Oregon Budget

Northwest Economics
4:51 pm
Wed August 28, 2013

Oregon Revenue Outlook: 'Slow And Steady'

Originally published on Wed August 28, 2013 2:43 pm

Oregon's economy is holding steady. That was the word from state economists as they delivered a quarterly update on the revenue picture to lawmakers.

Oregon lawmakers craft a spending plan and then keep their fingers crossed that all of the anticipated revenue materializes over the next two years. A legislative panel got its first update since the close of the session last month about whether or not that spending plan is in jeopardy.

The answer: For now, things are holding course.

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Oregon Legislature
4:34 pm
Mon July 8, 2013

Oregon Lawmakers Close Out 2013 Session

Cacophony Wikimedia

Originally published on Mon July 8, 2013 4:43 pm

Oregon lawmakers have adjourned their 2013 legislative session. The final gavel fell just before 3 p.m. Monday.

House Speaker Tina Kotek carefully calibrated the final gavel to time it just right with her Senate colleague on the other side of the capitol rotunda. She then said to cheers, "The 77th legislative assembly is hereby adjourned Sine Die."

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Oregon Budget
4:10 pm
Mon July 1, 2013

Oregon Lawmakers Send Education Budget To Governor

Jessica Paterson Flickr

Originally published on Mon July 1, 2013 4:34 pm

Oregon schools will get a sizeable increase in state funding after the Oregon House gave final approval to a spending plan for K-12 schools. Supporters say it will protect most districts from cuts.

When combined with a separate bill to cut public pensions, the education budget gives Oregon schools an additional $1 billion dollars to spend statewide. The plan had been tied up in a political showdown in the Senate but it passed the House by a wide margin.

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Oregon Budget
5:30 pm
Wed June 26, 2013

Oregon Senate Changes Course, Approves Schools Budget

M.O. Stevens Wikimedia

Originally published on Wed June 26, 2013 4:04 pm

A major component of the Oregon budget is on the move in the legislature again. The Oregon Senate Wednesday signed off on the spending plan for K-12 schools. It comes one week after the same budget proposal failed.

Oregon schools get the bulk of their money through the legislature. This budget would represent a sizable boost over last time. But the proposal failed on the Senate floor last week when one Democrat joined with all of the Republicans to block it.

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Oregon Budget
5:03 pm
Mon June 17, 2013

Oregon K-12 Budget Hits Legislative Roadblock

M.O. Stevens Wikimedia

Originally published on Mon June 17, 2013 4:58 pm

The largest portion of the Oregon state spending plan hit a major roadblock in the legislature Monday.

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Oregon Budget
3:59 pm
Mon June 10, 2013

Still No Agreement On Revenue, Pensions In Oregon Legislature

M.O. Stevens Wikimedia

Originally published on Mon June 10, 2013 3:54 pm

Oregon lawmakers could vote as soon as Tuesday on money for K-12 education. But final approval of the spending plan likely won't happen until later this month.

On the table right now is $6.75 billion for Oregon schools. That's a sizable jump over the current spending plan. But some of the state's largest districts say even with that increase, they'd still need to cut teachers or school days.

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Corporate Kicker
4:11 pm
Thu May 16, 2013

Increased Corporate Tax Collections Could Trigger Oregon's Kicker Rebate

Originally published on Thu May 16, 2013 3:22 pm

Better-than-expected tax collections could trigger Oregon's unique kicker law, at least for corporations. The rebate is issued if revenues exceed initial projections by more than two percent. A newly released revenue forecast noted Thursday that business taxes have been robust enough to cross that threshold.

But state economist Mark McMullen says a final tally won't be made until later this year. "We believe that a kicker is better than a 50-50 shot. But not a sure thing. That came with a big surge in corporate taxes at the beginning of the year."

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Revenue Forecast
4:09 pm
Thu May 16, 2013

State Economist: Oregon's Growth Rate Improving

Originally published on Thu May 16, 2013 4:31 pm

Oregon's economic outlook is looking brighter. That's according to state economists, who issued their quarterly revenue forecast Thursday. The news comes as lawmakers get ready to put together the state's next two-year spending plan.

The slow and steady improvement is still steady, just not quite as slow. The overall growth rate is still a bit behind past expansions, but state economist Mark McMullen says some of the factors holding back Oregon's economy are looking better, such as jobs and the housing market.

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Oregon Budget
4:33 pm
Wed May 15, 2013

Kitzhaber Challenges Lawmakers To Pass Additional Pension Cuts, Tax Hikes

Office of the Governor

Originally published on Wed May 15, 2013 4:20 pm

On the eve of a new state revenue forecast, Oregon Governor John Kitzhaber is putting pressure on state lawmakers to reach a deal over taxes and public pensions. The Democrat proposed a compromise Wednesday aimed at pleasing Republicans and Democrats in the legislature.

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Hospital Tax
5:31 pm
Tue May 14, 2013

Oregon Hospital Tax Becomes Political Bargaining Chip

Originally published on Tue May 14, 2013 5:02 pm

The Oregon House Tuesday approved a measure to renew a tax paid by hospitals and long-term care facilities. The concept isn't controversial since the institutions that pay it are largely reimbursed by federal Medicaid dollars. But the vote became a skirmish in a larger political battle in Salem.

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