Oregon economic forecast improves slightly

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Tuesday, May 22, 2012

Oregon's latest quarterly revenue forecast shows the state budget has about the same amount of money as was expected.

The quarterly forecast presented this morning by state economist Mark McMullen called for continued but slow economic recovery.

The forecast is up about $100 million from the last projection Feb. 8, when lawmakers were in session. That’s largely because the Legislature rebalanced the two-year budget with a mix of spending cuts and unanticipated income, such as $30 million from a national settlement with banks over foreclosures.

Read more at StatesmanJournal.com.

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