PORTLAND, Ore. (KOIN) — Oregon will have $845.5 million less than previously expected in its general fund for the next two years.

State economists presented their latest revenue forecast to legislators on Wednesday, which included the impact of recently passed federal legislation, H.R. 1.

The legislature ended its 2025 session with $472.8 million in available funds. Economic changes, adjustments to the kicker credit, and the passage of H.R.1 are expected to reduce state revenue by $888.2 million over the next two years, according to the Oregon Department of Administrative Services. The new forecast puts the state's balance at negative $372.7 million.

"Ultimately, the state will have to balance its books," Chief Economist Carl Riccadonna told KOIN 6 News.

The drastic change in revenue f

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