Does Oregon Need a Rainy Day Fund? Like a Fish Needs a Bicycle

Posted: 11 Apr 2005  

Bruce Gates

Willamette University - Atkinson Graduate School of Management

Fred Thompson

Willamette University - Atkinson Graduate School of Management

Jessica Brown

National Geographic Society

Jason Page

University of North Carolina at Chapel Hill

Ryuzaburo Yoshida

SECOM Co., Ltd. - Business Development Division

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Abstract

The authors write that Oregon couldn't afford to establish a rainy day fund; borrowing in times of state fiscal crisis is cheaper. The only workable alternative to countercyclical saving or borrowing is a substantial overhaul of Oregon's revenue code, and that's a high price to pay for fiscal stability, the authors say.

Suggested Citation

Gates, Bruce and Thompson, Fred and Brown, Jessica and Page, Jason and Yoshida, Ryuzaburo, Does Oregon Need a Rainy Day Fund? Like a Fish Needs a Bicycle. State Tax Notes, Vol. 36, No. 2, April 11, 2005. Available at SSRN: https://ssrn.com/abstract=701662

Bruce Gates (Contact Author)

Willamette University - Atkinson Graduate School of Management ( email )

900 State Street
Salem, OR 97301
United States
503-370-6440 (Phone)
503-370-3011 (Fax)

Fred Thompson

Willamette University - Atkinson Graduate School of Management ( email )

900 State Street
Salem, OR 97301
United States
503-370-6228 (Phone)
503-370-3011 (Fax)

Jessica Brown

National Geographic Society

No Address Available

Jason Page

University of North Carolina at Chapel Hill ( email )

102 Ridge Road
Chapel Hill, NC NC 27514
United States

Ryuzaburo Yoshida

SECOM Co., Ltd. - Business Development Division ( email )

Medical Department
Harajuku
Japan
81-3-5775-8030 x5417 (Phone)
81-3-5775-8030 (Fax)

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