Lawmakers Could Tap 2 Reserve Funds to Fill Oregon’s Budget Deficit. What Are They?

Oregon legislators hear the ‘least worst options’ for possible state education agency cuts

Tough times are ahead for Oregon’s education system.On top of district-level funding challenges brought on by declining school enrollment and rising costs, Oregon’s three largest state education agencies are looking at millions of dollars in potential cuts due to a loss in federal funding.That’s why the Oregon Legislature gave the agencies an assignment: draw out two budget scenarios, one for a cut of 2.5% and another for 5%.Oregon’s Department …

Oregon lawmakers grapple with cuts to state agencies to address $373 million shortfall

Oregon lawmakers are bracing for some tough decisions in the near future as the state faces $373 million budget deficit over the next two years.

Lawmakers could tap 2 reserve funds to fill Oregon’s budget deficit. What are they?

The Oregon Legislature is meeting this week to consider some major cuts to current spending levels as a large revenue deficit looms. That’s because the state’s tax code automatically replicates new federal tax cuts, including ones passed by Congressional Republicans this summer that will reduce state revenue.

Lawmakers might tap two reserve funds to fill Oregon’s budget deficit. What are they?

The Oregon Department of Revenue building in Salem on Thursday, Feb. 13, 2025. State lawmakers facing a budget deficit in the coming year are considering whether to withdraw money from two state reserve accounts to help plug revenue gaps. (Photo by Alan Cohen/Oregon Capital Chronicle)The Oregon Legislature is meeting this week to consider some major cuts to current spending levels as a large revenue deficit looms. That’s because the state’s tax …