Economists say Oregon revenue up slightly

Economists say Oregon revenue up slightly

Credit: Modern Relics

Economists say Oregon revenue up slightly

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by Associated Press

kgw.com

Posted on February 15, 2013 at 10:31 AM

SALEM, Ore. (AP) -- State economists say Oregon will have an additional $87 million to spend in the two-year budget period that begins in July.

Experts say wealthy taxpayers are pulling investment income into 2012 to avoid potential increases in federal taxes. Corporate income taxes are also coming in slightly higher than the last projection three months ago.

That will give the state an influx of cash this year that can be used in the next budget, but it will also reduce collections in future years.

State Economist Mark McMullen says economic growth is improving a bit but is still slower than typical economic recoveries.

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