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Oregon's Economic Expansion 'Getting Stronger'

Matt Howry
/
Flickr

Oregon's revenue outlook is basically flat, but that doesn't mean the economy is stagnant.

State economist Mark McMullen updated lawmakers with the latest revenue projections at the capitol Thursday morning. McMullen said Oregon's economy is on the rise and that financial prognosticators like him saw it coming.

"While the economic expansion is getting stronger, we've been banking on this for some time," says McMullen. "And so there really isn't a significant increase in the revenue forecast. The revenue forecast is roughly unchanged."

Oregon's revenue projections did move up a little. That's because lawmakers approved some targeted tax hikes during a special session in October.

McMullen says if those tax hikes raise more money than anticipated, it could trigger Oregon's unique kicker rebate.

Copyright 2013 Northwest News Network

Chris Lehman
Chris Lehman graduated from Temple University with a journalism degree in 1997. He landed his first job less than a month later, producing arts stories for Red River Public Radio in Shreveport, Louisiana. Three years later he headed north to DeKalb, Illinois, where he worked as a reporter and announcer for NPR–affiliate WNIJ–FM. In 2006 he headed west to become the Salem Correspondent for the Northwest News Network.