Oregon has tailored its 529 program to meet the varied needs of our residents by providing a diverse mix of investment options and channels to buy these plans. College Savings Month is an important avenue for us to educate Oregon residents about the benefits associated with 529s, especially how these plans allow education savings to accumulate tax-free and be withdrawn free from federal and Oregon income taxes when used for college tuition. |
Reaching $500 million this quickly is a testament to the quality of the state's college-savings program and the recognition by Oregonians that saving now is better than borrowing later, |
This is an opportunity that won't come our way again in our lifetimes. It's a watershed time for the state. |
This time, you didn't see them raiding reserve funds, and bonding was for typical investments in infrastructure, ... We had a very normal session. It didn't in any way impact the state's credit standing. |