Levy isn’t buying the June revenue forecast

SALEM – The Oregon Office of Economic Analysis (OEA) released its June revenue forecast yesterday (Wednesday). Forecasters believe the general fund revenue will be $345 million higher than predicted in the previous forecast.

“The increase is due to the Legislature’s action during the 2026 legislative session, which includes disconnecting from various provisions of the 2025 federal tax cuts,” OEA states. “These actions made up for some unexpected weakness in the economy and tax receipts to date. Without these actions the forecast would have been down by $23 million.”

State Rep. Bobby Levy (R-Echo) says the forecast is out of step with reality.

“Due to disconnecting from federal tax policies this past session, the forecast paints a much brighter picture of Oregon’s economic landscape than the lived realities of folks who live, work, and own businesses here,” Levy told Elkhorn Media Group. “Oregon’s GDP (gross domestic product) growth continues to trail the U.S. by 1.1 percent, businesses continue to move out of the state, and our unemployment rate remains higher than the national average.”

Levy also had a message for her constituents.

“For those in my district who are struggling and feel like this forecast is a slap in the face: I hear you, I see you, and I will continue to fight for tax policies that actually benefit the employee and the employer – not just Oregon’s bank account.”

File photo of Rep. Bobby Levy

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Elkhorn Media Group