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On Wednesday, Nov. 16 members of the Oregon House and Senate Revenue Committees received the December Economic and Revenue Forecast, which showed another surge in tax collections for the current 2021-23 biennium. Net General Fund and Lottery revenues are up a combined $6.15 billion since the Legislature adjourned in 2021.
Interestingly enough, though, this will not be a huge help to the 2023-25 biennium because of the state’s kicker law. A majority of the overage will be returned to taxpayers with a personal kicker estimated to top $3.68 billion, and a corporate kicker projected to exceed $1.3 billion.
In contrast to the current biennium, projections for the 2023-25 biennium show revenue growth slowing and economists predicting a mild recession. This is troubling news for K-12 education, which will be competing with other sectors for its biennial budget allocation.
At their meeting on Tuesday, Dec. 6 the School Board adopted a slate of legislative priorities and approved a funding advocacy leave-behind sheet. We invite students, staff, families, and community patrons to join us in advocating for adequate and stable funding for K-12 at the state level…READ MORE
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