Oregon lawmakers may have $35 million less than they expected to spend in the current budget, according to the latest state economic forecast.
Oregon lawmakers may have $35 million less than they expected to spend in the current budget, according to the latest state economic forecast.
That means the total drop in expected revenues has been about $340 million since the budget was written last summer.
State economist Mark McMullen says: “We’ve seen broad-based improvement across a wide range of industries and occupations.”
McMullen is part of a panel economists that presented a new economic forecast to the House and Senate Revenue committees.
While economists told the House and Senate Revenue committees “all indicators point to growth,” they caution that it will likely be slow growth.
Read more at OregonLive.com.
{biztweet}oregon economic forecast{/biztweet}
