If you have a news tip send us an email at: tips@oregoncapitalinsider.com


Forecast: State revenue growing more than expected - for now

In the long term, revenues are expected to slow, as the state's population ages and more people retire.

Oregon state revenues are also are expected to climb higher than previously expected beyond mid-2019, when the state's current budget biennium ends, according a revenue forecast released Wednesday. In the long term, revenues are expected to slow, as the state's population ages and more of those people exit the labor force. SALEM — State economists said Wednesday that they expect the state's general fund and lottery revenues to be about $47 million higher than forecast last quarter.

State revenues are also are expected to climb higher than previously expected beyond mid-2019, when the state's current budget biennium ends.

In the long term, revenues are expected to slow, as the state's population ages and more of those people exit the labor force. Oregon collects most of its revenue from the personal income tax.

However, if plans in Congress to reform federal taxes succeed, that could boost the state's income tax collections significantly, said state economist Mark McMullen.

As written, the GOP tax plan would do away with several deductions; and Oregonians can deduct their federal taxes from their state taxes. So reduced federal taxes could increase the amount that Oregonians pay to the state, although the tax plan could affect different income earners differently.

Meanwhile, the overall economic outlook is fairly stable, McMullen said.

While the rate of Oregon's job growth has slowed, the state is still outperforming the overall U.S.

The state is also seeing broader gains in the economy. McMullen said, including among low-income people and beyond the state's major population centers.

"A lot of our smaller and more distressed rural areas are starting to pick up," McMullen said.

Mid-year population estimates show that every Oregon county has added population in 2017, which makes Oregon's rural areas stand out from rural areas elsewhere in the country.

While at some point the economic expansion is going to end, the risk of entering a recession is currently low.

State economist Josh Lehner said there were few indicators of an impending recession. The state's budgetary reserves are also growing, which could pad, but not fully offset, the effects of a recession.

The economic forecast was released on the heels of new population growth estimates from Portland State University's Population Research Center, finding that the state's population had increased between 64,750 between 2016 and 2017. Much of that — about 88 percent — was due to migration into the state.

While deaths are expected to outnumber births in Oregon in 2029, which could change the long-term outlook for revenue and economic growth, but Lehner also noted that the outlook for in-migration continues to be positive.

Access your account

Subscriber Login

cialiscialis couponcialis genericcialis dosagegeneric cialiscialis costcialis vs viagracialis pricescialis side effectscialis couponscialis 30 day sampleviagra vs cialiscialis onlinecialis pillscialis samplesbuy cialiscialis 20 mgcialis patent expirationcialis coupons printablecialis for daily usecialis samples overnightcheap cialiscost of cialis200 cialis couponcialis dailycialis 20mggeneric cialis at walmartcealiscialis canadacialis trialhow does cialis workwhen will cialis go genericcialis on lineside effects of cialiscialis 30 day trial couponcialis 5mgcialis for mencialasbuy cialis onlinecialis for salecialis patent expiration date extendedhow to take cialiscialis pricecialis from canadahow much does cialis costfree cialisviagra vs cialis vs levitracialis reviewscialis coupons from manufacturerwhat is cialiscialis pills for salecialis patent expiration 2017canadian cialiscialis tadalafilcialis or viagrageneric for cialiscialis professionalcialis free trialcialis medicationciliascialis for bphcialis coupons 2017cyaliscialis dosage strengthscialis discountgeneric cialis tadalafildiscount cialiscialis dosage recommendationscialis 5 mgonline cialiscialis canadian pharmacycialis copay cardlowest cialis pricescialis for womencialis generic availabilitycialis vouchercialis savings cardcialis 10 mgcialis websitecialis generic tadalafilliquid cialisdaily cialisviagra cialiscialis otcerectile dysfunction cialiscialis 5mg dailycanada cialiscialis coupon 20 mgcialis pricingcialis coupon printviamedic cialiscialis cheapcialis pharmacy pricescialis 20mg directionsprice cialiscialis samplewholesale cialiscialis alternativecialis effectscialis testimonialslevitralevitra couponlevitra 20 mglevitra 20mgbuy levitralevitra priceslevitra genericlevitra onlinelevitra vs viagrageneric levitralevitra couponslevitra rezeptfrei deutschlandlevitra 10 mg prezzocheap levitra9 levitra at walmartlevitra erfahrungenlevitra dosageviagra vs cialis vs levitrageneric levitra vardenafil 20mgwhat works better than viagrabuy levitra onlinelevitra without a doctor prescriptionbuy generic levitralevitra 20mg cost per pillvardenafil 20mglevitra prezzo in farmacialevitra 20 mg precio farmaciavardenafil vs viagralevitra 20 mg cost walmartlevitra vs viagra for hardnesslevitra bayer 20mg meilleur prixlevitra 20 mg von bayerviagrageneric viagraviagra genericviagra couponsviagra without a doctor prescriptionviagra onlineequipe argentine viagraviagra pricesbuy viagracialis vs viagracheap viagraviagra pillsviagra samplesviagra side effectswhat is viagraviagra couponviagra naturalviagra dosageviagra for sale uknatural viagrabuy viagra onlinegeneric viagra 100mgfemale viagrahow does viagra workhow to use viagraviagra activateherbal viagraviagra tabletssophia viagraviagra sans ordonnanceviagra kaufenviagra tabletviagra vs cialisonline viagracanadian viagraviagra for womenviagra ohne rezept aus deutschlandpfizer viagraviagra 100mgviagra costfree viagraviagra alternativesviagra canadaviagra on lineviagra single packsviagra for menviagra pillviagra 100mg tablets retail priceorder viagraviagra tescoside effects of viagraviagra pillen kruidvatviagra for salediscount viagrawhat does viagra doviagra costsviagra uklevitra vs viagrawhere to buy viagraviagra substitutehow long does viagra lastviagra alternativeviagra receptfrittviagra priceviagra 100viagra en ligne livraison 24hviagra on line no precviagra 100 mgutilisation viagrabest price viagracost of viagraviagra sexviagra wikipediasex viagra for womenviagra nebenwirkungenrevatio vs viagraviagra without a doctor prescription usaviagra genericoviagra 50mgviagra from canadaover the counter viagraviagra effectsviagra medicinepfizer viagra coupons from pfizerbuy generic viagraviagra wikiviagra bestellenviagra ohne rezept auf rechnungcanada viagrawomen viagrabuying viagraviagra soft