May 18, 2010, Oregon Primary Election
Oregon State Measure 68
Referred to the Electorate of Oregon by the Legislative Assembly of the 2009 Regular Session
Revises Constitution: Allows state to issue bonds to match voter approved school district bonds for school capital costs.
The Way It Is Now
The State of Oregon cannot help local school districts pay for new school buildings or major repairs to existing buildings.
What Measure 68 Would Do Measure 68 would allow the State to sell bonds, which is like borrowing money, to help local school districts pay for new construction and repairs for schools. The state would give some of this bond money to match the funds that local school districts receive through local bonds approved by local voters. The State would repay the state bonds from a special school fund by using some lottery money.
This seems like a relatively minor change to the bizarre way Oregon funds public education.