It's Wednesday. The state Revenue Forecast was released this morning, revised down $35 million from the previous forecast. Economic indicators, however, point to strong growth for the state. "We've seen broad-based improvement across a wide range of industries and occupations," said state economist Mark McMullen.
Revenue Forecast
BLOG: February Revenue Forecast: A sigh of relief, but legislators need to choose the right priorities
Our Oregon Sockeye Blog
"Today’s revenue forecast will give Oregon’s legislators the information they need to make decisions about how to protect our schools and the critical services that low-income seniors and struggling families depend on. ... Despite the news today, we’re still living with consequences of years of budget cuts that have taken their toll on Oregon’s students, seniors, and middle-class families. K12 students are forced to learn in dangerously overcrowded classrooms, long-term senior care has been slashed, and the safety net for the unemployed has been cut."
Oregon state economic forecast: Tax revenues down another $35 million
Oregonian
"SALEM - Oregon lawmakers learned moments ago they may have $35 million less than they expected to spend on state programs in the current budget."
Oregon's economic forecast projects $35 million drop
Statesman Journal
"Oregon’s projected amounts from taxes and lottery proceeds dropped another $35 million in today’s forecast, but compared to the previous two drops totaling $300 million, the news was greeted with relief."
State government revenues face additional small squeeze, forecast says
Register Guard
"...However, the latest decrease is smaller than some legislators predicted earlier this month and could be comfortably covered by reserves set aside in a preliminary budget framework that was agreed upon last week."
Economy
Oregon economy rebounds sharply in December
Oregonian
"Oregon’s economic activity rebounded sharply in December, as personal-income growth increased, according to a monthly measure. The separate University of Oregon Index of Economic Indicators also rose — to its highest level since July. Temp hiring increased during December in Oregon. So did trucking activity. And initial unemployment claims fell. UO economist Tim Duy, who assembles the numbers, issued a report Tuesday showing that his monthly index had fallen just 2.6 percent, annualized, compared with six months ago. That brings the decrease above the 2.75 percent decline that has been linked to Oregon recessions in the past."
Economic outlook brightens
Register Guard
"The outlook for Oregon’s economy this year has gotten a bit brighter, University of Oregon economist Tim Duy said Tuesday. Duy assembles a monthly forecast projecting economic conditions for the following three to six months. Last fall, he began worrying about what his UO Index of Economic Indicators was showing: A pattern that normally precedes a recession in Oregon. But an end of the year upturn in the indicators has relieved him of much of that worry, he said. 'Economic activity rebounded in Oregon in the final month of 2011,' he said. 'Improvement was widespread,' Duy added. 'None of the components (of the index) deteriorated during the month.' Although residential construction remains weak, there are signs of a gradually improving state economy, he said."
State forecast says Oregon economy is recovering slowly
Register Guard
"Oregon’s economy is showing encouraging signs and the state’s revenue forecast calls for slow growth over the next two fiscal years, according to the state Economic Forecast released today. “Although the pace of job creation remains glacial, improvements have been broad-based across a wide range of industries and occupations,” the forecast said."
Other Legislative Headlines
Senator of Fortune
Willamette Week
"State Sen. Brian Boquist (R-Dallas) may be the most adventurous lawmaker in Salem. He’s described his best-known business, International Charter Inc. of Oregon, as a humanitarian organization, ferrying relief supplies in war-torn countries from Liberia to Pakistan. But journalistic accounts of ICI missions in West Africa in the late 1990s describe a paramilitary force of well-armed Russian and American veterans who serve as military proxies in areas deemed too dangerous for uniformed soldiers. A federal lawsuit has raised new questions about how Boquist—a 53-year-old U.S. Army veteran—makes and spends his money."
BLOG: OR House: Matt Wingard blocks child abuse bill
BlueOregon
"I guess this shouldn't come as a huge surprise given his history, but sources are telling me that Rep. Matt Wingard (R-Wilsonville) will not allow Oregon House Bill 4016, which expands the list of mandatory reporters for child abuse, for a vote in the House Education Committee. HB 4016 would apply only to those volunteers who had direct care and control of children outside the supervision of an otherwise mandatory reporter. The bill is supported by the Oregon District Attorney's Association and the Oregon Community College Association. Coalition of Oregon School Administrators representative Chuck Bennett also spoke favorably of the bill in committee last week. Stand For Children is expected to endorse the legislation as well."
