Continued from Page 1 drastic cuts in all levels of gov ernment services. If Measure T> passes. "We would never have last-minute elections to fund schools again." said Tom Dennehy, a co-author of the measure, which was put on the ballot by initiative petition. Dennehy. a retired professor from Reed College, and the oth er co-author, a Portland-area businessman, designed the measure, believing Oregon's system of funding schools pri marily through local property taxes is too burdensome for tax payers and businesses. Proper ty taxes make up 60 to 70 per cent of public school funding The measure’s supporters be lieve that the state's General Fund, made up mainly of in come tax revenues, can take up any slack a cut in properly tax funding for schools would cause. Dennehy sees projected growth of Oregon's economy as being a sufficient replacement. "The influx of more people working in the state ... and the natural projected growth flow ing into the state's General Fund will be enough." he said. "We are making first claim to that growth — for relief in property tax. ...We can have our cake and eat it too. It will be sufficient." But the opponents of the measure, many of them educa tion-oriented organizations, say those extra funds simply will not exist. John Marshall. Oregon School Boards Association’s di rector of legislative services, calls Dennehy’s proposal "blue smoke in mirrors." He believes Measure 5 promises voters "a free lunch” that later will cost the state much. "It will force the legislature (next year) to make school funding a priority that it cannot make with out a drastic reduc tion in state-wide programs." he said "We hope our cam paigning will get the message out that it is not the free lunch that the proponents say it is." To make their point. Mar shall and other opponents point to Gov. Neil Gold schmidt’s budget preview, re leased last week. The preview, which projects budget figures for the 1991-93 biennium, predicts lh.it of the state's $5.5 billion in revenues for the General Fund, only $214 million will lx- left after government spending. Of those extra funds a $143 million safe tv margin is required to com pensate for unexpected costs, leaving $70 million for new programs During that same period, $701 million would lie required from the General Fund for schools if Measure 5 passes, at cording to the state-produced fiscal impact statement pre pared for the measure Uv juxtaposing the $70 mil lion in leftovers with the $791 million Measure 5 would re quire. opponents attempt to support their possible scenario of looming school funding cri ses and a gasping state budget. The financial impact state ment is one of several that will not accompany their respective measures on the Nov. t> ballot because of missed certification deadlines by the Elections Divi sion officials and subsequent court rulings last month. r VOTE '90 Measure 5 (Juration: Shall constitution set limits on property taxes, and dedicate them to fund public schools and non school government opera tions? SUMMARY • Amends constitution. Lim its t*>*i t -1 property taxes for public schools to $lf>. and property taxes for non-school government operations to $10 per $ I (HM) of market value. Schools limit gradually de creases to $5 per $lOtMt in 1095-1990 and after. Govern ment operations limit re mains same • Limits do not apply to gov ernment assessments, service charges, taxes to nay certain government bonds. Assess menls. service charges shall not exceed cost of making im provements, providing ser vices • General Fund to replace, until loot), school funds lost due to school limits 1 4J Continued from Page 1 $500.(too and $1 million According to Nguyen, the state government supplied 2H t> percent of the entire education budget during the 1988-89 biennium. Figures for 1989-90 are not all In. but pre liminary estimates put state si hool funding at 2H 7 percent a negligible rise. Heiligman said 4j operates on a $90 million annual budg et Should Measure .5 pass, the district could expect to lose an estimated $14-10 million in property taxes the first year Fori ing legislators' hands. Heiligman said, is not the way to go utxiut fixing the educational system "It isn't all the legislature's fault." she said. "They've referred plenty of things to voters, all of which have been turned down "As far as making (lawmakers) do something, putting a gun to their heads is not the best way This is no solution. I'd rather see people work toward a positive solution " The cost of Measure 5 would lie extraordinary. According to a financial impact report authorized by the Klee lions Divi sion. the measure would cost the state General Fund roughly $250 million in 1991-92. That figure rises to over $1 5 billion four years later. "I don't see how the state can pay for it," Nguyen said. "We need another source of revenue." Another solution, albeit a short term one, would be to use the state reserve, roughly $101 million, to help pay for the first year of Measure 5 Hut opponents reject such a plan "Suppose we use the reserve," Nguyen said. "What hap pens after that?” 10% OFF EVERY DAY TANGLES lalcns fine. With the largest selection of professional products in town—17 product lines. NOW with 2 locations to better serve you. 11th & Patterson downstairs EMIJ 343-1637 343-8219 KURZWIIl FACULTY/STUDENT DISCOUNTS MUSIC SOFTWARE MIDI SYSTEMS EFFECTS & LIGHTING SOUND SYSTEMS MICROPHONES 'ey / Eugene s ELECTRONIC KEYBOARD SPECIALISTS! financing available 90 vim* is c is* O * C We Also Honor m S»'»irn Muw.ijnj WOfliOWiOt »K OAKWAY CENTER MALL KEYBOARD ASSOCIATES 343-1978 * THE OREGON HUMANITIES CENTER # PRESENTS: Self-Interest, Justice, and Moral Responsibility: Adam Smith and the Savings and Loan Crisis a public lecture by Patricia H. Werhane Henry J. Wirtenberger Professor of Business Ethics Loyola University, Chicago 7 JO p.m. Monday, October 8,1990 Gerlinger Alumni Lounge ml to: Robert J. Zavrel, Jr., Stanford Telecom, Thursday 29 November, 1990, 7 JO p.m. EMU Gum wood Room J. Baird Caliicott, Professor of Philosophy, Univ. of Wisconsin Thursday * December, 1990,7JO p.m EMU Gum wood Room Michael McCloekey, Chairman, The Sierra Club January 1991 ♦ Date, time and place to be announced These lecture*, free and open to ffie public, are part of the 1990 9J Aulzen Lectures in the Humanities and the Profeuions senes entitled "Ethics and Free Enterprise: The Social Responsibility of Business." The lecture* unit he followed by a reception. COMING MONDAY F R E E Pepsi® Presents The Wall of Velcro® It couldn’t be any simpler! Students: • Put on Velcro suit and safety helmet • Bounce on trampoline • Jump against wall (with assistance of spotters) • Stick to wall • Smile for instant photograph F R E E UO BOOKSTORE 8th, 9th EMU 10th, 11th, 12th