$345 million more per year goes to PERS, while costs for Oregon Health Plan increase by half a billion dollars. 2017 is shaping up to be an interesting time, as nearly $1 billion in additional costs start kicking in.
As an article in Willamette Week noted in May, the unexpected PERS payments combined with automatic pay increases written into many public agency contracts nearly assure that new money from Salem will do little to reduce class sizes or otherwise improve education.
Fortunately, Oregon Democratics instituted "free" community college, so there's that. Unfortunately, they have no idea where they'll come up with the cash for that. The additional costs for "free" community college that they rammed through will only add to the financial hole that they've managed to create.
Naturally, they'll want to be raising taxes on "the rich" and on businesses. One minor problem with that: there aren't enough of either, and as they keep hiking business costs with mandated "sick leave", mandated minimum wages of $13.50 to $15.00 and increased taxes, businesses will simply reach the point at which they just pack it in and either shut down or move out.
As for taxing "the rich" more: only 2% of the state's population take home $300,000 or more per year, and they already pay 22% of all state income taxes. They can move, too.
Then what are they going to do?