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Panel finds 2024 quality-education model undercounts Student Success Act funding; committee votes to adopt draft report
Summary
Legislative analysts told the joint education appropriations committee that the 2024 Quality Education Model (QEM) omits some Student Success Act (CAT) revenue from its state-funding line, inflating the reported funding gap; the committee adopted a draft report and moved to consider a committee bill in January.
Wendy Gibson of the Legislative Fiscal Office told the joint committee on public education appropriations that the 2024 Quality Education Model (QEM) does not consistently include corporate activity tax revenue created by the Student Success Act (SSA), and that omission inflates the model's reported funding gap. "Representing it that way I believe to be extremely misleading," Gibson said during the informational presentation.
Gibson described how the Fund for Student Success, established by ORS 327.001, collects CAT proceeds and transfers them into three subaccounts: the Student Investment Account (SIA), the Statewide Education Initiatives Account (SEIA), and the Early Learning Account (ELA). She said the SIA alone represents about $1.1 billion in the 2025—27 biennium, and that the fund has produced roughly $6.6 billion in new investments for K—212 programs since 2019.
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