Hillsboro School District Weekly Hot News, December 2, 2024, December State Revenue Forecast & Legislative Advocacy Packet

Oregon released its December Economic and Revenue Forecast on Wednesday, November 20.  The forecast showed significant surges that are projected to generate an additional $982.5 million in Net General Fund and Lottery Resources for the 2023-25 biennium, compared to the September 2024 Forecast. The projected personal kicker jumped to $1.792 billion (up from $987 million) and the projected corporate kicker grew to $1.024 billion (up from $882.8 million). Corporate kicker funds will be required to be spent on K-12 education during the 2025-27 biennium. None of the additional resources are available to schools in the current school year. Full story on our website at www.hsd.k12.or.us