Governor Kate Brown and some lawmakers say the State of Oregon is facing a $1.7 billion budget shortfall in the 2017-19 biennium. Yet, this shortfall is in the face of all-time high tax money coming in to state government.
Research published by the Pew Charitable Trusts finds that Oregon has seen some of the fastest growth in tax revenues since the end of the Great Recession.
Pew’s comparison of each state’s tax receipts show that since 2010, Oregon had the third largest recovery among the states. On average, states have seen tax revenues grow by 21 percent. At 41 percent growth, Oregon’s tax revenues grew at nearly double the state average.
…On average, states have seen tax revenues grow by 6 percent since their pre-recession peaks. Oregon’s tax revenue growth was more than 16 percent since the end of 2008…
Deficits are caused from spending outpacing revenues. Despite Oregon’s record rate of revenue collection, state spending plans have increased even faster…
We Respond & Your Comments
Record levels of tax dollars – dollars you worked for – are rolling in to Salem. But they’re not enough for the Progressives who run our Beaver State. They’ve spent themselves into a $1.7 or $1.8 billion (who’s counting? They’re not) deficit. Every program sounded good. Every union raise and new benefit was for “fairness.” But any spending cut they might pass means they’re taking something away from somebody. And Progressives’ union sugar daddies, who deliver votes and dollars, hold tight to what they’ve already won.
We doubt that our liberal legislators will jerk from their arms the spending needles that mainline their votes and campaign dollars. That leaves us, the taxpayers, first in line to solve their spending problem. Our advice: Grab your wallets! Progressives are on the prowl for them.