Thursday, November 17, 2011

Oregon's Revenue Forecast Drops...Again

REP. DENNIS RICHARDSON/NEWSLETTER, 11/17/2011 - Oregon’s latest revenue forecast was just released and the news is not good. ✧ The anticipated state revenue from the General and Lottery Funds has been readjusted downward by another $107 million. This $107 million reduction, follows the $198 million revenue decrease discussed in the August Forecast newsletter. ✧ In short, $305 million of expected revenue for the 2011-13 State Budget has evaporated since the 2011 legislative session adjourned on June 30th, and no meaningful economic recovery is in sight. Read more at Newsletters from Representative Dennis Richardson...

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