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Oregon State Chamber of Commerce Updates
There are a variety items we want to bring to your attention. Initiative Petitions are in full swing as the deadline for gathering signatures is October 5th for the November 2018 Ballot. Additionally, the Governor's PERS Task Force is running and up to full speed.
The Business Coalition has launched two proactive Initiatives, which will both be filed late Thursday or early Friday.
The first Initiative is to slow state spending growth and to pay off the state's PERS debt. See the press release from the Keeping Our Promises Coalition.
The second Initiative clarifies the state Constitution on tax and fee increases in order to address the three-fifths requirement on revenue raising legislation. See the press release from A Tax is a Tax Committee.
Oregon PERS Task Force
The Oregon PERS Task Force is now in full swing. Governor Brown has directed the panel to come up with $5 billion in funds to pay down part of Oregon's $24.5 billion in unfunded liability. The task force IS NOT charged with reducing the cost of PERS.
The Governor asked the PERS Task Force to generate ideas first, and determine their feasibility and political viability second. The group will meet again on October 13th before submitting a report to Gov. Brown on November 1st. The recommendations of the group will likely produce legislation for the 2018 session that could have widespread consequences.
Please find a list of concepts that we compiled below:
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