Oregon GOP legislative leaders on Feb revenue forecast

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Oregon Senate Republicans
Oregon House Republicans

Senate GOP Leader Ted Ferrioli on Oregon Feb Revenue Forecast

Salem, Ore. – Following the release of the latest revenue forecast, Senate Republican Leader Ted Ferrioli (R-John Day) called attention to signs of a looming fiscal cliff caused by budget shortfalls and a lack of government accountability within state agencies, such as the Department of Human Services, Oregon Department of Energy and the Oregon Health Authority.

“Our economy is flat, and the alleged economic recovery that bypassed middle-class Oregon families is sputtering. Years of one-party rule plagued by overspending and government waste and an assault on small businesses has left us with a bleak economic outlook that needs to be addressed now,” said Senate Republican Leader Ted Ferrioli (R-John Day).

According to Oregon’s state economist, the state will have nearly $166 million less to spend in the 2017-2019 biennium that previously projected and will fall another $150 million short in 2019-2021.

This is in addition to the multi-billion dollar PERS liability that will hit state and local governments in coming years.

Oregon’s low workforce participation rate and shrinking exports, especially in the agricultural and food processing industries, continue to be a problem.

House GOP Leader Mike McLane on Oregon Feb Revenue Forecast

Salem, OR – House Republican Leader Mike McLane (R-Powell Butte) issued the following statement yesterday regarding Oregon’s latest revenue forecast:

“Today’s forecast shows that while our state’s economy continues to perform at a healthy rate, there are potential storm clouds on the horizon. Warning signs are beginning to appear in our manufacturing industry, downturns in the stock market have the potential to hurt our economy, and the volatility of international trade continues to threaten Oregon’s export-dependent producers.

“For the moment, the sun is still shining in Oregon. Now it’s up to the Democrats in the Legislature to decide if they are going to put our long-term economic health at risk through the reckless pursuit of a partisan agenda and fundamentally flawed policies.”

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Posted by at 05:00 | Posted in OR 78th Legislative Session, Oregon House, Oregon Senate, State Budget | 6 Comments |Email This Post Email This Post |Print This Post Print This Post

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