As an Oregonian, you like knowing where your tax dollars are going. This year the Legislature is proposing a $2 billion new tax on businesses, supposedly to help fund K-12 education. But a lot of those dollars may never make it to the classroom.
As The Oregonian and Corvallis Gazette-Times have said, an Oregon Business Plan analysis shows clearly that the Public Employees Retirement System (PERS) will likely eat up much of the proposed tax revenue. PERS could use up a quarter of the new funds in the next two-year budget cycle, and more in years to come.
Tell legislators you want to know Oregon tax dollars are going where they’re needed most: to schools to help our students. To do that, they need to reform PERS to make sure the runaway costs of the retirement system don’t gobble up any new revenue.