Government, Politics, Salem

Oregon economic forecast: More money for lawmakers to spend, tax credits likely in two years

The Oregon Capitol building in Salem. Photo: Chas Hundley

Higher wages for workers and more income for businesses is driving up state tax collections, creating the prospect for even more state government spending and then credits in two years for those paying income taxes, state economists announced Wednesday.

The economists described a robust Oregon economy that they now project will put $1.5 billion more into the state treasury in the current two-year budget cycle than the $23 billion that had been budgeted.

Most of the extra money comes from . . .

You have reached content available exclusively to Gales Creek Journal digital subscribers.

We rely on subscribers to keep the lights on in our independent newsroom. Join us with a digital subscription today.

Click here to subscribe.

Receive a 3-day free trial of unlimited digital access.

Already a subscriber? Login here.

Newsletter

We rely on subscribers to keep the lights on in our independent newsroom. Join us with a digital subscription today.

Click here to subscribe.