Oregon Political Parties Weigh in on December Economic and Revenue Forecast

Nothing new on the opposing sides: Democrats insist economy is continuing its slow recovery. Republicans insist the economy remains stagnant and there’s just not enough good news.

House Democratic Leader Val Hoyle (D-Eugene) says: “This forecast reaffirms what we’ve known: we’re creating jobs and our economy is continuing its slow recovery. The upcoming session will require a lot of difficult choices, and careful prioritization of the things that matter most. Job creation will continue to be our priority.”

House Republican Leader Mike McLane (R-Powell Butte) remarked: “Today’s forecast suggests that Oregon’s economy remains stagnant.  Tax revenues have stabilized in the short-term, but there’s not enough good news in this forecast for the 160,000 Oregonians who can’t find work.

“Without stronger private-sector job growth, the next legislature will have difficulty funding education and other services at the level that Democrats promised to voters in the recent election.  The suggested decline in long-term revenues indicates these problems won’t go away unless tough decisions are made now.

“House Republicans are ready to tackle issues that are affecting our economy and our state finances.  Republicans will insist on major PERS reforms to direct more money to Oregon classrooms while decreasing the strain on state and local governments.  We’ll work to continue the practice established under co-governance of setting aside reserves to protect Oregon against potential revenue declines in the future.  We’ll also focus on making Oregon more economically competitive, from promoting pro-growth tax reforms to leveraging our abundant natural resources.”