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Hillsboro School District Weekly Hot News May 19, 2025 - Oregon’s June Economic and Revenue Forecast
Oregon’s June Economic and Revenue Forecast was released on Wednesday, May 14. This is the final Forecast of the 2023-25 biennium.
The report showed that Net General Fund and Lottery resources available for the 2025-27 biennium are down $798 million from the March 2025 forecast. It further showed that projected revenue from the Corporate Activities Tax, which is the funding source for the Student Success Act, is down $44.4 million.
In addition, the state’s reserve accounts decreased by over $400 million and are currently projected to sit at $5.09 billion at the end of the 2023-25 biennium.
What this means is that the Legislature has less discretionary revenue with which to make new investments in the 2025-27 biennium. That, coupled with ongoing uncertainty about federal funding to states for a variety of initiatives and programs, will likely limit additional support being directed to K-12 education. It also underscores the need to vigorously advocate for a State School Fund allocation of $11.4 billion, and for the programs that assist districts in supporting vulnerable students as well as those helping students reach graduation: the Student Success Act/Student Investment Account, Measure 98 - High School Success, Early Literacy, Early Intervention/Early Childhood Special Education, and Regional Inclusive Services.
This Forecast confirms that HSD made prudent choices in budgeting conservatively for the 2025-26 school year. And while reducing expenses by $20 million is not what anyone would choose, we are grateful that - at this moment - we are not looking at having to make additional reductions.
Congratulations are in order for HSD’s 93 Class of 2025 Valedictorians and Salutatorians! These students are our highest achievers, and deserve recognition for their hard work and commitment to academic excellence. We honored the students and their accomplishments over a pizza lunch held at Hidden Creek Community Center on Thursday, May 15. Students received congratulations and words of wisdom from Hillsboro Mayor Beach Pace, Washington County Chamber President & CEO Deanna Palm, Hillsboro Schools Foundation Executive Director Aron Carleson, and Superintendent Reiman. At the end of the event, students were asked to share one piece of advice for incoming freshmen; that advice can be found on our website.
There will be no school for all students on Monday, May 26 in observance of Memorial Day.
Hot News is produced and emailed to HSD families and staff each week school is in session. Please add the address to your “safe sender” list to make sure you always receive the latest issue. Please also bookmark our district website: hsd.k12.or.us to stay informed about what’s happening in our district and schools.
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By Hillsboro School District
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Oregon’s June Economic and Revenue Forecast was released on Wednesday, May 14. This is the final Forecast of the 2023-25 biennium.
The report showed that Net General Fund and Lottery resources available for the 2025-27 biennium are down $798 million from the March 2025 forecast. It further showed that projected revenue from the Corporate Activities Tax, which is the funding source for the Student Success Act, is down $44.4 million.
In addition, the state’s reserve accounts decreased by over $400 million and are currently projected to sit at $5.09 billion at the end of the 2023-25 biennium.
What this means is that the Legislature has less discretionary revenue with which to make new investments in the 2025-27 biennium. That, coupled with ongoing uncertainty about federal funding to states for a variety of initiatives and programs, will likely limit additional support being directed to K-12 education. It also underscores the need to vigorously advocate for a State School Fund allocation of $11.4 billion, and for the programs that assist districts in supporting vulnerable students as well as those helping students reach graduation: the Student Success Act/Student Investment Account, Measure 98 - High School Success, Early Literacy, Early Intervention/Early Childhood Special Education, and Regional Inclusive Services.
This Forecast confirms that HSD made prudent choices in budgeting conservatively for the 2025-26 school year. And while reducing expenses by $20 million is not what anyone would choose, we are grateful that - at this moment - we are not looking at having to make additional reductions.
Congratulations are in order for HSD’s 93 Class of 2025 Valedictorians and Salutatorians! These students are our highest achievers, and deserve recognition for their hard work and commitment to academic excellence. We honored the students and their accomplishments over a pizza lunch held at Hidden Creek Community Center on Thursday, May 15. Students received congratulations and words of wisdom from Hillsboro Mayor Beach Pace, Washington County Chamber President & CEO Deanna Palm, Hillsboro Schools Foundation Executive Director Aron Carleson, and Superintendent Reiman. At the end of the event, students were asked to share one piece of advice for incoming freshmen; that advice can be found on our website.
There will be no school for all students on Monday, May 26 in observance of Memorial Day.
Hot News is produced and emailed to HSD families and staff each week school is in session. Please add the address to your “safe sender” list to make sure you always receive the latest issue. Please also bookmark our district website: hsd.k12.or.us to stay informed about what’s happening in our district and schools.