|State revenue forecast shows very slow economic expansion|
Oregon's quarterly revenue forecast, released today, shows very slow economic growth in the next biennium, as well as the current month. "Oregon’s economic expansion persists, but remains stuck in a low gear. Growth continues to come in fits and starts – a strong quarter or two followed by a weak quarter or two – with the underlying trend remaining slow and steady," the Office of Economic Analyis reported.
For the current biennium, revenues are up by $30.5 million, compared to September projections. For 2013-15, revenues are up nearly $55 million, to a projected total of nearly $16.5 billion. For the complete report, please access the Office of Economic Analysis website.