Oregon’s economy could be characterized by sluggish growth and higher unemployment for the coming years, according to the state’s economic and revenue forecast released May 14.
Although the state will take in record revenue in the 2025-2027 biennium—up 12 percent from the 2023-25 biennium—it will be significantly less than had been predicted just three months ago.
The state is still expected to have billions more to spend in the next two-year budget than it did for the current one.
The ending balance for the current biennium has been revised downward by $162.3 million, and projected General Fund revenue for the 2025-27 biennium has decreased by $337 million, according to the Office of Economic Analysis….