Building Permits in Oregon
by Felicia Bechtoldt
Oregon’s population continues to grow, led by migration to the state. Housing availability for both buyers and renters has become a concern in many local areas.
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NFIB Tells Senate Finance that Tax Reform Must Start with Small Business
By Jack Mozloom
Small businesses need rate parity, lower taxes, simplified code, says National Federation of Independent Business
The National Federation of Independent Business (NFIB) told the Senate Finance Committee today that no small business should pay a higher tax rate than large corporations and that every small business should pay less to the IRS under tax reform.
by Mark Hester
Oregon Business & Industry
The Public Employees Retirement System (PERS) Unfunded Actuarial Liability (UAL) Task Force described each of its first two meetings as “brainstorming,” but it’s already clear that most of the proposals discussed so far would create a storm of controversy.
Perhaps, that is unavoidable given the magnitude of the problem the task force is charged with studying – ways to reduce the $25 billion PERS unfunded liability. But there also should be concern that the long-term harm caused by many of the proposals would outweigh the short-term budget benefits. Making a small dent in the unfunded liability will not be enough to stop the long-term growth of PERS, which threatens to soon account for as much as 30% of payroll costs for some school districts.
Oregon Metro Incomes
by Josh Lehner
As our office continues to upack the latest Census data, we will share some of the findings here, and in our quarterly forecast presentations and documents. Today, a quick look at household incomes across Oregon’s metropolitan areas. We will wait for the 5 year ACS, and SAIPE data later this fall before digging into rural trends.
Social media has given small businesses a way to vent everyday frustrations. This was found especially true as nearly 3,000 people have liked a story about a Portland doughnut shop confronting thieves who stole a coffee mug. Here is a synopsis of the story they posted on Facebook. Sitting outside Pip’s Original Doughnuts & Chai in Portland one early September day, owner Nate Snell watched a woman leave carrying one of their locally made coffee mugs and climb into a white Subaru wagon bearing a “Run” decal.
Oregon retailers need help in drug, theft law reforms
A panel of retail and law enforcement representatives discussed recent trends related to drug laws, sentencing reform and retail theft at the Council of State Retail Association’s (CSRA) Annual Meeting in Portland earlier this month.
Retailers Cite Equifax As Need For Uniform Data Breach Law
J. Craig Shearman
“Hackers do not discriminate as to the type of business they attack.”
The National Retail Federation and other industry associations are telling Congress that any new federal law on data breach notification should apply to all industries that handle consumer data, citing the recent breach at the Equifax credit reporting agency.
Governor Brown Wants Oregonians to “Take One for the Global Team” over CO2
By John A. Charles, Jr.
Oregon Governor Kate Brown has announced her intention to pass legislation in the short session of 2018 to place a regulatory limit on emissions of carbon dioxide by large industrial sources. Once a company exceeds the annual limit, it will have to purchase allowances for additional emissions.
Oregon Payrolls Dropped 9,500 Jobs in August
Via Oregon Workforce and Economic Information
In August, Oregon’s nonfarm payroll employment dropped by 9,500 jobs, following a revised gain of 7,400 in July. This was the first seasonally adjusted decline in seven months.
Whose Money Is Your Oregon Kicker Refund?
By Steve Buckstein and Kathryn Hickok
State economists have confirmed that individual Oregon income taxpayers will receive kicker refunds next year. Based on the May revenue forecast, more than $463 million will be returned to taxpayers as a credit on their 2018 tax bills, with the average refund being $227.
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