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More Money is Needed

Revenue Forecast Shows that Focus on Spending Limits and Tax Reform for Stability are Misplaced

Analysis of data in the June Economic and Revenue Forecast shows that Oregon has a revenue problem, not a spending problem, contrary to the claims of the proponents of a new spending limit. The June forecast should prompt Oregonians considering tax reform to focus on generating more revenue, rather than stabilizing the state’s insufficient revenue stream.

OCPP’s analysis of the State’s economists’ revenue projections shows that inflation-adjusted per-capita General Fund revenues will not return to the pre-recession 1999-01 levels until the 2009-11 budget period. Read more (PDF).