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FL advocates worry about the EPA delaying an important decision on emissions; WV is a leading state in criminal justice reform thanks to national backing; CA groups are celebrating a judge rejecting a federal moratorium on offshore wind; U of MI child care workers are fighting for a livable wage; gray whales might not be bouncing back as fast as previously thought; and NY advocates are celebrating a federal ruling saying the Trump Administration's wind energy ban was illegal.

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The Senate fails to extend ACA subsidies all but ensuring higher premiums in January, Indiana lawmakers vote not to change their congressional map, and West Virginia clergy call for a moratorium on immigration detentions during the holidays.

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Farmers face skyrocketing healthcare costs if Congress fails to act this month, residents of communities without mental health resources are getting trained themselves and a flood-devasted Texas theater group vows, 'the show must go on.'

State-funded program needs boost to help more Oregonians save money

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Wednesday, April 16, 2025   

A state-funded matched savings program has helped low-income Oregonians for more than 25 years and backers said it needs more funding to continue.

Participants in the Oregon Individual Development Account Initiative save money toward specific goals like buying a home or vehicle, or going to college, while working with local nonprofits. Once they reach their savings goal, the state matches it at a 5-1 ratio, helping build long-term financial stability.

Abi Brambila, a first-generation college graduate and small business owner, credits the program for the financial support to make college possible, and its budgeting classes for giving her confidence.

"These skills are going to take you further than any amount of money," Brambila pointed out. "For me, it really has been life-changing, and I do believe that other people deserve to get into a program like this."

Despite rising costs for goals like education and homeownership, program funding has remained flat for 15 years. Advocates are asking the legislature to update the funding to reflect inflation.

Cameron Herrington, director of policy and advocacy for the nonprofit Neighborhood Partnerships, which helps distribute the funds, said lawmakers have two options to shore up the program's funding: raise the cap on its main tax credit or dedicate some lottery revenue.

Herrington noted the program has helped more than 19,000 low-income Oregonians since it started, but cannot continue at its current pace without more support. He added both bills have bipartisan backing statewide.

"It's a matter of the budget writers at the legislature stepping up to the plate now and fixing the funding," Herrington emphasized. "It's overdue but we've set it up for them to make an easy decision to keep this program strong for the future."

Both bills to increase funding are in committee. Backers of the initiative said it helps bridge the growing income gap in the state, as well as the racial wealth gap. Data show the top 1% of earners in the state have more income than the bottom 50% of Oregonians combined.


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