Oregon

Analysts say the outcome of the special session called by Gov. Tina Kotek to avert layoffs and close a transportation funding gap could affect ratings.

Oregon Gov. Tina Kotek signed the legislation expected to raise $40 million annually.

The layoffs will mean a hit to basic services and the cancellation or delay of projects.

Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.

The law would allow up to $800 million in bond funding if Major League Baseball selects Portland, Oregon, for an expansion or transplant team.

Oregon's Senate president altered the make-up of the transportation committee to get the massive tax bill passed.

Washington and Oregon are still nailing down the final cost and toll rates for the long-planned replacement for the aging spans carrying I-5 across the river.

An economic slowdown partially fueled by tariff turmoil has forced West Coast states to lower revenue projections and slash budgets.

Lawmakers have $755 million less to spend and only six more weeks to work on the two-year budget.

The state plans to price $626 million in GOs, in part, to fund the I-5 bridge replacement