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<br /> <br />Recommendation: <br /> <br /> <br />1.The City supports proposals to require State-owned property within city <br />boundaries to contribute to police, fire and emergency services, using payment- <br /> <br />in-lieu-of-taxes (PILOT) funding mechanisms. <br /> <br /> <br />7. PUBLIC EMPLOYEES RETIREMENT SYSTEM (PERS) <br /> <br />The City’s employer rates for the Public Employees Retirement System grew at a volatile <br />and alarming pace in the last 10 years. The 2003 Legislative Session produced HB 2003, <br />the PERS Reform and Stabilization Act. This reform package was spurred on at the <br />longtime urging of local governments, joined later on by the state’s business community <br />and eventually the leadership of Governor Ted Kulongoski. The bill provided corrections <br />for employee/employer crediting practices of the PERS board found erroneous in a <br />previous lawsuit, slowed the growth of employee accounts in an effort to reduce the <br />unfunded liability of PERS and employers. It has been estimated that these reforms <br />shaved nearly five percent off employer rates in the first valuations adopted by the PERS <br />board subsequently. <br /> <br />These reforms were challenged and were mostly upheld by the Oregon Supreme Court in <br />2005. The PERS reforms improve the stability of the PERS system, but stabilization does <br />not fully reverse the spiral of PERS costs brought on in the last 10 years by incorrect <br />crediting practices and the fiscally unsound structure of PERS. <br /> <br /> Recommendation: <br /> <br />1. Support efforts to uphold PERS reforms and mitigate volatile rate increases to <br />public employers, in a fashion that upholds a fair and adequate retirement for <br />. <br />public employees <br /> <br /> <br /> <br /> <br />8. REPEAL OF LOCAL REAL ESTATE TRANSFER TAX PREEMPTION <br /> <br />Under current law, local governments are prohibited from enacting local real estate <br />transfer taxes or fees. Real Estate Transfer Taxes have been used successfully in other <br />City of Eugene Legislative Policies, 2007 Session <br />With IGR Mtg 10/17 and 10/26 Amendments C:\Documents and Settings\ceexelf\Local Settings\Temporary Internet <br />Files\OLK10B\LegPol2007Sesxx1.doc <br />Updated on: 11/6/2006 By: Last saved by ceexmfw <br /> 24 <br /> <br />