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Business Oregon outlines $19.36 million of 5% reduction options; agency proposes project pauses and program trims
Summary
Business Oregon told the subcommittee it could meet a 5% reduction target with proposals totaling about $19.36 million, prioritizing preservation of contracted and health/safety projects while proposing elimination of the uncontracted Oregon Metals Initiative and reductions to arts projects.
Business Oregon Director Supon Ting and Deputy Director Chris Cummings told the interim subcommittee how the agency approached the legislatively requested 5% reduction exercise. The agency described its fiscal picture: general fund is roughly 5% of its budget, lottery fund about 6% (≈$127 million), and other funds and bond/ARPA proceeds make up the majority of its ~ $2 billion program portfolio. For the 5% target (presented in 2.5% increments), staff identified…
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