Oregon News

State Economists Nudge Oregon’s Economic Forecast Down

Although it will take in record revenue, Oregon will have about $500 million less to spend in the 2025–2027 budget cycle than previously forecast.
State Economists Nudge Oregon’s Economic Forecast Down
The Oregon State Capitol building in Salem, circa 1960. Harvey Meston/Archive Photos/Getty Images
Scottie Barnes
Scottie Barnes
Freelance reporter
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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 on May 14.

Although the state will take in record revenue in the 2025–2027 biennium—up 12 percent from the 2023–2025 biennium—it will be significantly less than had been predicted just three months ago.

Scottie Barnes
Scottie Barnes
Freelance reporter
Scottie Barnes writes breaking news and investigative pieces for The Epoch Times from the Pacific Northwest. She has a background in researching the implications of public policy and emerging technologies on areas ranging from homeland security and national defense to forestry and urban planning.