Rapid growth of Oregon budget continues

Dan Lucas_July 2012_BW

by Dan Lucas

Last week the 2015-17 Budget Highlights Update (which includes 2016 “short session” actions) came out from the State of Oregon’s Legislative Fiscal Office.

Oregon General & Lottery Funds Budget

It’s an update to the current 2-year Oregon state budget – the 2015-17 Oregon budget passed in the 2015 Regular Session. As I noted last July, this General & Lottery Funds budget “reflects a staggering increase of $2.1 billion from the previous $16.8 billion budget.” That was on top of another staggering increase of around $2 billion from the previous budget cycle.

The General & Lottery Funds budget is the portion of the state budget that the Legislature has the most direct control over, and is what is generally discussed in the news when referring to the “Oregon state budget.”

Last week’s update contains charts that show the continual rapid growth of the Oregon budget. The charts show the General & Lottery Funds budget grew over $6.5 billion in just the past 10 years – from around $12.5 billion in 2005-07 to $19 billion now!

2015-17 LAB General and Lottery Funds History_March 2016

(click to enlarge)

In last week’s update, the current General & Lottery Funds budget is now $19.033 billion. That’s an increase of $134 million from when the current budget was first passed – $18.899 billion back last July.

2015-17 LAB General and Lottery Funds chart_March 2016

(click to enlarge)

Oregon All Funds Budget

Charts in last week’s update also show continual staggering growth in Oregon’s All Funds budget. The All Funds budget has grown $30 billion in just the past 10 years – it is now $71 billion!

2015-17 LAB All Funds History_March 2016

(click to enlarge)

2015-17 LAB All Funds chart_March 2016

(click to enlarge)

To read more from Dan, visit www.dan-lucas.com

Post to Twitter Post to Facebook Post to LinkedIn Post to Reddit

Posted by at 06:30 | Posted in OR 78th Legislative Session, State Budget | 18 Comments |Email This Post Email This Post |Print This Post Print This Post

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Catalyst through daily email updates:

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

Twitter Facebook

No Thanks (close this box)