The Oregon Office of Economic Analysis forecasts the state The economy and General Fund and Lottery Fund revenues. This slide presentation is part of the June 2020 forecast, released May 20th.
The Oregon Office of Economic Analysis forecasts the state The economy and General Fund and Lottery Fund revenues. This slide presentation is part of the September 2020 forecast, released September 23rd.
Summarizing the channels of impact from COVID-19 on Oregon's economy and revenues. This includes 3 timely measures of economic activity our office is tracking. A full update to the economic and revenue forecast will be released May 20th. This will allow time to analyze new data and gather input from our advisory groups in the weeks ahead.
Mid-year housing forecast presented to the Home Builders Association of Metropolitan Portland that includes recent industry trends, the impact of COVID-19, and both structural and cyclical forces impacting the industry.
Consumer spending is strong, COVID is keeping some workers home sick, and factories and warehouses are operating at or near capacity. These factors result in struggling supply chains, bare shelves and rising prices. Firms are indicating that these issues are likely to persist well into next year. From an economic growth perspective what matters isn't just when things normalize, but when do things stop getting worse. It is possible that we are currently at or near peak supply chain problems, but still quarters away from any return to normal.
The Oregon Office of Economic Analysis released their latest forecast on February 9th, 2022. This includes outlooks for employment, income, and state tax revenues.
The Oregon Office of Economic Analysis forecasts the state's economy, General Fund, and Lottery Fund revenues. This slide presentation is part of the September 2021 forecast, released August 25th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is part of the March 2020 forecast, released February 12th.
The Oregon Office of Economic Analysis forecasts the state The economy and General Fund and Lottery Fund revenues. This slide presentation is part of the September 2020 forecast, released September 23rd.
Summarizing the channels of impact from COVID-19 on Oregon's economy and revenues. This includes 3 timely measures of economic activity our office is tracking. A full update to the economic and revenue forecast will be released May 20th. This will allow time to analyze new data and gather input from our advisory groups in the weeks ahead.
Mid-year housing forecast presented to the Home Builders Association of Metropolitan Portland that includes recent industry trends, the impact of COVID-19, and both structural and cyclical forces impacting the industry.
Consumer spending is strong, COVID is keeping some workers home sick, and factories and warehouses are operating at or near capacity. These factors result in struggling supply chains, bare shelves and rising prices. Firms are indicating that these issues are likely to persist well into next year. From an economic growth perspective what matters isn't just when things normalize, but when do things stop getting worse. It is possible that we are currently at or near peak supply chain problems, but still quarters away from any return to normal.
The Oregon Office of Economic Analysis released their latest forecast on February 9th, 2022. This includes outlooks for employment, income, and state tax revenues.
The Oregon Office of Economic Analysis forecasts the state's economy, General Fund, and Lottery Fund revenues. This slide presentation is part of the September 2021 forecast, released August 25th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is part of the March 2020 forecast, released February 12th.
The Oregon Office of Economic Analysis forecasts the state's economy, General Fund, and Lottery Fund revenues. This slide presentation is part of the May 2021 forecast, released May 19th.
The Oregon Office of Economic Analysis forecasts the state's economy, General Fund, and Lottery Fund revenues. This slide presentation is part of the March 2021 forecast, released February 24th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is part of the December 2019 forecast, released November 20th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the June 2018 forecast (released May 23rd).
The Oregon Office of Economic Analysis forecasts the state The economy and General Fund and Lottery Fund revenues. This slide presentation is part of the December 2020 forecast, released November 18th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the September 2019 forecast (released August 28th).
Presentation to the Oregon Legislature on the latest economic and revenue outlook for the State of Oregon. Overview of the U.S. and Oregon economic landscape. Tax revenue tracking and outlook for personal income taxes, corporate income taxes, Lottery sales and recreational marijuana sales.
Presentation to the Oregon Legislature on the latest economic and revenue outlook for the State of Oregon. Overview of the U.S. and Oregon economic landscape. Tax revenue tracking and outlook for personal income taxes, corporate income taxes, Lottery sales and recreational marijuana sales.
A brief overview of the public sector in rural Oregon. Presentation given to the Oregon House Committee on Economic Development and Trade on May 31st, 2017.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the May 2019 forecast (released May 15th).
