Oregon Financial Forecast Points Positive

, Posted: Thu, August 30 2012 at 8:03 AM, Updated: Thu, August 30 2012 at 8:38 AM

Oregon is expecting an extra $80 million in projected tax revenues for the state's current two year budget.

However, between Europe's financial crisis, and a slow-down in trade from Asia, economists are cautious when it comes to the next two years.

Officials say Oregon's major trading partner, China isn't ordering as many goods and domestic spending is down.

The good news, however, tax revenues are up, and the housing market is looking better.

If these trends continue, officials say oregon could see an extra $190 million by the end of this fiscal year.

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