Revenue

LWVOR  Advocacy Positions

Note: these are condensed versions. See the complete positions in Issues for

Action.

Governance

Economic Development Revenue Bonds

1. LWVOR supports the authority to issue Economic Development Revenue Bonds by the state, ports, and cities with more than 300,000 population.

2. In addition to the Economic Development Revenue Bond program, LWVOR supports other state and local economic stimulants

Fiscal Policy

1. Evaluating Taxes—any tax proposal should be evaluated with regard to its effect on the entire      tax structure.

2. Fiscal Responsibility—local government should have primary responsibility for financing non-school local government. Local services mandated by the state should have state funding.

3. Income Tax—income tax is the most equitable means of providing state revenue. The income tax should be progressive, compatible with federal law and should apply to the broadest      possible segment of Oregonians.

4. Sales Tax—A sales tax should be used with certain restrictions

5. Property Tax—local property taxes should partially finance local government and local services. Exemptions to the general property tax include:

a. Charitable, educational and benevolent organizations, etc.

b. School District Financing. The major portion of the cost of public schools should be borne by the state, which should use a stable system to provide sufficient funds to give each child an equal, adequate education.