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Republican alternative Oregon budget

Republican alternative Oregon budget

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Published by Statesman Journal
Republican alternative Oregon budget
Republican alternative Oregon budget

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Published by: Statesman Journal on Mar 04, 2013
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03/04/2013

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Republican LeadershipBudget Blueprint
Overview
 
The Republican Approach
o
 
Demonstrates budget principles, approaches and priorities to meet the future needs of Oregonians;
o
 
Stimulates debate and discussion;
o
 
Reflects value of cooperation from 2011 co-governance approach;
o
 
Blueprint provides spending levels for major categories, leaving specific budgeting toexpert subcommittees.
The Republican Priorities
o
 
Adequately fund education and reverse downward slide of school funding;
o
 
Implement the OSBA PERS Reform proposal to provide additional fund and relief forschool districts, local governments, and state agencies;
o
 
Prioritize planning for the future by providing sufficient reserve funds in the endingbalance and the Rainy Day Fund;
o
 
Address the growing debt with guidance on borrowing and debt service;
o
 
No new taxes.
The Republican Blueprint: Highlights
o
 
K-12 Education:
Increase by 14.6 percent to $6.55 billion. With OSBA PERS Reformproposal included, K-12 receives the equivalent of $7.15 billion, a 25 percent increase;
o
 
Other Education:
Increase to $1.85 billion a 10 percent increase;
o
 
Ending Fund Balance:
Sets an Ending Fund Balance of $300 million;
 
o
 
Rainy Day Fund:
For the first time, the Rainy Day Fund receive a budget allocation of $100 million;
o
 
Power of PERS Reform:
All school districts, local governments and state agenciesbenefit from PERS Reform which will increase the amount they have to spend.
o
 
Debt:
Establish a limit that reduces debt service costs to make more money available infuture budgets.
 
Program Area ExpendituresMillions% CHANGEFROM 11-13Millions% CHANGEFROM 11-13
Rainy Day Fund100---Education - K-126,55014.6%6,55014.6%Education1,847.810.0%1,90213.2%Human Services4,069.34.0%4,2618.8%Public Safety2,062.45.0%2,0856.1%Economic & Comm. Dev.169.6-5.0%157-11.8%Natural Resources331.710.0%33410.3%Transportation796.0%9831.3%Consumer & Business Svcs.11.86.0%127.7%Administration209.1-6.0%204-7.1%Legislative87.66.0%88.57.0%Judicial 628.16.0%6469.0%
Subtotal
16,146 
Emergency Fund
50 
Total Expenditures
16,196 
Ending Balance
300 
Total Resources: 16,496.4 MillionRepublican BlueprintCo-Chairs' Proposal

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