Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
LRO briefs committee on Oregon reserve funds and the upcoming kicker certification
Summary
LRO staff summarized Oregon’s two reserve funds—the constitutionally created Education Stability Fund and the statutory Rainy Day Fund—explained statutory withdrawal triggers, reported roughly $3.0 billion in combined reserves at the start of the biennium, and reminded members of the chief economist’s kicker certification timetable and the roughly $1.4 billion estimate from the most recent forecast.
Legislative Revenue Office staff told the House Committee on Revenue that Oregon has two primary reserve vehicles: the constitutionally established Education Stability Fund and the statutory Rainy Day Fund. LRO staff said the combined reserves at the start of the biennium were roughly…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
