A new report released shows that if the Oregon State Land Board sold or leased the 93,000-acre Elliott State Forest, public school funding would increase by at least $40 million annually.
Roughly 85,000 acres of the Elliott State Forest are managed for the primary purpose of raising funds for public schools. These lands are known as “Common School Trust Lands,” and the Oregon State Land Board is required by law to manage them for the trust beneficiaries: public school students. Net receipts from timber harvest activities on the Elliott are transferred to the Common School Fund (CSF), where assets are invested by the Oregon Investment Council in various financial instruments. Twice each year, public school districts receive cash payments based on the investment returns of CSF assets.Read the full article and discuss it »