state of oregon’s economy oregon does not have a sales tax –our schools and general fund...
TRANSCRIPT
![Page 1: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/1.jpg)
State of Oregon’s EconomyState of Oregon’s Economy
• Oregon does not have a sales tax– Our schools and general fund agencies
receive the majority of their revenue from property and income taxes.
– When economic downturns occur, Oregon, without a consistent revenue stream is generally hit harder than other states.
![Page 2: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/2.jpg)
State of Oregon’s EconomyState of Oregon’s Economy
• All state agencies have been in a required pay freeze since March, 2009.
• Top salary step for all positions (5% reduction) were removed and furlough days for management service employees was instituted on a tier system of 2-4 days between March and July 1, 2009 (average 4% reduction).
![Page 3: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/3.jpg)
State of Oregon’s EconomyState of Oregon’s Economy
• Some general fund agencies cut budgets with some minor layoffs and office closures.
• More furlough days were instituted from September, 2009 through June, 2011 on a tier system of 10-14 days for all state employees (continuation of approximately 4% decrease in salary).
• Salary step increases and top step remain frozen indefinitely for management service employees (5% reduction).
![Page 4: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/4.jpg)
State of Oregon’s EconomyState of Oregon’s Economy
• In June of 2010 general fund agencies were required to cut budgets by an additional 9%.
• Layoff notices have been issued along with service reductions.
• As of June, 2010, Oregon’s seasonally adjusted unemployment rate is 11.6% while the national average is at 9.5% and talks of reduced health benefits, and an additional tier in the retirement system for state employees. There are also high level discussions of a future state sales tax being put to voters.
![Page 5: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/5.jpg)
Transportation System Transportation System FundingFunding• ODOT is funded by a state gas/diesel
tax of .24 cents per gallon and federal highway funds.
• We are seeing a reduction in gas tax revenues due to lower VMT and fuel efficient vehicles, however, ODOT as an agency remains in reasonably good health.
![Page 6: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/6.jpg)
ODOT BudgetODOT Budget
• ODOT’s fleet allocation budgets have remained steady with modest increases, but have in no way kept up with equipment inflation caused by steel prices, new federal emission requirements and technology.
• It is expected that ODOT’s fleet allocation budget to remain steady for the foreseeable future
![Page 7: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/7.jpg)
ODOT BudgetODOT Budget
• ODOT’s overall budget is approved by the Oregon Legislature, however, Fleet’s equipment priorities and funding comes from leadership teams within ODOT.
![Page 8: State of Oregon’s Economy Oregon does not have a sales tax –Our schools and general fund agencies receive the majority of their revenue from property and](https://reader036.vdocuments.mx/reader036/viewer/2022082710/56649e8f5503460f94b92ec4/html5/thumbnails/8.jpg)
RoundtableRoundtable
• Unemployment rates?• Budget reductions?• Salary reductions?• Furloughs?• Fleet allocation budgets?