Ore. economists to release revenue forecast
Wednesday, November 16, 2011
SALEM, Ore. (AP) -- Oregon economists release their latest projections for state revenue on Thursday.
Five months into the two-year budget, lawmakers expect the quarterly forecast to show another hit to state revenue. The last forecast, released in August, projected a $200 million blow. A modest reduction in anticipated revenue would not require immediate cuts to schools, health care or other state services. But it could prevent increases in those budgets.
Unemployment numbers released Wednesday continued to reflect a sluggish economy. The 9.5 percent rate has been relatively unchanged since May.