Covid-compressed incomes? The past, present and future of crisis-hit living s...ResolutionFoundation
The coronavirus public health crisis has prompted the biggest economic downturn in a century, the sharpest rise in benefit claims since records began, and a £190 billion policy response. These are big numbers and stark records, but what do they all amount to for the economic measure that matters the most – households’ disposable incomes?
Who has borne the brunt of the crisis so far, and who has the Government helped the most? How much difference has policy made? And what comes next for household living standards, particularly for families on low-to-middle incomes?
The Resolution Foundation is hosting an interactive webinar to debate and answer these questions. It will begin by presenting the highlights from its annual Living Standards Audit that examines the impact of the crisis on household incomes, before hearing from leading experts – including Shadow Chancellor Anneliese Dodds – on what should be done to both safeguard and lift living standards in the next phase of the crisis. Viewers will be able to submit questions to the panel before and during the event.
From its controversial introduction 20 years ago, the National Minimum Wage has gone from strength to strength, including with the more ambitious National Living Wage introduced in 2016. Next year the UK will have one of the highest wage floors in the world, but the future path of the minimum wage in the 2020s remains undecided.
With widespread support for further minimum wage rises the Chancellor has announced that he wants to end low pay altogether, and has appointed world-leading minimum wage expert Professor Arin Dube to review the evidence of minimum wage impacts around the world. So, as the UK heads towards the top of the international minimum wage league table, where should the UK’s wage floor go from here?
Can the minimum wage be increased further? What is the right pace of increases to balance the benefits of higher wages with risks to jobs? What would further rises mean for the growing share of the workforce on the legal minimum? Which sectors and parts of the country would be most affected?
At the event to mark the launch of Professor Arin Dube’s review we heard from him and a Senior Cabinet Minister. The Resolution Foundation also presented new research on the future of the minimum wage from its Low Pay Britain report.
Speakers
Chancellor of the Exchequer Philip Hammond MP
Professor Arin Dube, Chair of the government’s review of the impacts of Minimum Wage
Professor Sarah Brown, Professor of Economics at Sheffield University and LPC member
Dr Kathleen Henehan, Policy Analyst at the Resolution Foundation
Torsten Bell, Director of the Resolution Foundation
Economic scorecard - Canada - 3Q16 - Liberal party of Canada - Key Indicators paul young cpa, cga
This presentation will look at Liberal Party financial and economic performance for 3Q15. The presentation will look at areas like gdp, wages, employment, exports and manufacturing sales. T
The presentation will also look at government revenue and expenses as part of looking at the deficits for Canada.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the September 2018 forecast (released August 29th).
The Oregon Office of Economic Analysis forecasts the state's economy, General Fund, and Lottery Fund revenues. This slide presentation is part of the May 2021 forecast, released May 19th.
The Oregon Office of Economic Analysis forecasts the state's economy, General Fund, and Lottery Fund revenues. This slide presentation is part of the March 2021 forecast, released February 24th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is part of the December 2019 forecast, released November 20th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the June 2018 forecast (released May 23rd).
The Oregon Office of Economic Analysis forecasts the state The economy and General Fund and Lottery Fund revenues. This slide presentation is part of the December 2020 forecast, released November 18th.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the September 2019 forecast (released August 28th).
Presentation to the Oregon Legislature on the latest economic and revenue outlook for the State of Oregon. Overview of the U.S. and Oregon economic landscape. Tax revenue tracking and outlook for personal income taxes, corporate income taxes, Lottery sales and recreational marijuana sales.
Presentation to the Oregon Legislature on the latest economic and revenue outlook for the State of Oregon. Overview of the U.S. and Oregon economic landscape. Tax revenue tracking and outlook for personal income taxes, corporate income taxes, Lottery sales and recreational marijuana sales.
A brief overview of the public sector in rural Oregon. Presentation given to the Oregon House Committee on Economic Development and Trade on May 31st, 2017.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the May 2019 forecast (released May 15th).
Covid-compressed incomes? The past, present and future of crisis-hit living s...ResolutionFoundation
The coronavirus public health crisis has prompted the biggest economic downturn in a century, the sharpest rise in benefit claims since records began, and a £190 billion policy response. These are big numbers and stark records, but what do they all amount to for the economic measure that matters the most – households’ disposable incomes?
Who has borne the brunt of the crisis so far, and who has the Government helped the most? How much difference has policy made? And what comes next for household living standards, particularly for families on low-to-middle incomes?
