The measure, proposed by State Treasurer Ted Wheeler, would use the state's borrowing capacity to fund college scholarships for needy Oregon students. The Oregon Legislature referred the plan to the ballot last year.
The City Club panel agreed with Wheeler, voting 7-2 to endorse the measure. It's worth noting, however, that none of the eight people the panel interviewed is an independent financial markets or risk management professional.
City Club members will now vote on whether to give the measure its official backing.
âThis measure has the potential to truly be a game changer for our state. The possibility of trade school or higher education benefits Oregon in myriad ways, and this ballot measure is an opportunity for Oregonians to show their support for keeping it affordable,â Committee Chair Charles McGee said in a statement. âAfter 30 years of declining funding, the state needs a new model for higher education, and a public endowment is a viable solution.