No matter which way you look at it, the Oregon CHIPS Act is costing taxpayer millions. The Act was passed in 2023 with a $210 million price tag. House Bill 4098, specifically provided that $190 million be allocated for grants and loans to semiconductor companies, $10 million for research at universities and $10 million to help with land development costs. But before it could be spent, Governor Kotek has robbed the fund of $5 million to help fund the new Oregon CHIPS Child Care Fund. So, which fund is she robing in Senate Bill 4 (2023)?
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