Oregon Business Association › Public Policy › Policy Committees

Business and Finance

Oregon Business Association believes that a healthy business environment throughout the state is essential to attract and retain businesses, provide stable employment to citizens and a strong financial base for the state. In a time of national recession, it is critical that Oregon take steps to maintain a competitive business environment and stabilize state revenues that support core services. The following priorities will help ensure Oregon achieves those goals:

Sustain and build on the Business Energy Tax Credit (BETC)

The BETC credit has been a critical tool in attracting and retaining companies and jobs, as well as promoting state goals regarding sustainability.

OBA supports maintaining or expanding this proven tool

Build Stability in Oregon’s Revenue System

Oregon’s reliance on income taxes results in an unstable revenue source for essential state services. This is exacerbated by the kicker law, which makes it difficult to save money in times of a thriving economy.

OBA supports Constitutional changes as suggested by the Task Force on Revenue Restructuring to:

Establish a methodology for more reliable forecasting

Ensure more prudent, long-term budgeting

Build Oregon’s Rainy Day fund by directing ending fund balances to the fund

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