General Fund and Lottery resources up less than one percent from 2015 close-of-session estimate.

Contributed by: Gil Riddell | AOC Policy Director

As scheduled, the Oregon Office of Economic Analysis gave its September 2016 Economic and Revenue Forecast to a joint meeting of the legislative revenue committees on Wednesday, September 14th.

Some high points:

  • Oregon’s job and personal income growth are increasing faster than the U.S. average, which is slowing.
  • The probability of the U.S. entering a recession next year is low; about 20 percent.