Two things that were said stuck out to me however:
1. Tom Potiowsky made the claim, when asked about why our revenue volatility is so high, that not having a sales tax is partly to blame. But there is a very large body of evidence that sales taxes are not significantly more stable than income taxes - especially in the short-run. [Just look at the current revenue situation in Washington state] So I was astonished to hear him say this.
That said, the focus was on the fact that we have revenue instability and what to do with it and the solution of a rainy-day fund was emphasized. But I think it is important that people understand that a sales tax is not a solution to revenue instability.
2. Steve Buckstein, of the Cascade Police Institute, made another astonishing claim in saying that kicker reform as proposed would decrease state volatility at the cost of increasing individual volatility. Say what? State revenues that come in in excess of a forecast do so mainly because individual incomes were higher than expected. To not return a kicker to households would actually decrease volatility to both parties. On what basis he made this claim is simply beyond me.
Also, his preferred solution, cutting state spending so money can be diverted into a rainy-day fund without touching the kicker is a pretty weak solution for a state that has, for example, one of the worst systems of public education in the nation.