Oregon Economic Analysis Office Publishes June 2020 Revenue Forecast
Citations: June 2020; Vol. XL, No. 2
SUMMARY BY TAX ANALYSTS
The Oregon Office of Economic Analysis published its economic and revenue forecast for June 2020, analyzing COVID-19's effect on the economy and revenue collections from personal and corporate income taxes, the corporate activity tax, lottery earnings, and recreational marijuana sales; the forecast concludes that while all major revenue sources will face a considerable downturn, Oregon is well prepared thanks to the strength of dedicated reserve funds and the general fund.