Murmurs: Super Pacs-a-plenty
Willamette Week
"Katie Riley, a Democrat making her second run at the House District 29 seat, currently held by Rep. Katie Eyre (R-Hillsboro), learned an important lesson this week: If you are going to misrepresent your opponent’s record, don’t do it in a voicemail. Riley recently left a message for a potential contributor claiming to be 'the only pro-choice candidate running in this district.' That’s news to her rival for the Democratic nomination, Ben Unger, who sat with Riley at a Planned Parenthood lunch last week and has worked closely with that group and NARAL Pro-Choice Oregon for the past five years as a political organizer. Riley says her claim was a “mistake” and she knows Unger is pro-choice."
Gov. John Kitzhaber, legislative leaders to launch effort to reform Oregon public safety system
Oregonian
"Gov. John Kitzhaber and legislative leaders are about to try to cage state prison spending, an 800-pound public policy gorilla threatening to stomp through the state budget. How to collar the beast is far from decided. Kitzhaber and the leaders expect to appoint a new group next month to hunt ways to reform Oregon's public safety system. The state Corrections Department already eats up nearly one-tenth of the state general fund, and spending is forecast to grow an estimated $600 million over the next decade to house a growing inmate population."
Audit: Oregon schools fund overdrawn by $76 million
KTVZ
"An Oregon state agency improperly distributed $76 million from an account that boosts school funding, an oversight that is likely to decrease money available for schools in future years, auditors said in a report released Tuesday. Auditors from the secretary of state's office blamed accounting procedures at the Department of State Lands for the error. The money came from the Common School Fund, which was created at statehood to collect proceeds from the management of state-owned land. The State Land Board distributes investment earnings to schools based on student population, and the Oregon Constitution requires that the principal be protected."
Schools are again a big-ticket item in Salem
KTVZ
"The biggest item in the 2012 Oregon Legislature is education. School funding takes up $8 billion of a $14 billion state budget. It sounds like a lot, but that's less than the state used to spend on schools. One Central Oregon lawmaker is looking to reverse that trend. Bend state Rep. Jason Conger's No. 1 priority this session: The School Savings Act. He says the bill will make available millions of dollars for school districts to improve your child's education. Conger wants to take education reform back into the classroom. His proposal promises to save $200 million a year for schools."
Bills may prevent some foreclosures
Statesman Journal
"Homeowners faced with foreclosure while seeking a loan modification expressed frustration to lawmakers Monday about a process they called a 'spin cycle.' The dual-track process allows mortgage lenders to move ahead with foreclosure even when the homeowner is trying to modify their loan. 'It starts you down a path that has one conclusion, and that's foreclosure,' Bend resident Tim Collette told the Senate General Government, Consumer and Small Business Protection Committee."
Other
Activists protest foreclosure evictions
OPB News
"A group of activists rallied in Portland's Lownsdale Square Tuesday protesting evictions of people facing foreclosure. Angus Maguire is with the non-profit advocacy group We Are Oregon. He says he has a message for people facing foreclosure: don't move out. 'If you're getting threatening letters from banks, don't move out. If you've been given an auction date, don't move out. If you stay in your home, you create opportunities to save your home,' Maguire says."
COLUMN: A congresswoman, and a message, from the 1st
Oregonian
"When Suzanne Bonamici was sworn in Tuesday as the newest member of the House of Representatives, Stephanie Schriock saw a prospect extending well beyond the 1st Congressional District of Oregon. 'It really is a springboard for 2012,' declared Schriock, president of Emily's List, the national Democratic women's political action committee that strongly supported Bonamici. 'Folks are seeing that around the country.' What Emily's List saw, in an election night survey by the Portland pollsters Grove Insight, was that Bonamici's larger-than-expected 14-point victory was driven by a 20-point margin among women voters. The survey also found that 'for the Bonamici crowd, tax fairness and Social Security/Medicare were the most important issues guiding their decision-making process in this race.'"