The Resolution Foundation is hosting an interactive webinar to debate and answer these questions. It will begin by presenting the highlights from its annual Living Standards Audit that examines the impact of the crisis on household incomes, before hearing from leading experts – including Shadow Chancellor Anneliese Dodds – on what should be done to both safeguard and lift living standards in the next phase of the crisis. Viewers will be able to submit questions to the panel before and during the event.
From its controversial introduction 20 years ago, the National Minimum Wage has gone from strength to strength, including with the more ambitious National Living Wage introduced in 2016. Next year the UK will have one of the highest wage floors in the world, but the future path of the minimum wage in the 2020s remains undecided.
With widespread support for further minimum wage rises the Chancellor has announced that he wants to end low pay altogether, and has appointed world-leading minimum wage expert Professor Arin Dube to review the evidence of minimum wage impacts around the world. So, as the UK heads towards the top of the international minimum wage league table, where should the UK’s wage floor go from here?
Can the minimum wage be increased further? What is the right pace of increases to balance the benefits of higher wages with risks to jobs? What would further rises mean for the growing share of the workforce on the legal minimum? Which sectors and parts of the country would be most affected?
At the event to mark the launch of Professor Arin Dube’s review we heard from him and a Senior Cabinet Minister. The Resolution Foundation also presented new research on the future of the minimum wage from its Low Pay Britain report.
Speakers
Chancellor of the Exchequer Philip Hammond MP
Professor Arin Dube, Chair of the government’s review of the impacts of Minimum Wage
Professor Sarah Brown, Professor of Economics at Sheffield University and LPC member
Dr Kathleen Henehan, Policy Analyst at the Resolution Foundation
Torsten Bell, Director of the Resolution Foundation
Economic scorecard - Canada - 3Q16 - Liberal party of Canada - Key Indicators paul young cpa, cga
This presentation will look at Liberal Party financial and economic performance for 3Q15. The presentation will look at areas like gdp, wages, employment, exports and manufacturing sales. T
The presentation will also look at government revenue and expenses as part of looking at the deficits for Canada.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the September 2018 forecast (released August 29th).
Blog – Failure of Trudeaunomics
Justin Trudeau may key promises in 2015.
a) Making housing more affordable. Housing has grown on average of nearly 10% per year as compared to wage growth of 3.2%
b) Household debt has hit record levels since 2015
c) FDI has gone elsewhere to countries like Australia - https://www.austrade.gov.au/news/economic-analysis/who-invests-in-australia-analysing-2020-s-4-trillion-record-for-foreign-investment
d) Inflation is at an 18-year high - https://www.linkedin.com/posts/malundy_canadian-inflation-hits-30-year-high-as-omicron-activity-6877347398188982272-DjpM/
e) Trudeau’s deficits were neither small nor effective to address issues facing the economy like productivity, innovation, skills gaps, housing costs, etc. - https://www.slideshare.net/paulyoungcga/how-can-bank-of-canada-achieve-its-2-inflation-target-for-canada
1. Wage growth – https://www.saltwire.com/nova-scotia/news/wage-growth-outpaces-inflation-as-job-vacancies-surge-to-record-100672882/
2. Housing - https://betterdwelling.com/canadas-gap-between-real-estate-prices-and-incomes-looks-ridiculous-beside-us-data/
3. Record household debt - https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
4. FDI in decline as compare to Canada’s peers - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
5. Job Quality - https://www.thestar.com/business/2021/12/09/small-businesses-automating-to-deal-with-worker-shortage-survey.html
6. Canadian dollar - https://www.nasdaq.com/articles/canada-fx-debt-canadian-dollar-extends-rebound-as-domestic-economy-grows
7. GDP and slow growth - https://thoughtleadership.rbc.com/the-great-canadian-restart-how-2022-can-spark-an-era-of-greener-more-robust-growth/ and https://www.bnnbloomberg.ca/canadian-consumers-power-5-4-annualized-growth-1.1688906
8. Immigration - https://www.bnnbloomberg.ca/canada-tops-record-immigration-goal-of-401-000-residents-1.1700063
9. Inflation - https://www.healthing.ca/opinion/opinion-ottawa-gets-an-inflation-dividend-the-rest-of-us-dont/
10. Job vacancies - https://www.ctvnews.ca/business/labour-shortages-continue-as-quarterly-job-vacancies-reach-all-time-high-1.5718167
NDP has an agreement with the Liberals to support Trudeau until 2025. NDP will not support any non-confidence vote but will support any liberal budgets. NDP will be allow to push bills like GIS and other bills related to the NDP free stuff agenda!
