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.