SALEM, Ore. (AP) — State economists say the revenue forecast for Oregon is finally showing a modest gain after nearly two years of declines.
The quarterly forecast for state revenue now projects the two-year budget cycle will end with $62 million left over.
But the extra money reflects $1 billion in cuts enacted earlier this year.
State economist Tom Potiowsky (puh-TOW-skee) told state lawmakers Friday that a planned multibillion-dollar investment by Intel and strong job growth numbers last month are encouraging signs.
But he warns there’s still a 25 percent chance of falling back into a recession.