Blog – The Failure of Trudeaunomics – April 2022
Trudeau deficits led to nothing but higher taxes and anemic growth
Trudeau did little to help the middle class
Trudeau policies towards the natural resource sector led to less FDI as compared to its peers like Australia
Trudeau’s carbon tax has not been revenue neutral
Trudeau critical metal strategy is relying on innovation that does not current exist when it comes to sourcing lithium from tailing ponds and/or other sources.
Trudeau’s ministers claim the PBO report did not look at all angle is incorrect. Canadians are looking at ways to deal with high inflation including curbing consumer spending
Trudeau never mentioned the fact that Canadians have the highest household debt ever in the history of Canada.
South Korea's economy, rated moderately free through most of the history of the Index, has advanced to mostly free in the past eight years. A dynamic private sector with a well-educated labor force and high capacity for innovation has capitalized on openness to global trade and investment.
1. Housing affordability – During 2015 election is when Ralph Goodale said Harper had the worse household debt in Canadian history https://nationalpost.com/opinion/ralph-goodale-the-myth-of-the-roaring-canadian-economy . Fast forward to 2022 and now you are seeing household affordability the worse in over 30 years - https://www.macleans.ca/longforms/down-payments-are-less-affordable-than-ever-unless-you-have-generational-wealth/
2. Trudeau’s deficits with neither effective nor small - https://torontosun.com/opinion/columnists/goldstein-lets-stop-pretending-trudeaus-deficit-projections-are-real
3. Trudeau environmental policies had many issues - https://www.theglobeandmail.com/politics/article-contradictory-spending-slow-pace-trouble-trudeau-governments-emissions/
4. Immigration is a concern due to fact there is a job quality issue - https://www.slideshare.net/paulyoungcga/has-canada-immigration-policies-been-effective
5. GDP was sluggish pre-covid19 and little was said by MSM and Trudeau’s team - https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
6. Supply chain was in bad shape pre-covid19 - https://www.slideshare.net/paulyoungcga/analysis-of-the-goods-producing-sector-canada-august-2019-and-september-2019
7. Trudeau never brought Canada back on the world scene - https://www.slideshare.net/paulyoungcga/foreign-affairs-and-policies-is-canada-back-250969830
8. Trudeau promise to help small business and the went on to hiking small businesses taxes as he called small business owners tax cheats. https://www.slideshare.net/paulyoungcga/canada-small-business-survival-analysis-and-commentary
9. Trudeau promise to be more open and transparent and has failed - https://www.slideshare.net/paulyoungcga/justin-trudeau-governance-model-january-15-2022
10. Trudeau policies never address productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-250791285
11. Trudeau’s team has ignored many audit reports. Trudeau has done little to improve outcomes on various programs - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-december-2021
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the March 2018 forecast (released February 16).
Presentation by Kathleen Burke, John McClelland, and Jennifer Shand, analysts in CBO’s Tax Analysis Division, to the National Association of Legislative Fiscal Offices.
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Cost of living has hit 40-year high
More and more of the middle class are left out of the housing market
Canada continues to face productivity and innovation challenges
Federal government refuses to review its carbon pricing model
Similar to Oregon Economic and Revenue Forecast, June 2020 (20)
High-technology is a pillar of Oregon's economy. This research details the industry's growth and contribution in terms of jobs, wages, GDP, and exports.
Working from home is a long-run growth opportunity. Many such workers bring their jobs with them or start their own business in part because it is harder to find a similar job locally. One key need is good, reliable broadband. Overall Oregon does better than much of the country in terms of working from home and broadband access, however gaps exist. Furthermore there are a lot of inequities regarding access to technology. Broadband is important for social, economic, and educational needs.
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the March 2019 forecast (released February 27th).
The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. This slide presentation is a part of the December 2018 forecast (released November 14th).
Forecast presentation on the economic, demographic, and housing outlook for the Portland region. Presentation given at the Home Builders Association of Metropolitan Portland's forecast breakfast, November 2nd, 2018.
Look at big picture, structural issues facing the Oregon and US economies. Topics include industrial structure, high-tech, start-ups, population growth, housing, job polarization, economic disparities, economic mobility, and public finances.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
3. Oregon Office of
Economic Analysis
3
Health Assumptions
• Uncertainty abounds. Our office is translating a public health
crisis into an economic and revenue forecast. Two key health
assumptions in the baseline:
• Social distancing policies begin lifting this summer. Phase 1
reopening is just a first step.
