Economists report uptick in Oregon revenue projections
PORTLAND, Ore. (AP) — Oregon economists report an uptick in state revenue projections.
Their quarterly revenue forecast was delivered to state lawmakers on Wednesday. It projects that the state will collect $47 million more than was expected three months ago.
Economists also forecast that the state will collect nearly $160 million more than previously expected for the two-year budget cycle beginning in mid-2019.
Strong revenue forecasts have been the norm this year. Officials announced in August that Oregon will send more than $460 million back to taxpayers next year, after the surging economy led to unexpectedly strong tax collections.