Economists report uptick in Oregon revenue projections

PORTLAND, Ore. (AP) – Oregon economists report an uptick in state revenue projections.

Their quarterly revenue forecast was delivered to state lawmakers on Wednesday. It projects that the state will collect $47 million more than was expected three months ago.

Economists also forecast that the state will collect nearly $160 million more than previously expected for the two-year budget cycle beginning in mid-2019.

Strong revenue forecasts have been the norm this year. Officials announced in August that Oregon will send more than $460 million back to taxpayers next year, the so-called “kicker” tax credit, after the surging economy led to unexpectedly strong tax collections.