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State economists and child‑care officials brief Senate on Multnomah County preschool tax, program overlap and economic indicators
Summary
An informational meeting examined Multnomah County’s Preschool for All tax and how it overlaps with state-funded preschool programs; the state economist also presented data showing rising unemployment and sectoral job losses in Oregon.
The Senate Committee on Finance and Revenue held an informational meeting on the impact of local income taxes on state and local revenue, focusing on Multnomah County’s Preschool for All tax, state preschool programs and the broader economic context.
State Economist Carl Riccadonna opened with an economic update, noting Oregon’s May unemployment rate at 4.8%, up from 4.1% a year earlier, and net payroll declines of about 1,400 jobs for the month. Riccadonna highlighted weakness in construction and manufacturing and flagged demographic trends—lower population growth and an aging profile—that could dampen future revenue growth.
Alyssa Chatterjee, Early Learning System Director for the Oregon Department of Early Learning and Care, described state-administered preschool programs and how they interact with local initiatives. She summarized three core state…
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