The U.S. economy experienced strong economic growth in 2018. Change ), You are commenting using your Facebook account. The ESF has similar requirements as the Rainy Day Fund. Change ), You are commenting using your Twitter account.
Our presentation slides for the forecast release to the Legislature are below.
Corporate collections have surged to an all-time high in recent months, due in part to temporary factors. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters. Capacity constraints, an aging workforce, monetary policy drags and fading fiscal stimulus will all act to put a lid on growth a couple of years down the road.
Unemployment remains near historic lows even as participation rates rise. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. You’re right that the cuts weren’t fully in place for all of 2018 and the big spending increases haven’t fully gone out the door yet either. Growth will certainly slow to a sustainable rate in the coming years, but the path taken is unknown.
Will know more next week when more data is released.
Oregon Economic News, Analysis and Outlook, While the revenue forecast is relatively unchanged in the currently 2017-19 biennium, our office is forecasting both a personal and corporate kicker.
The tax filing season has just begun. for 1982-May 1993 prepared by the Executive Dept. The jury is still out in their long term impact on the economy. Federal tax law changes have likely expanded the corporate tax base in Oregon, which will lead to additional revenues in the years ahead.
However, the exact timing and steepness of this deceleration is difficult to predict, leading to a wide range of possible revenue outcomes for the 2019-21 budget period. This slide presentation is part of the December 2019 forecast, released November 20th. That means workers saw bigger paychecks every month even if most didn’t realize it. Given tax season has just begun, these figures could change by May 15, Educational Attainment Continues to Increase, Economic and Revenue Forecast, March 2019 | Oregon Office of Economic Analysis | eClips, Oregon Household Incomes Hit Historic Highs | eClips. Depository Program. Clipping is a handy way to collect important slides you want to go back to later. But not a game changer.
The economy will set a new record for length of expansion this summer at ten years old.
Revenue Outlook of Administrative Services. Formed by the union of: Oregon economic forecast, and: Oregon revenue forecast. Concerns over the U.S. consumer are higher today due to weak sales data at the end of 2018 and somewhat higher delinquency rates. Mark McMullen
Looks like you’ve clipped this slide to already.
The corporate kicker, which is dedicated to education spending in the upcoming biennium, is currently estimated at $353 million. It is for informational purposes and may not be suitable for legal purposes. ... CBO’s Economic Forecasting Record: 2019 Update.
Local wage growth outpaces national figures due to the strong labor market. Oregon Economic and Revenue Forecast, September 2020, Oregon Economic and Revenue Forecast, June 2020, Oregon Economic and Revenue Forecast, March 2020, Oregon Economic and Revenue Forecast, September 2019, No public clipboards found for this slide, Scribd will begin operating the SlideShare business on September 24, 2020, Oregon Economic and Revenue Forecast, December 2019. Federal tax law changes, volatile equity markets, a nationwide dearth in recent estimated payments and strong growth in withholdings are all acting to muddy the outlook this tax season.
Based on the June 2018 revenue forecast, the fund is projected to have a balance of $609.9 million at the end of the 2017–2019 biennium.
Vols. Oregon Economic and Revenue Forecast, December 2019 1. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Given tax season has just begun, these figures could change by May 15th, the final forecast for the legislative session.
Because a lot of the taxes weren’t finalized until late I bet many people don’t know the full benefit they will get from the changes. 1 online resource (volumes) : illustrations ; http://rightsstatements.org/vocab/CNE/1.0/, Oregon economic forecast.
( Log Out / ( Log Out / The Oregon Office of Economic Analysis forecasts the state economy and General Fund and Lottery Fund revenues. Although April surprises are commonplace, this year’s outlook is particularly uncertain. This slide presentation is a part of the September 2019 forecast (released August 28th).