Behind the March Revenue Forecast

Since our office released the March 2018 economic and revenue forecast, we’ve been involved in numerous discussions about how exactly the forecast has evolved in recent months. In particular, how did the forecast go from seeing a hit to near-term revenues due to the impacts of the federal Tax Cuts and Jobs Act (TCJA) to actually showing higher total resources? What follows is an effort to clarify the underlying, and offsetting changes to the outlook.

Source: Behind the March Revenue Forecast | Oregon Office of Economic Analysis