After nearly three decades of disinvestment in our schools, the Oregon Legislature passed landmark legislation this year to invest $1 billion annually in K-12 and early education. The legislation, called The Student Success Act, was the culmination of over a year of work, with constituents and legislators traveling the state to learn what was working in schools, what they needed, and how they could help. This critical revenue will be strategically invested in student success, with accountability measures built in to ensure funds are being spent wisely.
The Student Success Act creates the Fund for Student Success, which is split into three new accounts. Funds will go into these accounts after current service is restored for the State School Fund. The three accounts are the Student Investment Account (50%), the Statewide Education Initiatives Account (30%) and the Early Learning Account (20%).
Student Investment Account (50%)
Funds from the Student Investment Account give schools the flexibility to target investments where they most need them, within a set of eligible uses. These uses include:
In addition to these specific eligible uses, the Student Investment Account includes performance metrics that will make sure districts stay on track. These include:
With strategic areas for districts to invest and metrics to ensure accountability for the funds, the Student Investment Account will be a key piece of improving student success statewide.
Statewide Education Initiatives Account (30%)
The Statewide Education Initiatives Account will fund statewide programs to help all schools raise performance levels for students.
These funds will be distributed to support:
Early Learning Account (20%)
The Early Learning Account will fund early learning programs statewide, including:
Together, these three accounts will provide the resources and strategic targets needed to increase student success throughout Oregon. With these funds, districts will have the resources needed to raise graduation rates, reduce class sizes, expand career and technical education, hire more teachers and counselors, and improve mental health services for students.