Oregon's June revenue forecast released by the Office of Economic Analysis indicates, despite big surpluses, significant economic challenges are ahead due to stagnant growth and high inflation. Republican leaders call for adopting a more disciplined approach to the state’s finances would help lessen the burden on taxpayers and improve economic stability.

Senate Republican Leader Daniel Bonham (R-The Dalles) said, “Across the state, Oregon families are having to tighten their budgets and make difficult choices as rising costs due to high inflation outpace their earnings. It’s time the state does the same. The latest revenue forecast indicates that the state has continued to take more than enough of our hard-earned tax dollars. The Legislature – like many of our friends and neighbors – must learn to live within its means.”

“As we navigate through this period of high inflation, rising costs, and stagnant growth, our caucus will continue to advocate for budgetary restraint to ensure the long-term viability of essential services. The Oregon Legislature must act. Soaring energy prices are an example of an inflationary pressure we can actually do something about. Through fiscal accountability and responsible spending, Senate Republicans offer policy solutions that would provide tangible relief to working Oregonians and protect the financial well-being of all Oregon families.”

A D V E R T I S E M E N T

A D V E R T I S E M E N T

Inflation's effect on Oregonians doesn't seem to matter to Governor Tina Kotek. Government greed is the cause for inflation, and Kotek just keeps spending. Recently she proposed a $40 million investment to sustain container service at Port of Portland’s Terminal 6. This includes $35 million from her 2025-2027 budget that includes a $20 million invested into a capital program that supports ports with active container service. It is unclear where this money would go since it appears that Port of Portland Terminal 6 is the primary and could be the only container port in Oregon. The other $15 million will be dedicated to initial state funding for costs associated with the Lower Columbia River Channel Management Plan. However, only $5 million that she is requesting from the legislative Emergency Board will go to directly resolve the shortage at Terminal 6.

Kotek response on the forecast, “Oregon’s economy continues to be stable and productive. We have made meaningful progress on issues of top concern for Oregonians and worked to move our economy in the right direction. I look forward to continuing to partner with the legislature to focus on meeting people’s needs in every part of the state, from housing to safe schools to behavioral health services.”


--Donna Bleiler

Post Date: 2024-05-31 11:03:20

Last Update: 2024-05-31 01:17:48