Oregon has more than $1 billion in new debt capacity

Portland Business Journal:

Oregon can borrow more than $1 billion for projects such as new buildings and road repairs, state Treasurer Ted Wheeler said in a news release Friday.

The announcement is another sign that Oregon's fiscal condition continues to improve.

The new debt capacity results from paying off earlier debts. It includes $902 million in additional debt capacity backed by the state's General Fund revenue sources, such as income taxes. It also includes $151 million in debt backed by Oregon Lottery revenue.

If…

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