They’re going to have to stop calling it the dismal science. Today’s release is at https://www.oregon.gov/das/OEA/Pages/forecastecorev.aspx
Given this on top of all the other good news about UO’s out-of-state enrollment, CARES funds, and cost savings from the hiring freeze etc., it will be fun listening to Pres Schill at today’s Senate meeting (3PM on zoom here) attempting to explain why UO can’t afford to give employees raises that make up for inflation and our falling position relative to the AAU peers.
Oregon’s primary sources of state tax revenues continue to outstrip expectations. Since the September forecast
was released, daily collection records have been set for both personal income tax withholdings and corporate
tax collections. In addition, Lottery sales continue to set records for this time of year.
Recent forecasts have called for tax collections to return to earth. Federal aid has expired, and economic activity
is beginning to return to normal with workers reentering the labor force, returning to offices and spending more
on services. Instead of normalizing, however, revenue growth has accelerated further. …