The state must now, finally, undertake the hard work of designing a stable and sufficient revenue base to bolster education funding and to avoid more costly disruptions in support levels. Another reason I am pleased at the passage of Measures 66 & 67 is I think that it is actually more likely, with the passage of these measures, that this will now happen. Why? Because no one is happy that it had to come to this and conservatives now must realize that Oregonians value the public services that the government provides so we can't just cut spending to fix all our revenue problems.
I think there is a very broad consensus that a permanent rainy day fund is essential and this should be the top priority of lawmakers in February. A sales tax does very little to solve the volatility issue but it could help prevent us from being an outlier on the income tax front, but we can't replace one with the other. In the future then, we have to look at property, sales and income taxes together and forge a sensible government funding model. But this is secondary, a rainy-day fund is the order of the day now. Let's get it done.
[I am pleased that the editorial board of The Oregonian has essentially the same message this morning]