It’s no secret that California is having some serious financial problems. Last week, the state started issuing IOUs (aka registered warrents) in lieu of tax returns to individuals and checks to companies contracted with state agencies. A handful of those companies are based in the Pacific Northwest. The global recession hasn’t been kind to Californians who migrated to Oregon during the boom years, either.
A recent editorial cautions Oregonians who may be feeling smug about our local economy in light of California’s crisis, arguing that the Oregon tax structure could put us in a similar predicament in the not-so-distant future.
Do you do business in California? Did you move to Oregon from there? How is California’s economy affecting you?
- Shane Goldmacher: Staff writer for the LA Times based in Sacramento covering California government
- Philip J. Romero: Dean of the College of Business and Economics at California State University, Los Angeles, former advisor to governors in Oregon and California
- Jeff Barger: CEO of CTS LanguageLink
- Blanche Cates: Owner and broker at Cates Properties in Grants Pass and Ramona, California