Levy says Oregon is losing money because it’s losing businesses

SALEM – The quarterly Oregon Revenue Forecast was released Wednesday and it showed a shortfall of $63.1 million. However, economists said there is a $309.5 million improvement over the last quarters predictions.

Rep. Bobby Levy (R-Echo) said that makes it clear to her that the reason for the shortfall in revenue is due to businesses leaving Oregon. Here is her statement in full:

“Whereas Democratic leadership across the state continue to point fingers at Trump, these federal budget cuts have only exposed a longstanding Oregon problem. As one of the least-business friendly states, and a state that relies on income taxes to support our General Fund, you’d think Democratic leaders would stop trying to drive business out of the state.  

Instead of playing the blame-game, I hope Democratic leadership can realize that the budget crisis we are facing are due to homegrown policies—and that it’s our job to get Oregon back on track.

I look forward to continue the fight for common-sense solutions that incentivize business, bring family-wage jobs back to this state, and allow workers to keep more of their hard-earned dollars in their pockets.

The forecast is prepared by the Oregon Office of Economic Analysis. It is based on predictions of money coming from major revenue sources. In describing this quarter’s report the office stated “Recession risks appear to be diminishing,” adding that the forecast  for 2026 has improved modestly.

EMG file photo of Rep. Bobby Levy

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Elkhorn Media Group