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Oregon may tap its $1.9B Rainy Day and $1B Education funds to cover revenue losses from federal tax cuts.
Oregon lawmakers are considering using its $1.9 billion Rainy Day Fund and $1 billion Education Stability Fund to address a budget shortfall caused by federal tax cuts reducing state revenue.
The funds can be accessed under specific economic conditions, including revenue drops or rising unemployment, and require legislative approval.
Democrats hold enough seats to pass withdrawals without Republican support.
Both funds were previously used during the Great Recession and pandemic, and are projected to grow significantly by 2027 if not tapped.
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Oregon puede aprovechar sus fondos de $ 1.9B Rainy Day y $ 1B Education para cubrir las pérdidas de ingresos de los recortes de impuestos federales.