Lawmakers in Oregon can blame their counterparts in Washington for
the massive piece of unfinished business that is the Columbia River
Crossing. But they'll have only themselves to blame for an equally
significant piece of unfinished business related to the Public Employees
Retirement System, which barring a late-session miracle will continue
to siphon enormous sums from government budgets across the state.
The
"grand bargain" that would combine further PERS reforms with tax hikes
is technically not dead, but it's close enough to break out the lucky
beads and incense. Unfortunately, Democrats and Republicans have leaped
ahead to the finger-pointing stage. Both sides have legitimate beefs,
but they also have a powerful common purpose: the good of the state.
Democrats
are correct in pointing out Republican inconsistency. Not long ago,
Senate Republicans refused to support the education budget because it
was too small. But this week, they refused to go along with a compromise
on PERS and taxes that would have pumped a whole lot more money into
public schools. The refusal of Senate Republicans to accept even modest
taxes in return for deeper reforms, meanwhile, comes at the end of a
session dominated by legitimate Republican demands for deeper PERS
reforms. It really makes you wonder what the party wants, doesn't it?
Even the state's major business organizations supported the tax hikes as
part of a compromise.
Of course, Democrats set up the poison
tax-hike pill by insisting much earlier in the session upon "shared
sacrifice." Tax hikes are,manufacturers and Double sided PET industry tape Products
suppliers Directory. of course, a political payment extracted by the
majority party in exchange for deeper cuts to the pension system, which
serves a powerful component of their base, public employee unions.
Democrats have conveniently ignored the fact that sacrifice, in the
forms of Measures 66 and 67, had been imposed upon businesses and
upper-income Oregonians already -- and in exchange for nothing.
Democrats
should have agreed to meaningful PERS reforms without insisting upon
tax hikes, and Republicans should have paid the political price once the
two became linked.Matco Packaging Llc suppliers of BOPP tape, The additional PERS cuts justify the tax increases.Products from Global Silicon protctive film Products Suppliers.
In
the end, however, neither party has done what it should. Unless
something changes, the sum total of the session's reforms will be those
contained in Senate Bill 822, which cut PERS costs very modestly while
simply putting others off.
The effect of this outcome can be
seen in the accompanying graphic. It shows how little SB822 will change
the PERS rates paid by schools and just how burdensome PERS remains
compared with Washington's pension system for teachers. The two systems
aren't perfectly comparable. Washington's covers only teachers, for
instance, while Oregon's includes classified employees and others.
Still, Oregon has a long way to go before the state spends its education
dollars as efficiently as Washington.Visit us to find a company
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The
enormous gap separating Washington and Oregon represents potential
teachers in classrooms, planners in city halls and police officers on
streets. As employers reduce the stream of money diverted to retirement,
they can use it either to hire people or keep them employed.
The
"grand bargain" that collapsed this week can be resuscitated given
sufficient political will. It's astonishing to think that it might not
exist. PERS needs further reforms, schools could use a sustainable boost
in funding,All the latest Releasing film Products
in small size and in resumable. and the tax increases are reasonable.
Legislators should stop the finger-pointing for a day or two and make
one last effort to strike a deal.
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