Fox News Flash top headlines for August 30
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com.
Oregon will have plenty to spend on public services as corporate tax collections are increasing in a strong post-pandemic economy, state economists said Wednesday.
Total General Fund resources in 2023-25 increased by $437 million, state economists said. Democratic Gov. Tina Kotek welcomed the news contained in the quarterly revenue forecast presented Wednesday by the Office of Economic Analysis.
"We must leverage the opportunity presented by another positive forecast to invest in housing production and other urgent needs to support Oregon families and the state’s long-term economic growth," Kotek said.
Rep. Vikki Breese-Iverson, leader of the minority Republicans in the Oregon House of Representatives, urged that funds be dedicated to combatting crime and the flood of fentanyl into the state. House Speaker Dan Rayfield, a Democrat, said the healthy revenue forecast means Oregon can continue to address homelessness, access to mental health and health care, community safety and education.
PORTLAND SCHOOLS MULL BANNING ZEROES FOR CHEATING AND NOT DOING WORK: ‘BIGOTRY OF LOW EXPECTATIONS’
State economists revealed on Wednesday that Oregon's robust post-pandemic economy is leading to an upswing in corporate tax collections, providing substantial resources for investments in public services.
CLICK HERE TO GET THE FOX NEWS APP
State economist Josh Lehner said that as inflation slows, income gains are outpacing price increases, leading to rising living standards.
"Today’s forecast means we can sustain critical funding for services that directly impact the lives of Oregon families," Democratic Senate President Rob Wagner said.
Senate Republican Leader Tim Knopp urged bold investments in infrastructure like roads, sewer systems, and water.
An increase in revenues at the end of the 2021-23 biennium will result in a larger personal income "kicker" than previously estimated, state economists said. The typical Oregonian is expected to receive a $980 credit on their state income tax under Oregon’s unique "kicker" law.
True Crime
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
