PORTLAND, OR—Gov. John Kitzhaber proposes using $242 million in bond sale proceeds to fund new construction in the state's higher education system in his 2013-2015 budget. The state funds would augment the $390 million in bond proceeds that the individual schools will be required to repay, according to the Portland Business Journal.
The governor's office developed the list in an effort to help schools make room to support Oregon's 40-40-20 higher ed goal by 2025. That initiative aims to have a 100 percent high school completion rate with 40 percent of adults earning a bachelor's or higher degree, 40 percent earning an associate degree or credential and 20 percent of adults earning a high school diploma or equivalent.
Click Portland Business Journal to read the full story.
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