“Today’s revenue forecast reaffirms that Oregon’s outlook for rapid economic recovery from the COVID-19 pandemic and last year’s historic wildfires remains strong. With solid state revenues expected over the next three biennia, coupled with historical federal investments from the American Rescue Plan and the American Jobs Plan, we have a tremendous opportunity for transformational change.
“Our anticipated state revenues will allow us to fully fund our state agency base budgets; make investments prioritized by the Racial Justice Council; move forward with a $9.3 billion school budget; fully fund the Student Success Act; and ensure no one is kicked off the Oregon Health Plan, among other things. These investments will help Oregonians recover from the COVID-19 pandemic and move Oregon toward a future where equity is realized and all are equal.
“As we near the end of the legislative session, I am urging the legislature to pass a budget that reflects these investments—a budget Oregon can be proud of and that will continue moving us forward—while at the same time reserving additional General Fund dollars. With a strong ending fund balance, we will be able to leverage those state dollars with the additional federal resources that are coming our way, setting us up for tremendous possibilities to help Oregon’s families and businesses continue to recover.
“And as we recover, we must work to create a more just and equitable Oregon, supporting the communities that have been disproportionately impacted. By rooting our recovery efforts in racial equity, we can support economic growth for all of Oregon’s communities.”