Salem, Ore. – Speaker of the House, Tina Kotek, says today’s strong Revenue Forecast will equal more money for public schools.
State economists are also predicting that Oregonians will receive a $473 million kicker rebate at the end of the two-year budget cycle. That is even higher than the earlier projections… $124 million more than was estimated in February.
The quarterly revenue forecast was released this morning.
Here’s speaker Tina Kotek’s statement:
“Today’s forecast puts us in a solid place to pass bipartisan budgets that will expand prosperity in all corners of our state while building toward a secure future.
“Because the Legislature guaranteed that additional revenue from this forecast would go directly to our schools, Oregon’s K-12 schools will see a boost of over $100 million for the next two years, on top of the $7.255 billion already approved. We will further prioritize education by strengthening support for early childhood education and expanding financial assistance for college students.
“This strong forecast will allow us to fill the current budget holes in public safety, human services, and natural resources in order to meet the needs of communities throughout Oregon – all while maintaining responsible reserves to protect our state from future downturns.”
If you see local news happen, call the Horizon Broadcasting Group News Tip Hotline at 541-323-NEWS, or email us.
