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Business Oregon briefs subcommittee on infrastructure fund balances, forecast model and demand for loans and grants
Summary
Business Oregon presented a high-level forecast of multiple infrastructure funds, highlighted demand for the Special Public Works Fund and childcare infrastructure bond rounds, and noted some funds would go negative without new legislative allocations.
Business Oregon staff told the Ways and Means Subcommittee on Transportation and Economic Development on April 7 that several infrastructure funds are under active demand and that some will require legislative recapitalization to sustain current award levels.
Ed Taber, Business Oregon’s infrastructure and program services director, said the department presented a forecast model covering multiple programs administered by the Infrastructure Finance Authority (IFA), including the Special Public Works Fund (SPWF), Port Revolving Loan Fund, Marine Navigation Fund, Brownfields funds and the Childcare Infrastructure Program. He described the model as a high-level spreadsheet and said staff are…
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