[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6219727,"mediaKeyId","3621055-99463ca114b303fdb378708d1652f1fe","parentId",3621055,"title","Committee advances bill requiring climate-risk analysis for state investment managers","audioSeconds",1307,"startMs",257015,"endMs",1564715,"viewUrl","/Search/View?dp=1&key=3621055-99463ca114b303fdb378708d1652f1fe&start=257&end=1564","thumbnailUrl","https://assets.pipeline.soar.com/3621055-99463ca114b303fdb378708d1652f1fe/thumbnail_257015.jpg","articleUrl","/articles/6219727/Oregon/Committee-advances-bill-requiring-climate-risk-analysis-for-state-investment-managers","mediaUrl","https://secure.pipeline.soar.com/6219727-62d304e236503e12d9e12a4b6e07b159/orig.mp4?Expires=1771134573&Signature=TlgwK5G6qtKMN6W686esc6yXfKxWWwgfSe133yfY29GdLIFvRaO5-H5Wl3lS3PBHGSyg8rR5BPCnRXAnDcPx0q9uyvbG8kAH31ow2dBBOfNvyHPGzfM~fMBVU4lnw03qB5geP1DAxlFByST6xnbBEa89AjEtNJ4JXjaizuAXae19doQSFiUsC50mgfv236xOfJcO1mnE6Qs8aaAThAU9aq~0EEu7I7~eYfdjrATmNVYW656PkZ23RM1Kz8Jz7qOsAz1B5bTfkHDSOvPK~YgDD2Xsa5F0SePLjK1DX6ewIVUuzKFqhJvNwWpTA3NZsvtQKP4pAzssiYcuMNpqK~lE-Q__&Key-Pair-Id=KUT5TJCACFTXG","author","Oregon Legislature","date","2025-06-02T00:00:00Z","article","The Senate Committee on Finance and Revenue agreed to send House Bill 2081A to the floor with a due-pass recommendation after considering language that would require the Oregon Investment Council and the state treasurer to incorporate climate-change risk analysis and management into their investment oversight and to report progress biennially to the Legislative Assembly.

A staff summary described the bill as one that “would require the Oregon Investment Council and state treasurer to incorporate an analysis and management of the risks of climate change into the management of funds that they oversee, as well as require them to submit a biennial report to the legislative assembly regarding the progress toward an investment program that addresses the impact of climate change on the portfolio.”

Vice Chair McLean moved House Bill 2081A to the floor with a due-pass recommendation. After roll call, the committee announced the motion passed with a 3-2 vote. The committee then assigned a carrier to the measure and closed the work session.

Committee discussion during the open work session was brief in the transcript and recorded no substantive amendments; staff indicated the proposal would require work by the Oregon Investment Council and the treasurer to produce the periodic report to the legislature if the bill is enacted.

No detailed fiscal impact or implementation timeline beyond the biennial reporting requirement was recorded during the committee’s discussion on June 2.","mediaType","Video","parentTitle","Senate Committee On Finance and Revenue 06/02/2025 8:00 AM","oneSentenceSummary","House Bill 2081A would require the Oregon Investment Council and the state treasurer to analyze and manage climate-change risks across the funds they oversee and submit biennial progress reports to the legislature; the committee moved the bill to the floor with a 3-2 vote.","taxTitle","Finance and Revenue, Senate, Committees, Legislative, Oregon","taxId",17809,"location","Oregon","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6219732,"Senate panel approves advisory committee to study rural fire protection district funding",1178,330240,1508645,"/Search/View?dp=1&key=3621055-99463ca114b303fdb378708d1652f1fe&start=330&end=1508","https://assets.pipeline.soar.com/3621055-99463ca114b303fdb378708d1652f1fe/thumbnail_330240.jpg","/articles/6219732/Oregon/Senate-panel-approves-advisory-committee-to-study-rural-fire-protection-district-funding","https://secure.pipeline.soar.com/6219732-ff464b4dc3fdc58d549f85e830e89bc8/orig.mp4?Expires=1771134573&Signature=FPd~Wy8m5inSbW6BL4nV7xqz-q7P2koDh90CnjpoL~680c7QP1R6bU6jLRvMqi7bf-J1ckf6ttt15r~Cmt7If77jldBpJWDSh6FwzMebYnkRp7UOwCDI3eZXnaXf5vVc~m4Q5iTSPhd1odStVDgvCHwSlQXUqR7-BYt2kG0dp3wIu9sDrB2CvyiLf7IkgUjCh7UH4Mkx6h8wHucTVv9e-quA9Wu4ot7KisyJioqdtjK6dieYq5pOxy~TZR0QZNTyRRXmyHAtlhsLDNo2qwOlzEg-81fGH5ZinU-C69wVgNecmX~DC1c5LfDc4lZjkMXweSpOvK-6yTcXNjKQiaVWCQ__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Committee on Finance and Revenue on Monday adopted an amendment and sent Senate Bill 454 to the floor with a due-pass recommendation after hearing testimony that rural fire protection districts face persistent funding shortfalls.

Senate Bill 454 as amended would require the Department of the State Fire Marshal to convene an advisory committee to review funding mechanisms available to rural fire protection districts, identify funding limitations and services provided, and develop recommendations. The bill sets a committee report deadline of Dec. 31, 2026.

