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Oregon Senate passes $2 billion education tax

It would raise $1 billion per year through a half a percent tax on Oregon's wealthiest businesses.

Posted: May 13, 2019 5:02 PM
Updated: May 13, 2019 5:20 PM

SALEM, Ore. (AP) -- The Oregon Senate has approved a multibillion dollar education tax designed to boost student performance and decrease class sizes.

The chamber passed House Bill 3427 18 to 11 Monday afternoon after minority Republicans ended a nearly week-long walkout to protest the levy. The measure previously passed the House and now heads to Gov. Kate Brown for her signature.

RELATED: Dems offer concession on vaccines to end Republican walkout

It would raise $1 billion per year through a half a percent tax on Oregon's wealthiest businesses.

"This starts to reverse decades of cheating our children of the education they deserve," Rep. Marty Wilde said in a statement.

The package calls for a .057 percent tax on gross receipts for businesses with $1 million or more in sales, which make up less than 10 percent of all businesses in the state.

A state lawmaker said Senate Democrats dropped the controversial vaccine proposal to coax Republicans back to the Oregon capitol and vote on the bill.

MORE: Teachers march on Oregon Capitol for education funding

The funding bill passed less than a week after thousands of teachers across Oregon walked out on the Day of Action, demanding fully-funded schools.

DAY OF ACTION: Teachers rallying for education funding

"Together we are making history," said John Larson, a high school English teacher and president of the Oregon Education Association. "Educators and public school families can start to breathe a sigh of relief tonight knowing that instead of worrying about budget cuts, we can instead focus on the educational needs of our students and our future."

Oregon Coronavirus Cases

Data is updated nightly.

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