Glad that you mentioned the budget because it will be a major fight this session and may become the single biggest issue for the next six months. However, I do not know where you got the data for your statement, "She’ll have record revenues to work ". The LRO forecast for Q4 2022 shows a drop of over $3 billion from our current biennium to the 23-25 biennium as a result of the kicker and a recession. https://olis.oregonlegislature.gov/liz/2021I1/Downloads/CommitteeMeetingDocument/257442. I don't have data about federal funds, but I assume that they will be shrinking as well.
Moreover there will be enormous pressure to allocate $100's of millions for semiconductor incentives, Columbia River Crossing, housing, mental health, public defenders, etc. with shrinking resources.
That's a good point on the revenues John. I made the statement based on current revenues, which are actual instead of projected. But you are correct that the budget has to be based on projected revenues. Oversight by me. I believe there's at least one more forecast before the budget will be adopted, but it's unlikely that projected revenues will be higher than the most recent biennium. I concur about the cross-pressures that the governor and Legislature will face.
Glad that you mentioned the budget because it will be a major fight this session and may become the single biggest issue for the next six months. However, I do not know where you got the data for your statement, "She’ll have record revenues to work ". The LRO forecast for Q4 2022 shows a drop of over $3 billion from our current biennium to the 23-25 biennium as a result of the kicker and a recession. https://olis.oregonlegislature.gov/liz/2021I1/Downloads/CommitteeMeetingDocument/257442. I don't have data about federal funds, but I assume that they will be shrinking as well.
Moreover there will be enormous pressure to allocate $100's of millions for semiconductor incentives, Columbia River Crossing, housing, mental health, public defenders, etc. with shrinking resources.
That's a good point on the revenues John. I made the statement based on current revenues, which are actual instead of projected. But you are correct that the budget has to be based on projected revenues. Oversight by me. I believe there's at least one more forecast before the budget will be adopted, but it's unlikely that projected revenues will be higher than the most recent biennium. I concur about the cross-pressures that the governor and Legislature will face.