Oregon's state economists announced the state is poised to allocate ample resources to public services due to the growing corporate tax collections in the strong post-pandemic economy.
Oregon will have plenty to spend on public services as corporate tax collections are increasing in aTotal General Fund resources in 2023-25 increased by $437 million, state economists said. Democratic Gov. Tina Kotek welcomed the news contained in the quarterly revenue forecast presented Wednesday by the Office of Economic Analysis.
"We must leverage the opportunity presented by another positive forecast to invest in housing production and other urgent needs to support Oregon families and theRep. Vikki Breese-Iverson, leader of the minority Republicans in the Oregon House of Representatives, urged that funds be dedicated to combatting crime and the flood of fentanyl into the state.
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