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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 to expert 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 for school districts, local governments, and state agencies; o Prioritize planning for the future by providing sufficient reserve funds in the ending balance 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 Reform proposal 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 agencies benefit 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 in future budgets.
Total Resources: 16,496.4 Million Republican Blueprint Program Area Expenditures Rainy Day Fund Education - K-12 Education Human Services Public Safety Economic & Comm. Dev. Natural Resources Transportation Consumer & Business Svcs. Administration Legislative Judicial Subtotal Emergency Fund Total Expenditures Ending Balance Millions 100 6,550 1,847.8 4,069.3 2,062.4 169.6 331.7 79 11.8 209.1 87.6 628.1 16,146 50 16,196 300 % CHANGE FROM 11-13 14.6% 10.0% 4.0% 5.0% -5.0% 10.0% 6.0% 6.0% -6.0% 6.0% 6.0% Co-Chairs' Proposal Millions 6,550 1,902 4,261 2,085 157 334 98 12 204 88.5 646 % CHANGE FROM 11-13 14.6% 13.2% 8.8% 6.1% -11.8% 10.3% 31.3% 7.7% -7.1% 7.0% 9.0%
PERS Reform
Republican K-12 Budget
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Democrat K-12 Budget
Republicans K-12
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Governors K-12
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Democrats K-12
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