Brian Stewart, assistant chief with Clackamas Fire District and a member of the Oregon Fire Chiefs Association board, told the committee the Oregon fire service convened regional leaders and produced a document outlining shared financial challenges. “What underpinned each of those ... was each component of that had insufficient funding for those challenges,” Stewart said, listing rising EMS call volume, recruitment and retention, and wildfire risks among the pressures.

Stewart said the dash-2 version of the bill “brings that opportunity to have those conversations in a structured and methodical way, under the work of the Oregon State Fire Marshal.” He noted the fire service includes hundreds of agencies, “over 80% of which are rural fire protection districts,” and urged the committee to enable a study that will produce concrete talking points and options for funding.

Several senators emphasized the statewide nature of the problem and noted examples from coastal and inland rural communities. Senator Dan Weber of District 16 said rural fire departments are “integral to sustaining our health in our small communities” and voiced his full support. Senators also discussed how wildfire funding and forest-lane classification issues intersect with rural district funding and noted House Bill 3940 addresses one such statutory provision.

Vice Chair McLean moved adoption of the dash-2 amendment dated May 7; the committee adopted the amendment without recorded opposition and then moved the amended bill to the Senate floor with a due-pass recommendation. The committee described the fiscal impact of the bill as minimal and stated it would have no revenue impact.

The motion to send the bill to the floor was announced as passed; committee leadership assigned Senator Weber as the carrier for the bill.","Senators adopted an amendment and approved Senate Bill 454 as amended to create an advisory committee under the State Fire Marshal to evaluate funding options and limitations for rural fire protection districts, directing a report to the legislature by Dec. 31, 2026.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6219737,"Senate committee hears bill to expand Oregon homestead property tax deferral",137,27515,165375,"/Search/View?dp=1&key=3621055-99463ca114b303fdb378708d1652f1fe&start=27&end=165","https://assets.pipeline.soar.com/3621055-99463ca114b303fdb378708d1652f1fe/thumbnail_27515.jpg","/articles/6219737/Oregon/Senate-committee-hears-bill-to-expand-Oregon-homestead-property-tax-deferral","https://secure.pipeline.soar.com/6219737-24b3b43c2aac9237996e5974285aa8a3/orig.mp4?Expires=1771134573&Signature=B5GX5yhf15vKWGtwliHxVntdkW7ick4fm~NrkEsjrZqcAKU-Fp9pFFDxRt42gB4ZuXKIuSnrvP2KlH57yReEpZ93Vbq17KClx7KfAJx-Qwkm~ASQDezgDAjNSR3dDZCuoVDdQgm5Dcs7ia2F9FV1C8h9KsuIKiD0oBjqtbLwg0189Zv7Bw1kLDZ580ZNbu61iM4ulaALwK0eJj6pHCU5XBgA37eZ~WdZ6j9ygp9A~OvSPN9gNBFIur4VT9QdYSS5Omg34fAzd5rrCeim~87s18rTUuULMl5~EGRWz~2Ex~ls88wYwDb3Rirkzu0cInRMW70ZZlKYtcEUUT~mJjBYIg__&Key-Pair-Id=KUT5TJCACFTXG","A Senate Committee on Finance and Revenue public hearing Monday considered House Bill 3,712 A, which would raise income and some property-value limits for Oregon’s homestead property tax deferral program and require a Legislative Revenue Office study and report.

The bill would increase the household income cap from $60,000 to $70,000 and raise the real market value limit to 150 percent of the county median for homeowners with residency under 15 years; it also directs the Legislative Revenue Officer to “conduct a study of the deferral program related to homestead equity and submit a report to the legislature by September of 2026.”

Marcia Kelly, representing the Oregon Women’s Rights Coalition, told the committee the changes are “good fixes for under-subscription in the program” and said raising limits could help “lower income, fixed income seniors or people with disabilities to be able to stay in their homes.” She added that expanding use of the deferral program can save state money by avoiding other care costs such as Medicaid.

Jody Weiser of Tax Fairness Oregon described the program as “an excellent benefit available to Oregon seniors and SSI disabled homeowners but few of them use it.” Weiser estimated there are 600,000 to 700,000 senior homeowners in Oregon and said just 3,662 currently participate. She told the committee the program’s 6% interest rate is high compared with other states and suggested equity-based eligibility could be a better fiscal safeguard than the statute’s current residency or asset tests. “Equity not years in one's home is a better way of assuring the state's fiscal is protected,” Weiser said.

A Legislative Revenue Office representative described the list of topics in section 5 of the bill as a “minimum expectation” for the required report and said LRO would check in with the revenue committees and stakeholders to identify additional information needed for the study if the provision becomes law.

Committee members and witnesses noted outreach gaps: Weiser said several legislators told her they were unaware of the program when she met with them, and the bill’s proponents highlighted a $150,000 item in other legislation to help the Department of Revenue improve program communication.

The committee kept the public hearing record open earlier in the meeting, and members said they plan to schedule a work session on the bill. No formal vote on House Bill 3,712 A occurred during the June 2 meeting.

The committee also previewed other items for its next meeting, including bills addressing military deployment tax treatment and noncommercial residential fees.","A public hearing on House Bill 3,712 A drew testimony supporting modest eligibility changes and a Legislative Revenue Office study to inform future adjustments to Oregon's homestead property tax deferral program.","actionData","errors"]

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Committee advances bill requiring climate-risk analysis for state investment managers

Senate panel approves advisory committee to study rural fire protection district funding

Senate committee hears bill to expand Oregon homestead property tax deferral