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No Longer Lagging, Oregon Economic Growth Catching up with Nation, State Economists Report
State economists said stronger personal income tax collections will lift Oregon’s next two-year budget by $538 million, easing pressure on lawmakers.
- On Wednesday, Oregon state economists projected tax revenue for the 2027-29 budget cycle will rise by $538 million, driven by stronger-than-expected personal income tax collections.
- Senior economist Michael Kennedy attributed the boost to robust personal income tax withholding, which buffers a projected $92 million decline in corporate income tax revenue.
- Chief economist Carl Riccadonna described Oregon's economy as "relatively steady", with the state finally closing its growth gap with the national economy.
- House majority leader Ben Bowman warned many Oregonians are "barely hanging on" amid rising prices and threatened federal cuts to health care and food assistance.
- With recession risks holding at about 18%, lawmakers will receive two additional revenue forecasts before the legislative session begins in January to finalize spending priorities.
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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