August forecasts from the Department of Administrative Services, presented Wednesday to the state’s legislative committee on finance and revenue, show a sharp decline in Oregon’s General Fund outlook for the 2025-27 budget.

The balance, once projected as a $472.8 million surplus, has now dropped to a $372.7 million deficit following a $621.1 million adjustment tied to economic changes, Trump’s HR1, and reductions in kicker credits.

Oregon’s August Budget Forecast Shows Effects Of Adjustments, HR1, And Kicker Reductions

Oregon’s Chief Economist, Carl Riccadonna, and DAS Office of Economic Analysis (OEA)

Senior Economist Michael Kennedy, presented quarterly updated forecasts to the Legislative Committee on Finance and Revenue.

The revenue forecasts, which publicly share details of the s

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