State officials said the Elliott will continue to contribute to conservation, recreation, education, local economies and more as a publicly owned, working research forest.“The Elliott will provide a better approach for working forest management, improve conservation protections and, significantly, keep the forest in public hands,” Treasurer Tobias Read said in a statement.“We can be proud that current and future generations of Oregonians will benefit from this valuable natural resource.”Read was joined by Gov.While state income tax and local property tax now serve as major funding sources for education, the requirement to make up for the loss in revenue from timber harvest on the Elliott is significant.Research in the forest will likely focus on ecologically responsible forestry, managing forests for climate change and improving forest management for threatened and endangered species."