Economists Boost Projected Oregon Revenue Forecast

By Jim McCoy Thu 16th May NewsbudgeteconomyOregon revenue forecasttaxes
State economists say a slow, steady economic recovery means the state treasury will take in more money than previously expected. The quarterly forecast released Thursday said revenue from tax collections will be up by more than $270 million since the last projections. State economists said the forecast shows there's a good chance the increased revenue will trigger corporate kicker rebates. There is a much slimmer chance of personal kicker rebates. The projections come amid an impasse among Republican and Democratic lawmakers over the state budget. On Wednesday, Gov. John Kitzhaber unveiled a budget proposal aimed at breaking the deadlock. He gave lawmakers until Thursday to get on board.

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