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Latest Oregon Economic Forecast Includes Shrinking Deficit, Improved Growth
Oregon's budget shortfall shrank from $373 million to $63 million due to a temporary surge in corporate tax receipts, but economists warn this does not indicate economic strength.
- On Nov. 19, the Oregon Office of Economic Analysis presented a revised forecast showing the General Fund deficit narrowed from $372.7 million to $63.1 million.
- Because Corporate Income Tax is volatile, Oregon state economists said revenue gains largely reflect timing and prior-year payments, with Michael Kennedy cautioning, `You can't assume more of it's going to come`.
- The 2025-27 revenue forecast jumped by $309.5 million, following earlier swings from a $473 million previous ending fund to a $372.7 million prior deficit.
- Lawmakers gained short-term breathing room as the revised forecast eases pressure before the 35-day legislative session weighing agency budget cuts, reserve use, or federal tax disconnection.
- State economists placed Oregon's recession risk at about 25% and warned a pending U.S. Supreme Court ruling on tariffs and the federal government shutdown could change forecasts.
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15 Articles
15 Articles
Oregon economic forecast shows 'hints of pickup' as deficit drops to $63M
The Oregon Office of Economic Analysis released the state's economic and revenue forecast for December 2025 on Wednesday -- showing mixed reviews for the state amid an infusion of corporate tax dollars but uncertainty at the federal level.
·Portland, United States
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Projected state budget deficit shrinks dramatically, but governor and lawmakers say Oregonians are still struggling
SALEM, Ore. (KTVZ) -- The state of Oregon's projected budget deficit has shrunk dramatically due to "economic resilience" that brought higher corporate tax receipts, state economists said Wednesday, pointing to a reduced risk of recession. Gov. Kotek and legislative leaders offered their reactions on how to proceed as a result, with all pointing to the
·Bend, United States
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Coverage Details
Total News Sources15
Leaning Left2Leaning Right0Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
Factuality
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