Oregon Gov. Ted Kulongoski this week called for a constitutional amendment that would force the state to save more in good years by directing part of its “kicker” tax rebates into an emergency reserve fund.

He made the proposal after Oregon voters approved $733 million of tax hikes to keep the state’s budget in balance during the current biennium and to stave off cuts in education and other services.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.