Oregon's projected revenue shortfall shrunk from $373 million to $63.1 million.

State economists placed the chance of a recession in Oregon within the year at about 25%.

Future economic forecasts could be impacted by a pending U.S Supreme Court ruling on President Donald Trump's tariffs.

Oregon economists delivered a more optimistic economic and revenue forecast Nov. 19, citing improvements in national growth expectations and strong corporate income tax receipts, but warned the looming U.S Supreme Court ruling on tariffs and the government shutdown's blackout on federal economic data could change the outlook in the months ahead.

Lawmakers will continue to face a budget deficit, albeit a much smaller one than expected, according to the latest revenue forecast. Economists revealed in Au

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