PORTLAND, Ore. (KOIN) — Gov. Kate Brown signed the Student Success Act into law days after the House and Senate passed a $9 billion two-year school budget.
In a tweet, Brown said she was “Proud to sign our Student Success Act into law today, ensuring our schools will finally receive funding at the level our children deserve. This is a big day for our kids, and their future.”
The $9 billion budget is $100 million more than what Gov. Kate Brown recommended in her budget proposal
It would raise $1 billion per year through a half a percent tax on Oregon’s wealthiest businesses.
The package calls for a .057% tax on gross receipts for businesses with $1 million or more in sales, which make up less than 10% of all businesses in the state.
But legislative analysts say that’s still not enough. The Quality Education Commission recommends the state invest at least $10.7 billion to meet educational needs.