Quote:
Originally posted by Ustwo
I can say for certain that they are going to mention not enough money for the schools before doing any real cuts. Thats how they work.
Yes please. If say taxes were 10% (just a round number) 10 years ago why would they need say 15% today to do the same thing? Its not as if income froze while inflation continued and todays 10% would be more then 10 years ago 10% based soley on inflation.
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Are you reading our posts?
There hasn't been a tax increase in
14 years.
BTW, it is as if income froze--because it has.
Forgot to add:
I think you missed the part regarding the effect of the logging freeze. This isn't only a case of inflation versus revenue.
The logging industry was the primary source of income for the state, now that's gone and they haven't developed new ways to make up for the loss yet. Oregon has experienced a loss of revenue over the past decade while not instituting higher taxes. I'm not saying that's wrong, just that expenditures are going to outpace revenue eventually regardless of inflation and holdnig all else equal.