Information from League of Women Voters
on Oregon State Treasurer
Oregon State Treasurer
Term: 4 years
Salary: $77,000 (2017)
Duties: The treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of billions of taxpayer dollars. The treasurer also serves as the state’s chief investment officer and has the duty of investing the monies of numerous funds such as the Public Employees Retirement Fund, the State Accident Insurance Fund and the Common School Fund.
The treasurer serves on a variety of state financial boards and on the State Land Board, which has a fiduciary duty to manage state trust lands for the benefit of the Common School Fund.
The Office of the State Treasurer is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of state funds, issuing state bonds, serving as the central bank for state agencies and administering the Oregon 529 College Savings Network.
The treasurer manages a portfolio of about $88 billion, with investments diversified across a spectrum of asset classes from stocks to real estate.
Source: Oregon Blue Book Rev. 1/2018
Chris Henry
Union Truck Driver 16+ years w/YRC Freight, Inc. (Teamsters, Local 81)
Campaign Phone (public) (503) 443-5801
Web Site http://www.chrishenry.org
Town Where You Live Oregon City
Your Experience/Qualificatons former board member, Oregon Consumer League former delegate, Consumer Federation of America co-chair, Williamette Neighborhood Association
LWV Interview Video http://youtu.be/U-RIQaYtQQs
Facebook http://facebook.com/chrishenryfortreasurer
Would you support a state bank for Oregon? Why or why not?
Creating a viable State Bank for Oregon is my top priority.The State of Oregon has over $115 billion of investment funds, much placed with Wall Street, hedge funds, vulture capitalists who take about $1 billion/year in fees (undisclosed) and direct nearly 100% to businesses outside Oregon. Oregon local governments pay Wall Street high interest rates + over $100 million/year bond placement fees. They could borrow for much less from a State Bank. See www.orpublicbank.org and www.chrishenry.org.
What criteria or factors would you use to make the right decisions for Oregon’s state forests?
Oregon should not sell the Elliot State Forest or any other state forest. The forests are Oregon's primary carbon sink and should be maintained to absorb some of the massive amounts of greenhouse gases we emit. We should manage them labor-intensively, without aerial spraying of pesticides. We should plant industrial hemp at appropriate locations to produce 50 times the fibre per acre of old growth forest.
What ideas do you have for fulfilling the obligations of the PERS system?
Oregon has less unfunded PERS obligations per capita than 40 other states. Still, increasing PERS costs are a problem. As the only non-corporate, pro-worker candidate in this race, I do not support further cuts to employee benefits, and the Oregon Supreme Court has ruled that retirees are entitled to the benefits they earned. A State Bank could save Oregon up to $1 billion/year in financier fees, while investing in Oregon jobs and more than covering the PERS deficit. More at www.chrishenry.org.
¿Apoyaría usted un banco estatal para Oregón? ¿Por qué sí o por qué no?
Crear un Banco del Estado para Oregón es mi principal prioridad. El Estado de Oregón tiene más de US$115 mil millones en fondos de inversión, muchos colocados en Wall Street, fondos de cobertura, capitalistas oportunistas que ganan aproximadamente US$1 mil millones al año en tarifas (no reveladas) y dirigen casi el 100% a empresas fuera de Oregón. Los gobiernos locales de Oregón pagan a Wall Street altas tasas de interés y más de US$100 millones al año en tarifas por colocación de bonos. Ellos podrían hacerse préstamos por mucho menos de un Banco Estatal. Vea www.orpublicbank.org y www.chrishenry.org.
¿Qué criterios o factores aplicaría usted para tomar buenas decisiones para los bosques del estado de Oregón?
Oregón no debería vender el Bosque Estatal de Elliot o ningún otro bosque estatal. Los bosques son el principal sumidero de carbono y deben ser mantenidos para absorber algunas de las masivas cantidades de gases de efecto invernadero que emitimos. Debemos manejarlos con trabajo intensivo, sin rocío aéreo de pesticidas. Debemos plantar cáñamo industrial en lugares apropiados para producir cincuenta veces más fibra por acre que los bosques antiguos.
¿Qué ideas tiene usted para cumplir las obligaciones del sistema PERS?
Oregón tiene menos obligaciones de PERS sin financiamiento per cápita que 40 otros estados. Aun así, incrementar los costos de PERS constituye un problema. Como el único candidato no corporativo, a favor de los trabajadores en esta competencia, no apoyo más recortes a los beneficios laborales, y la Corte Suprema de Oregón ha decretado que los jubilados tienen derecho a los beneficios que se ganaron. Un Banco Estatal podría ahorrar para Oregón hasta US$1 mil millones al año en tarifas para los financistas, mientras invierte en empleos en Oregón y cubre por demás el déficit PERS. Vea más en www.chrishenry.org.