• Health crisis wanes by end of 2021 due to some available
treatment or vaccine
4. Oregon Office of
Economic Analysis
4
• When restrictions lift, strong
initial rebound, but
incomplete
• Slower growth next year due
to uncertainty over virus and
income losses
• Once medical treatment
widely available, stronger
recovery expected
• Economy returns to health by
mid-decade
It Takes Years to Recover from Severe
Recessions
5. Oregon Office of
Economic Analysis
5
• Recovery Rebates
• Nearly $4b to Oregon
households
• Unemployment Insurance
• Nearly $7b total given recession
and expanded program
• Paycheck Protection Program
(PPP)
• 49,900 small Oregon businesses
have been approved for $6.83b
in loans through 5/1/2020
Permanent Damage & Federal Policy
6. Oregon Office of
Economic Analysis
6
• Near Term: no one is
moving during the
pandemic
• Medium Term:
migration reduced due
to recession
• Long Term: Oregon’s
ability to attract and
retain working-age
households is expected
to remain intact
Migration is Pro-cyclical
7. Oregon Office of
Economic Analysis
7
• Oregon’s long-run
trajectory is lower due
to the recession
• Fewer jobs, less income,
smaller population
• Largest relative changes
expected in goods-
producing industries
plus retail
Industrial Structure Likely to Change
8. Oregon Office of
Economic Analysis
8
• Initial impacts largest in
tourism-reliant regions
• Future headwinds based
on larger reliance on
goods-producers, and
fewer office-based jobs
that are concentrated in
metro areas
Regional Outlook:
Recession Severity and Future Growth
10. Oregon Office of
Economic Analysis
10
Mix of Tax Instruments Matters
• Oregon’s reliance on
personal and corporate
income taxes has made its
revenues more volatile
than in most states
• This recession may be
different given the
oversized impact on
spending
• Oregon’s revenue system
has become far more
dependent on sales in
recent years: (CAT, lodging,
gasoline, vehicle privilege,
video lottery, marijuana)
11. Oregon Office of
Economic Analysis
11
Corporate Activity
Tax Revenue
Changes ($ million)
2019-21 -$414.1
2021-23 -$599.0
2023-25 -$489.1
Oregon revenues have never been more
exposed to consumer spending, Part 1
12. Oregon Office of
Economic Analysis
12
• Lower revenues today
due to social
distancing
• There is pent-up
demand for gaming
• Long-run growth
lowered due to smaller
economy and less
personal income
Oregon revenues have never been more
exposed to consumer spending, Part 2
14. Oregon Office of
Economic Analysis
14
• Income Tax Volatility is led by
large swings in business and
investment income
• Some weakening of capital
gains was expected prior to
the market correction
• IHS vendor forecast
incorporates fast recoveries
for profits and equity markets
• Stock market correction is
expected to be less than half
as deep and less than half as
long as in 2007
Volatile Income Steams
15. Oregon Office of
Economic Analysis
15
Revenue bottom line
2019-21 2021-23 2023-25
Personal Income Taxes -1,588 -3,231 -2,429
Corporate Income Taxes -233 -137 -118
Other -108 -152 -140
Total -1,929 -3,520 -2,687
2019-21 2021-23 2023-25
Lottery -364 -260 -187
Corporate Activity Tax -414 -599 -489
Marijuana Tax 9 -5 -18
Total -769 -864 -694
2019-21 2021-23 2023-25
Total Sum -2,698 -4,384 -3,381
Biennium ($ Million)
Other Revenues
Biennium ($ Million)
General Fund
Revenues
Biennium ($ Million)
16. Oregon Office of
Economic Analysis
16
Sizable Reserves Will Help Some
Effective Reserves ($ millions)
April
2020
End
2019-21
ESF $708 $800
RDF $878 $949
Reserves $1,586 $1,750
% of GF 8.1% 9.0%
0%
3%
6%
9%
12%
15%
18%
21%
24%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
99-
01
01-
03
03-
05
05-
07
07-
09
09-
11
11-
13
13-
15
15-
17
17-
19
19-
21
21-
23
23-
25
25-
27
Biennium
OregonBudgetary Reserves (billions)
Educ. Stability Fund Rainy Day Fund Gen. Fund Ending Balance
Forecast -->
Percent of
General Fund -->
Source: Oregon Office of Economic Analysis