Oregon State Rep. Greg Smith (R-Heppner) released the following statement in response to the revenue forecast announced today:
“Today’s revenue forecast continues the upward trend of previous forecasts. Despite the crises of the past two years, Oregon’s economy shows resiliency as its growth persists. However, it would be wise to remember that this strong economy Oregon is currently experiencing has been boosted by federal borrowing that may not be available in the future. Additionally, this borrowing and has caused a major rise in inflation. Fiscal prudence is paramount when managing Oregon’s finances. However, a balanced approach is also essential and, as a Legislature, we must continue investing in critical programs.”
