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Oregon Business & Industry Responds to May 2021 Economic Forecast

The May revenue forecast, released today, shows that Oregon’s state tax collections are at a record high, and that is expected to continue for the next several years. With billions in federal aid on the way and these astonishingly strong tax collections flowing to state coffers, Oregon lawmakers have more than enough money to balance the existing budget and create a reasonable spending plan for the next fiscal biennium.