Story perspectives

Oregon's Budget Forecast Plummets: $373M Deficit Looms

8/29/2025

27 3

Summary

Story summary

Oregon's 2025-27 budget forecast has changed from a $473 million surplus to a $373 million deficit, primarily due to President Trump's tax bill, HR 1, which may decrease state revenues by $888 million.
Democrats and Republicans are divided on the causes of the economic strain, with differing views on federal versus state governance.
The state's economic outlook is uncertain, facing recession risks and declines in several sectors, despite some revenue from capital gains taxes.

1 of 1

Story summary

Oregon's 2025-27 budget forecast has changed from a $473 million surplus to a $373 million deficit, primarily due to President Trump's tax bill, HR 1, which may decrease state revenues by $888 million.
Democrats and Republicans are divided on the causes of the economic strain, with differing views on federal versus state governance.
The state's economic outlook is uncertain, facing recession risks and declines in several sectors, despite some revenue from capital gains taxes.