State lawmakers heard a new economic and revenue forecast Tuesday, which projects the next two-year budget cycle will start with $100 million less than the previous budget.
State lawmakers heard a new economic and revenue forecast Tuesday, which projects the next two-year budget cycle will start with $100 million less than the previous budget.
State Economist Tom Potiowsky said Oregon’s economy is continuing to emerge from a deep downturn, bringing tax collections along with it.
“We know it’s coming back,” he said at a joint meeting of the House and Senate revenue committees. “But it’s going to come back slowly.”
Potiowsky said housing, which has led the way out of previous Oregon recessions, is unlikely to do so this time. He said the more likely sectors for job growth are professional and business services, health care, computers and electronic products, and retail sales.
Read more at the Statesman Journal.
{biztweet}oregon economy{/biztweet}
