Oregon’s budget deficit shrank, but state lacks crucial federal data in latest economic forecast

Since late August, Oregon has been facing a $373 million budget deficit. But now, the state’s latest economic forecast shows Oregon may only be about $63 million in the hole. A brightening picture for the nation’s economy and some higher-than-expected corporate tax revenues for the state helped close the gap. But that doesn’t tell us much about the health of Oregon’s economy, as the recent government shutdown hampered the collection and release of important economic data. Oregon state economist Carl Riccadonna joins us to make sense of the latest forecast.

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