Gov. John Kitzhaber will call the Oregon Legislature into special session Sept. 30 to act on a framework agreed to today that boosts school funding and reduces the public pension system liability.
Kitzhaber met a third day with leaders from both parties before reaching a prospective agreement that covers increased funding for public schools, mental health programs, senior citizens and others. It calls for $244 million in new revenue and a $4.6 billion reduction in PERS liability, when combined with reductions already agreed to during the recent legislative session.
Oregon Senate President Peter Courtney, D-Salem, House Speaker Tina Kotek, D-Portland, Senate Republican Leader Ted Ferrioli, R-John Day, and House Republican Leader Mike McLane, R-Powell Butte, today issued the following joint statement: “After a lot of hard work and compromise we have arrived at a framework to present to our colleagues. We have made progress and we are moving forward. We all have much invested in this effort to strengthen Oregon’s future.
“There is still hard work ahead to determine whether we have the votes from each caucus needed in order to pass this proposal, but we are making progress.”
More to come on this story in The Bulletin online and in print.