Home Must Reads Oregon economy on the mend, but outlook is pessimistic

Oregon economy on the mend, but outlook is pessimistic

| Print |  Email
Must Reads
Wednesday, August 29, 2012

Oregon's tax revenues are $80 million ahead of projections for the current two-year budget, but economists say the outlook for the next two years is more pessimistic. 

“We’re still in pretty good shape,” [state economist Mark McMullen] said during the state’s quarterly economic and revenue forecast. “We expect a little more revenue than we did three months ago. However, over time, the slower-growth forecast does more and more damage to the state budget.”

“The good news is today’s forecast means we won’t have to make cuts in this current biennium’s budget,” Senate President Peter Courtney, D-Salem, said in a statement. “As school kids prepare to return to classes next month, it’s good to know that the doors of our schools can stay open and that we won’t be forced to close prisons or cut services for seniors.

“Looking ahead to next session, today’s forecast makes it clear the coming biennium will present a whole new set of challenges. Our economy and revenue are growing, but not strong enough to keep up with our commitments. In 2013, it will be critical that we prioritize the things that are most important to Oregonians – educating our children and providing healthy and safe communities.”

Read more at The Statesman Journal.

{biztweet}oregon economy{/biztweet}

 

More Articles

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS