After seeing record low unemployment rates in 2022 and 2023, the U.S. job market has started to decline, according to unemployment data compiled by WalletHub.
Oregon Treasurer Tobias Read called off a lottery bond sale planned in 2020 after lottery revenues cratered because of pandemic-related business closures.
John Rosman
Originally published on May 19, 2021 5:06 pm
Oregon economists delivered some major, if familiar, news to lawmakers on Wednesday regarding the state’s financial health. For the third forecast in a row, Oregon’s tax revenues are set to outpace what economists expected mere months ago.
This time, though, the expectations are truly eye-popping.
State economist Mark McMullen told members of the House and Senate revenue committees that the state will see an extra $1.18 billion land in its coffers for the current two-year budget cycle ending June 30 than expected in February, a shift driven largely by surging income tax collections. Economists also expect an additional $1.25 billion for the 2021-23 biennium, and $1.64 billion more from 2023-25.
Oregon's Latest "Stunning" Forecast Shows Tax Revenues Continue Surging ijpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ijpr.org Daily Mail and Mail on Sunday newspapers.