Regional News

State Of Oregon Revenue Increases

(Salem, OR) -- The Oregon Legislature has more money to work with. The latest revenue forecast shows an additional 76-million-dollars for a total of nearly 560-million-dollars that lawmakers can spend. There are dark clouds on the horizon. New population trends show the number of people moving to Oregon is slowing, and combined with a decline in the birth rate, the state will reach zero population growth. That would hurt revenue resulting in an estimated 440-million-dollar loss in the 2029 biennium. Republicans say business costs need to be reduced. Governor Tina Kotek says there needs to be more affordable housing.

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