The chief economist for Oregon reported that despite turbulent federal announcements surrounding taxes, tariffs, and potential spending cuts, the state's economic outlook remains strong. Oregon's economic projection indicates that lawmakers will have approximately $38.2 billion available for the upcoming two-year budget cycle, marking an increase of $350 million from the last forecast issued in November. This suggests resilience in the state's economy, allowing lawmakers to plan with a more robust budget.
Despite chaotic federal announcements regarding taxes, tariffs, and spending cuts, Oregon's economic forecast remains unscathed, with an updated two-year budget projected at $38.2 billion.
Chief economists expect Oregon lawmakers to have $350 million more than previously anticipated, reflecting a steady economic outlook amidst uncertainty at the federal level.
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