In a recent meeting of the Joint Committee on Ways and Means Subcommittee on Transportation and Economic Development, significant discussions centered around House Bill 5,024, which aims to adjust the budget for the Oregon Business Development Department. The meeting, held on June 3, 2025, highlighted key performance measures and budget amendments that reflect changing economic conditions in the state.

Representative Kate initiated the proceedings by moving the Legislative Fiscal Office (LFO) recommendation for House Bill 5,024. The motion was adopted without opposition, indicating a consensus among committee members. A notable aspect of the discussion was the adjustment of key performance measures, particularly the number of jobs retained, which has been revised due to the phase-out of COVID-era emergency business assistance grants. This change suggests a shift in the economic landscape, as fewer funds will be available for business support moving forward.

The committee also reviewed the dash 3 amendment, which outlines the recommended budget allocations. The proposed budget totals approximately $210.6 million from the general fund, alongside significant contributions from lottery and federal funds. The amendment reflects a total of 200 positions and a full-time equivalent (FTE) of 96.13, indicating a structured approach to managing resources within the department.

Following a thorough review, Representative Kate moved for the adoption of the dash 3 amendment, which was also approved without opposition. The final recommendation from the LFO is for House Bill 5,024, as amended, to proceed to the full Ways and Means committee with a due pass recommendation.

While the discussions were largely procedural, they underscore the ongoing adjustments the Oregon government is making in response to evolving economic conditions. Representative Kate expressed her reservations about the budget, hinting at potential concerns regarding its long-term implications. As the bill moves forward, it will be crucial to monitor how these budgetary changes will impact economic development and job retention in Oregon.