Oregonians Could Vote in May on Oregon Rainy Day Fund

Legislation would set up a May election to redirect corporate kicker into fund.

Slaem-News.com

(SALEM) - The Senate Finance and Revenue Committee has voted to move two bills that will put in motion a plan to ask voters to redirect the corporate kicker and dedicate the revenue to a rainy day fund to be drawn from during economic downturns.

Senate Joint Resolution 3 would refer the question of redirecting the corporate kicker to the voters and Senate Bill 48 would implement the transfer of the corporate kicker funds to a savings account.

“Saving money for an economic recession makes sense to everyone,” said Senator Ryan Deckert (D-Beaverton).

“We are ready to put this plan into action and we believe Oregonians will support it.”

The committee voted unanimously to move Senate Bill 48 to the floor where the bill will be carried by Senator Bruce Starr (R-Hillsboro).

In addition to corporate kicker revenue, the rainy day fund created by Senate Bill 48 will be filled with a portion of the ending fund balance.

Senate Joint Resolution 3, which passed 3-1 in the committee, asks voters to approve permanently diverting the corporate kicker into the rainy day fund to prevent cuts in education, health care and public safety during an economic downturn.

The resolution would set the election for May 15th.

Reports From Iraq

Salem-News.com Top Stories
Paul Kagame: A General Without Generals

---

No Parades for Iraq Vets=No Decisive Victory

---

Mexican Workers Pulverized in the 21st Century

---

The Arab Revolt and the Imperialist Counterattack

---

IMF Won't Substantiate 'Arab Spring' Spending, Downplays Military Spending

---

See Comment on Op Ed" "Make Or Break", above.

Name:

Enter the text from the image to confirm you are human.(Cookies are required)

HTML tags and certain characters are removed - (numbers, letters only or post may be cut short.) certain words are banned to stop spammers. All comments and messages are approved by people and self promotional links or unacceptable comments are denied.