Economists say Oregon tax revenue forecast up

Economists say Oregon tax revenue forecast up

Credit: Oregon Legislature

Economists say Oregon tax revenue forecast up

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by Associated Press

kgw.com

Posted on May 17, 2013 at 10:00 AM

SALEM -- State economists say a slow, steady economic recovery means the state treasury will take in more money than previously expected.

The quarterly forecast released Thursday said revenue from tax collections will be up by more than $270 million since the last projections.

State economists said the forecast shows there's a good chance the increased revenue will trigger corporate kicker rebates. There is a much slimmer chance of personal kicker rebates.

The projections come amid an impasse among Republican and Democratic lawmakers over the state budget.

On Wednesday, Gov. John Kitzhaber unveiled a budget proposal aimed at breaking the deadlock. He gave lawmakers until Thursday to get on board.

With no apparent progress, the governor issued a statement late Thursday urging lawmakers to move forward with a budget without pension cuts or tax increases.

Related: Kitzhaber presses for more PERS reforms

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