Term: 4 years
Salary: $77,000 (2017)
Duties: The treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of billions of taxpayer dollars. The treasurer also serves as the state’s chief investment officer and has the duty of investing the monies of numerous funds such as the Public Employees Retirement Fund, the State Accident Insurance Fund and the Common School Fund.
The treasurer serves on a variety of state financial boards and on the State Land Board, which has a fiduciary duty to manage state trust lands for the benefit of the Common School Fund.
The Office of the State Treasurer is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of state funds, issuing state bonds, serving as the central bank for state agencies and administering the Oregon 529 College Savings Network.
The treasurer manages a portfolio of about $88 billion, with investments diversified across a spectrum of asset classes from stocks to real estate.
Source: Oregon Blue Book Rev. 1/2018
Chris Henry
- Independent Party of Oregon
- Oregon Progressive Party
- Pacific Green Party
Union Truck Driver 16+ years w/YRC Freight, Inc. (Teamsters, Local 81)
Campaign Phone (public) (503) 443-5801
Web Site http://www.chrishenry.org
Town Where You Live Oregon City
Your Experience/Qualificatons former board member, Oregon Consumer League former delegate, Consumer Federation of America co-chair, Williamette Neighborhood Association
LWV Interview Video http://youtu.be/U-RIQaYtQQs
Facebook http://facebook.com/chrishenryfortreasurer
Would you support a state bank for Oregon? Why or why not?
Creating a viable State Bank for Oregon is my top priority.The State of Oregon has over $115 billion of investment funds, much placed with Wall Street, hedge funds, vulture capitalists who take about $1 billion/year in fees (undisclosed) and direct nearly 100% to businesses outside Oregon. Oregon local governments pay Wall Street high interest rates + over $100 million/year bond placement fees. They could borrow for much less from a State Bank. See www.orpublicbank.org and www.chrishenry.org.
What criteria or factors would you use to make the right decisions for Oregon’s state forests?
Oregon should not sell the Elliot State Forest or any other state forest. The forests are Oregon's primary carbon sink and should be maintained to absorb some of the massive amounts of greenhouse gases we emit. We should manage them labor-intensively, without aerial spraying of pesticides. We should plant industrial hemp at appropriate locations to produce 50 times the fibre per acre of old growth forest.
What ideas do you have for fulfilling the obligations of the PERS system?
Oregon has less unfunded PERS obligations per capita than 40 other states. Still, increasing PERS costs are a problem. As the only non-corporate, pro-worker candidate in this race, I do not support further cuts to employee benefits, and the Oregon Supreme Court has ruled that retirees are entitled to the benefits they earned. A State Bank could save Oregon up to $1 billion/year in financier fees, while investing in Oregon jobs and more than covering the PERS deficit. More at www.chrishenry.org.
¿Apoyaría usted un banco estatal para Oregón? ¿Por qué sí o por qué no?
Crear un Banco del Estado para Oregón es mi principal prioridad. El Estado de Oregón tiene más de US$115 mil millones en fondos de inversión, muchos colocados en Wall Street, fondos de cobertura, capitalistas oportunistas que ganan aproximadamente US$1 mil millones al año en tarifas (no reveladas) y dirigen casi el 100% a empresas fuera de Oregón. Los gobiernos locales de Oregón pagan a Wall Street altas tasas de interés y más de US$100 millones al año en tarifas por colocación de bonos. Ellos podrían hacerse préstamos por mucho menos de un Banco Estatal. Vea www.orpublicbank.org y www.chrishenry.org.
¿Qué criterios o factores aplicaría usted para tomar buenas decisiones para los bosques del estado de Oregón?
Oregón no debería vender el Bosque Estatal de Elliot o ningún otro bosque estatal. Los bosques son el principal sumidero de carbono y deben ser mantenidos para absorber algunas de las masivas cantidades de gases de efecto invernadero que emitimos. Debemos manejarlos con trabajo intensivo, sin rocío aéreo de pesticidas. Debemos plantar cáñamo industrial en lugares apropiados para producir cincuenta veces más fibra por acre que los bosques antiguos.
¿Qué ideas tiene usted para cumplir las obligaciones del sistema PERS?
Oregón tiene menos obligaciones de PERS sin financiamiento per cápita que 40 otros estados. Aun así, incrementar los costos de PERS constituye un problema. Como el único candidato no corporativo, a favor de los trabajadores en esta competencia, no apoyo más recortes a los beneficios laborales, y la Corte Suprema de Oregón ha decretado que los jubilados tienen derecho a los beneficios que se ganaron. Un Banco Estatal podría ahorrar para Oregón hasta US$1 mil millones al año en tarifas para los financistas, mientras invierte en empleos en Oregón y cubre por demás el déficit PERS. Vea más en www.chrishenry.org.
