On behalf of the Oregon Business Plan, OBC’s Poverty Reduction Task Force has been active the past two years in advocating state policies and investments aimed at reducing poverty in Oregon. In this effort, the task force is working with community organizations long involved in advocating for poverty reduction.
The task force supports Business Plan recommendations to strengthen education attainment and career skills, build up rural economies where poverty is most severe, and enact policies to make the social safety net work and to make work pay. Learn more inside about the OBC poverty reduction initiative.
In the 2016 legislative session, the task force and its community partners successfully focused their advocacy on increasing the earned income tax credit (EITC) for low-income families with young children, resulting in passage of HB 4110.
The 2015 Legislature adopted an even larger number of policy and budget recommendations to help reduce Oregon’s high poverty rate.
These included reinvestment in Temporary Assistance for Needy Families (TANF), expansion of employer related day care, increased child care tax credits, and continuation of the Individual Development Account program that helps low-income families build financial security. See our 2015 summary of poverty reduction proposals and how the Legislature responded.
OBC is taking a deep dive on Oregon’s fiscal future with a new policy tool to analyze different revenue and spending scenarios.
Built from public data and spreadsheet algorithms, the tool allows up to a 10-year look in biennial periods at revenue and spending based on differing revenue and expenditure assumptions and policy choices. Users of this tool can dial up weak to robust revenue scenarioss and different levels of spending that these revenue scenarios allow or prohibit for education, Medicaid, employee compensation, PERS reform, and other public costs. This enables long-term planning and policy choices that the state is now hard pressed to make even two years out.
The tool, still being refined, was developed by OBC data analyst Andrew Desmond, working with John Tapogna from ECONorthwest and consultant Tim Nesbitt.
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