It Better Only Drizzle

October 18, 2007 Download PDF

Why the newly created Oregon Rainy Day Fund is inadequate protection against the next economic downturn and how the problem can be fixed

Executive Summary

Despite the creation of the Oregon Rainy Day Fund by the Legislature earlier this year, Oregon’s public structures remain exposed to serious disruption in the next, inevitable economic downturn. This report examines the severe shortcomings of Oregon’s two reserve accounts, the Rainy Day Fund and the Education Stability Fund, finding that:

Download a copy of this executive summary:

It Better Only Drizzle (PDF)

Related materials:

Full report (PDF).

News release.

How to save Oregon’s future rainy days

Oregon would be in much better shape to weather a recession if the Legislature were to fix the flaws that restrict the availability and growth potential of the two reserve accounts and to fund them more adequately.