The recent closure of a Banks sawmill leaves questions for city funding — and larger concerns for Oregon’s timber industry. …Banks Mayor Stephanie Jones said … the closure brings other challenges. As one of the top commercial users of water in the area, Banks relied on purchases from the mill to help fund the city’s budget. The closure could also threaten franchise fees the city receives from Portland General Electric under a privilege tax — which is based on revenue generated from customers, like Hampton Lumber, within the city. … Hampton … cited limitations in log supply as a major factor [of the closure]. …Under the Oregon Department of Forestry’s proposed Habitat Conservation Plan, annual harvest volumes would be reduced from 249 to 165 million board feet. …Jones expressed how she sees intentions to increase conservation efforts, but Banks’ mayor said the scope of the plan poses detrimental impacts to the region.