s mid-Willamette Valley
Albany Albany Carousel Albany City Council Albany council Albany downtown Albany Fire Department Albany housing Albany parks Albany Planning Commission Albany police Albany Post Office Albany Public Works Albany riverfront Albany Station Albany streets Albany traffic Albany urban renewal Andy Olson Benton County Benton County parks bicycling Bowman Park Bryant Park Calapooia River CARA City of Albany climate change coronavirus Cox Creek path Crocker Lane cumberland church cycling Dave Clark Path Daylight saving time downtown Albany Edgewater Village global warming gun control Highway 20 Interstate 5 Kitzhaber Linn County marijuana medical marijuana Millersburg Monteith Historic District North Albany Road North Albany Village Obama ODOT OreGo Oregon coast Oregon legislature Oregon passenger rail Pacific Power Portland & Western Republic Services Riverside Drive Santiam Canal Talking Water Gardens Tom Cordier Union Pacific urban renewal Water Avenue Willamette River


Copyright 2020. All Rights Reserved. Hasso Hering.
Website Serviced by Santiam Communications
Do NOT follow this link or you will be banned from the site!