Oregon GOP legislative leaders on Feb revenue forecast


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
  • thevillageidiot

    The current regime is going to address the lack of fund by increasing taxes another billion or so. Job done. all good. and change nothing else.

  • David from Mill City

    The legislative agendas of both parties are partisan. That is one of the realities of politics. Another is that there are parts of each parties legislative agenda that the other party finds objectionable. So complaining that the other party’s legislative agenda is partisan is just a bunch of hot air, and complaining about the majority party pushing its agenda when your party would push its agenda if it was in power is hypocritical. One last thought, the reality is that both parties are pushing an agenda they think is best for Oregon, the fact they do not agree about what is best is what makes politics interesting.

  • Jonathan

    These projected shortfalls several years out are less than 1% of the general fund budget are just too tiny to be taken seriously. Anything can happen in 3 to 5 years. This is just silly.

  • Connie Kosuda

    if one wishes to talk about a ‘bleak economic outlook’ then please consider the thousands of homeless children / their working families in non-livable-wage jobs / )and you probably oppose an increase in the minimum wage, too) and some attention to the folks in the lower economic groups / rather than only noticing the decimation of the so-called ‘middle class.’ many thousands are suffering / has to do with elitism and a lack of compassion more than anything else / present in both major ‘parties.’

    • .

      Saint you a sap succor, Conme!

      • Connie Kosuda

        oh those pesky facts!

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