Pew: Oregon tax revenue has leapt since recession
Call it a comeback. According to data compiled by the Pew Charitable Trusts, Oregon's tax revenues have leapt 40.2 percent since the Great Recession.
North Dakota was the only state to beat Oregon on the rebound, its oil resources driving tax revenues in the second quarter of 2019 up 71.2 percent.
But, analysts warn, the good times won't last forever.
"Looking ahead, the tax revenue boost that states enjoyed through mid-2019 is expected to slow as personal income tax collections moderate, according to preliminary figures for the third quarter collected by the Urban Institute," Pew wrote. "Looming over future collections are the declining impacts of federal tax changes, which had led to a surge of one-time money for states, and predictions of weaker U.S. economic growth. Stock market volatility, along with a global economic slowdown and the impacts of U.S. trade policies, also threaten to dampen growth."