Economists predict slight uptick in Oregon revenue
SALEM, Ore. (AP) -- Oregon economists say improving employment will lead to a slight uptick in their state revenue projections.
The quarterly revenue forecast was delivered to state lawmakers on Wednesday. It projects that the state will collect $55 million more than was expected three months ago.
Economists say the increase is driven primarily by strong job growth, especially in the housing industry.
State economist Mark McMullen says the higher-than-expected revenue from the personal income tax is inching close to the threshold that would trigger "kicker" tax rebates for individuals.
The rebates totaling at least $290 million would kick in if revenue exceeds expectations by at least 2 percent.