Portland-area incomes fell faster and farther during the recession than national per capita income. Incomes here continue to lag the national average as well as similar cities.
Portland-area incomes fell faster and farther during the recession than national per capita income. And as Oregon takes longer to recover, incomes here continue to lag the national average as well as similar cities such as Seattle, Denver and Minneapolis.
The shortfall hurts not just pocketbooks, but schools and public services that depend on state tax revenues generated by personal incomes, says a report released Wednesday by a group of local business organizations.
A telling graph in the report, “A Checkup on the Portland Region’s Economic Health,” shows that as personal incomes wobble, tax revenues bounce wildly wreaking havoc in budgets for state services.
