May Legislative Update
With the June 30th deadline for adjournment just over a month and a half away, the Oregon Legislature is nearing a final vote on a $2 billion revenue package, is considering over 90 amendments to a comprehensive joint “carbon action plan,” and is considering various proposals for addressing housing costs and efforts to control cost increases in the state’s public employee retirement system (PERS).
Senate Republicans have conducted a four-day walkout protesting a vote on a corporate tax increase when the legislature has not yet taken steps to address PERS costs. Assuming that vote is eventually taken, the next significant step will be on May 15 when legislators receive the next quarterly economic forecast, which will include revenue projections for the next biennium. The legislature will rely on the May forecast to set the final general fund and lottery budgets for all state activities, including Oregon’s public universities.
This update reviews how higher education and Oregon State University priorities have fared since the legislature convened in late January, and the work remaining in the 2019 legislative session…