Oregon State Treasury is focused on improving the
financial well-being of all Oregonians.
State debt is a powerful tool that allows governments to better serve
the public and improve the quality of life for all of us, while also
creating jobs and improving the economy of today and tomorrow. Public bonds
facilitate the construction of roads and bridges, education facilities, and
shore up buildings to make them more resilient in the event of an
earthquake, to name just a few examples.
At the same time, debt must be repaid - with interest. So that means the
state must be deliberate to ensure that borrowing remains at a reasonable
The State Debt Policy Advisory Commission (SDPAC) tracks Oregon’s financial
health and protects Oregon’s credit rating by informing state officials
about amount of debt that Oregon can prudently incur. BBorrowing too much
would endanger Oregon’s ability to meet its obligations and jeopardize the
state’s credit rating.
The prudent management of Oregon’s debt helps to protect Oregon’s excellent
credit ratings. Because of Oregon’s strong creditworthiness, we can borrow
money for less – and that translates to millions of dollars in savings for
taxpayers every year.
The Commission consists of five members: The state Treasurer, who serves as
Chair; a Representative and Senator from the Oregon Legislature; a member
of the public knowledgeable about public finance; and the director of the
Oregon Department of Administrative Services.
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