Home Must Reads Oregon revenue forecast includes net gain of $87M

Oregon revenue forecast includes net gain of $87M

| Print |  Email
Must Reads
Friday, February 15, 2013

Economists told Oregon lawmakers that state revenues are expected to come in $162 million higher in the current biennium, in part because tax hikes on the wealthy spurred a last minute sell-off of assets.

That sell-off will lead to a slight decrease in the revenue forecast for the coming two years. Economists expect revenue to be $74 million lower than the December economic forecast expected.

The two numbers together mean lawmakers will have about $87 million more to work with as they develop a budget for the next two years. Though the results are surprising, actual returns weren't far off enough from projections to trigger refund checks because of Oregon's kicker law. But going forward, it's possible that further growth could trigger a kicker.

Read more at OregonLive.com.

{biztweet}oregon revenue{/biztweet}

 

More Articles

Q & A with Chuck Eggert

News
Thursday, March 06, 2014
03.06.14 thumb pacfoodsBY HANNAH WALLACE | OB BLOGGER

The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.


Read more...

Spreading the wealth

March 2014
Tuesday, February 25, 2014
HiResBY PAIGE PARKER

A money management firm broadens its reach. 


Read more...

Small business sales go big

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.

BTNMarch14 tableBTNMarch14 line


BTNMarch14 piePDXBTNMarch14 pieUSA


Read more...

Branching out

March 2014
Tuesday, February 25, 2014
DSC04185BY LINDA BAKER

A blueberry bush is a blueberry bush — except when it’s a blueberry tree.


Read more...

Workplace benefits

March 2014
Tuesday, February 25, 2014

Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

Making faces

News
Thursday, February 20, 2014
02.20.14 Thumbnail ModelsBY VIVIAN MCINERNY | OB BLOGGER

As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.


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