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State economists Josh Lehner, left, and Mark McMullen present the quarterly economic and revenue forecast on Wednesday, May 17, to members of the Oregon House and Senate revenue committees in Salem.

 Peter Wong

Oregon lawmakers will have more money available for state spending, taxpayers are due record $5.5 billion credits on their 2023 returns, and the state school fund will get a record $1.8 billion from excess corporate income taxes.

State economists delivered that news Wednesday, May 17, to members of the House and Senate revenue committees in Salem. This quarterly economic and revenue forecast is the last before lawmakers make final decisions on the next two-year state budget, which starts July 1. The 2023 session is scheduled to adjourn by June 25, though the walkout by Senate Republicans that started May 3 has raised uncertainty.

Peter Wong covers Oregon politics for Pamplin Media Group.

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