03/04/2014

State of Oregon Economic Update Brings Mixed Messages

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In the recent economic forecast released by the state of Oregon, the revenue outlook was largely unchanged, but the update included some mixed economic data.  Fee collections and lottery proceeds are down, along with estate and corporate income taxes. However, the labor market continues to grow and the forecast projects an increase in public sector employment. In addition, the report estimates the state is approximately $100 million in unanticipated revenue away from triggering the kicker law, which mandates that a tax rebate be issued to Oregon tax payers when a revenue surplus exists.

For more detailed information, see the executive summary or the full economic and revenue forecast released by Oregon’s Department of Administrative Services.