oregon economy

Oregon lawmakers didn't get much by way of good news Wednesday with the release of the latest revenue projections. Those show a $52 million drop in anticipated revenue during the upcoming budget cycle.

That means lawmakers will have to patch up an even bigger budget shortfall, which is already expected to exceed $1.5 billion.

Steady job growth means Oregon's economy will continue to do well in the short term. But storm clouds are on the horizon. That was the prediction Wednesday from state economists.

Four county governments in Oregon are still struggling enough that the state should continue to monitor their financial condition. That's according to a state audit released Tuesday.

Oregon's economy continues to be strong. That's according to the latest revenue forecast from state economists, which was delivered Friday at the capitol in Salem.

Oregon Governor Kate Brown will deliver the 2016 State of the State address this Friday in Portland. It's her second one since taking office last year in the wake of John Kitzhaber's resignation.

So far Brown's office has released few details about what the governor will talk about.

Oregon's economy is still going "full throttle." That was the word Wednesday from state economists as they unveiled the latest forecast of state revenues.

Democratic Representative Tobias Read introduced a bill Thursday that would divert a potential kicker tax rebate.

Oregon economists told lawmakers Thursday that a robust economy means they'll have more money to spend on schools, human services and public safety.

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Oregon's unemployment rate has fallen below the national average and it's the first time that's happened in 19 years.

The last year has been good to Oregon's economy.

The unemployment rate has plummeted from more than 7 percent to 5.4 percent. That's one-tenth of a percentage point below the national average.

State economist David Cooke said the last time Oregon had a lower unemployment rate than the nation, was in 1996, the height of the dot-com boom.

Oregon taxpayers could receive an unexpected windfall next year.

Washington and Oregon's latest unemployment numbers offer a paradox.