(Please feel free to use these in your own presentation)
January Ballot Measures
The Story:
- Over 90% of the state general budget goes to: schools, health, public safety.
- We rely on the income tax to pay for these, the prob is that it is very cyclical
- The recession has created a Budget Gap of 4 billion – over 20% of the cost of providing these services.
- Like a 20% pay cut!
- These boom and bust cycles of our state budget hurts education:
- We are in the Bottom 10 states for high class size and shortest school year.
- This hurts our children, it hurts our economic future, and it has to end!
Good News :
- We had help this time, the legislature did not abandon us and let schools just hang, they implemented what we asked for:
- A shared solution combining cuts and revenue increases. 3 Parts:
- 1/2 of the shortfall was made up of cuts, deep cuts have already been made in schools around our state.
- 1/3 of gap filled from the federal economic stimulus (small partial rainy day).
- 20% of gap filled from targeted tax increases on businesses and upper income individuals
- During the last two recessions, a majority of states passed some form of revenue increase to balance out the cuts. We need to do the same.
Bad News :
- Groups opposed to the tax increases have succeeded filing a ballot measure for a Jan 26th vote.
- A YES vote is needed on measures 66 & 67 to stop further cuts to schools and defend our kids!.
What Impact on business and individuals:
- Business: Increase in the $10 minimum corporate income tax, which hasn’t changed since 1931.
- 2/3rd of corps doing biz in oregon pay this $10 min. The new minimum will increase to $150.
- The largest corps will pay a slightly larger rate.
- Oregon has the 3rd lowest corp income taxes, we will now be 5th lowest.
- 88% of small biz will see no change!
- Individuals: Create a higher tax bracket for those with incomes over $250K – top 1.5%.(from 9% to 11%).
- Over 97% of Oregonians will see no change!
- In 2012 these tax increases will be cut in half, but part of it will remain to create a more fair tax system.
- Currently the wealthiest pay the same tax rate as household making 30k/yr.
- These measure create a more fair, progressive and sustainable tax system based on the ability to pay.
Whats at stake:
- The opposition claims that these taxes will kill jobs. But if these measure fail the Estimate = 1600 teachers, 1000 other school employees. This in addition to the thousands already lost.
- The legislature has stuck their necks out to do this shared solution for us. (Nervous)
- We went to Salem for rallies, collected petitions, held meetings with them, and they have delivered. They have stood up for our kids.
- Now we need to deliver and show that in OR standing up for our kids is the right decision, in fact its the only decision.
- We need to show that education does matter in this state.
- That Education can be defended at the ballot box.
- If we fail, this will be remembered, the legislature will loss its nerve, and it will be much harder to ever get help during another downturn.
- Next time we could be left hanging with nothing but cuts.
Our kids deserve better than this:
- The long term solution is to create a permanent rainy day fund, saving during the good times so we don’t have to implement tax increases and huge cuts during the bad times.
- The legislature is considering creating such a fund through saving a portion from the kicker. A loss in Jan will kill this proposal and set us back another decade in achieving the goal of stable funding for education.
We cant let this happen, we need to win this and take the first step to getting off the roller coater! There are actions you can take tonight:
- Sign the Defend Oregon Pledge at www.defendoregon.org – this helps the campaign by eliminating the need to contact those who already support the measures.
- Contact your friends, family, fellow parents at your schools, explain whats at stake and urge them to vote yes.
- Volunteer for the campaign (DefendOregon.org), phone bank and canvass signups at the table. Direct voter contact will make the difference
- Vote YES on measures 66 & 67!
We need to stand together to defend our kids, please join me in starting now.