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Oregon’s budget surplus grows to $156M, but schools face cuts amid federal tax loss and stagnant jobs.
Oregon’s state budget has shifted from a projected deficit to a $156 million surplus, driven by stronger-than-expected corporate profits and consumer spending, according to updated forecasts.
Despite this improvement, lawmakers face challenges, including a $888 million revenue loss from federal tax cuts and stagnant job growth despite rising production.
Portland Public Schools warns a proposed $50 million budget cut could force 300 staff layoffs and school closures, urging lawmakers to use the state’s Education Stability Fund and reconsider ties to federal tax breaks.
Oregon has also launched new statewide standards to measure student success beyond test scores, focusing on equity, well-being, and college and career readiness.
El superávit presupuestario de Oregon crece a $156 millones, pero las escuelas enfrentan recortes en medio de la pérdida de impuestos federales y el estancamiento de los empleos.