The Oregon Court of Appeals on Wednesday reversed a $1.1 billion verdict against the state for how it manages forests, ruling that the state wasn’t obligated to maximize logging and profits.
Julia Shumway
Oregon will divest Russian investments, Treasurer Read says
Oregon will dispose of about $137 million invested with the Russian government and Russian companies over the country’s invasion of Ukraine, state Treasurer Tobias Read announced Thursday. The money is tied up in Russian bonds, public equity and currency and with Russian companies represents about 1/10th of 1% or the[Read More…]
Oregon economic forecast: More money for lawmakers to spend, tax credits likely in two years
Higher wages for workers and more income for businesses is driving up state tax collections, creating the prospect for even more state government spending and then credits in two years for those paying income taxes, state economists announced Wednesday. The economists described a robust Oregon economy that they now project[Read More…]
How should Oregon spend $400 million on roads and transit? State officials want your input
The Oregon Transportation Commission wants Oregonians’ thoughts on how best to spend more than $400 million, available as part of the recent federal infrastructure law. Oregon will receive more than $3.4 billion for roads over the next five years, with $1.2 billion going directly to the state Transportation Department and[Read More…]
In final State of the State address, Brown touts victories, pushes spending plan
Gov. Kate Brown’s final State of the State address on Thursday served largely as a victory lap, while she challenged legislators to approve her plans to spend $700 million on job training, housing and child care. As she did last year, Brown gave her 30-minute speech virtually from her office[Read More…]
Sen. Betsy Johnson will resign to focus on run for governor
Betsy Johnson will end her 20-year career in the state Legislature on Wednesday to focus all her attention on her non-affiliated run for governor. Johnson, who left the Democratic Party in October to launch her campaign, said in a video shared Tuesday that she would resign as state senator to[Read More…]