Oregon Recommended Spending Percentages refer to the guidelines set forth by the Oregon Department of Administrative Services (WAS) that suggest the appropriate allocations of funds for various expenditure categories. These percentages provide a framework for budgeting and financial planning for state agencies, local governments, and other entities in the state of Oregon. The Oregon Recommended Spending Percentages cover different types of spending categories, each serving a specific purpose. These categories include: 1. Personnel Costs: This category encompasses salaries, wages, benefits, and other compensation for agency employees. It is crucial to allocate a reasonable percentage of funds towards personnel costs to ensure the availability of a skilled workforce and maintain organizational operations. 2. Operations and Maintenance: This category includes expenses related to the regular operations and upkeep of facilities, equipment, and infrastructure. It covers costs like utilities, repairs, maintenance contracts, and supplies necessary to sustain the efficient functioning of an organization. 3. Capital Outlay: Capital outlay refers to the expenditure on acquiring or improving long-term assets, such as buildings, land, vehicles, or major equipment. Allocating an appropriate percentage towards capital outlay enables the necessary investments for expanding infrastructure or replacing outdated equipment. 4. Debt Service: Debt service represents the payments associated with servicing outstanding debts, including principal and interest. Properly allocating funds towards debt service ensures the timely repayment of loans and obligations, contributing to the financial stability of the organization. 5. Other Expenditures: This category involves miscellaneous expenses that do not fall under the aforementioned spending categories. It may encompass costs like contractual services, grants, subsidies, fundraising expenses, and contingencies. It is important to note that these spending percentages are not universally applicable to all agencies or organizations. They serve as recommendations aimed at providing a general framework for budgeting and expenditure planning. However, individual entities may need to adjust these percentages to align with their unique priorities, operational needs, and financial circumstances. By adhering to the Oregon Recommended Spending Percentages, organizations can establish a balanced budget and ensure prudent financial management. These guidelines aid in transparency and accountability by offering a standardized approach to expenditure planning and allocation, promoting effective and efficient utilization of available resources.
Oregon Recommended Spending Percentages
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Even the number of states whose laws require a balanced budget can be disputed, depending on the way the requirements are defined. The National Conference of State Legislatures (NCSL) has traditionally reported that 49 states must balance their budgets, with Vermont being the exception.
This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.196 trillion. It's followed by Medicare at $766 billion and Medicaid at $571 billion.
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General and Lottery Funds portions amount to $23.7 billion, and Other Funds and Federal Funds are $37.9 billion and $24.2 billion respectively for the 20192021 budget.
Most of local government spending is on services like water, electricity, sewage, waste removal, roads and facilities.
What do state and local governments spend money on? State and local governments spend most of their resources on education, health, and social service programs. In 2019, about one-third of state and local spending went toward combined elementary and secondary education (22 percent) and higher education (9 percent).
Oregon's state and local governments receive revenue from numerous sources including federal transfer payments; tuition, hospital and other charges; Lottery revenue; and taxes. Of all these sources, half of total state revenue is from taxation.
As Figure A suggests, Social Security is the single largest mandatory spending item, taking up 38% or nearly $1,050 billion of the $2,736 billion total. The next largest expenditures are Medicare and Income Security, with the remaining amount going to Medicaid, Veterans Benefits, and other programs.
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
The governor has a legal obligation to submit a balanced budget for the entire state government; therefore, the Governor's Recommended Budget includes the proposed budgets for the Legislative Assembly and the Judicial Department.
