[Tree] Concerns over softening Massachusetts and Oregon economies and potential recession

Version 0.14 (2024-07-02 07:54:32.567000)

updates: Oregon economy continues to grow steadily, uncertainty with national economy could prevent additional tax collections and refunds

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Version 0.13 (2024-06-13 16:55:15.060000)

updates: Oregon's economy continues to grow steadily, with April personal income tax collections higher than expected. There is a 50% chance that Oregonians will receive a $582 million kicker tax credit in 2026. However, state economists warn that the additional tax collections and refunds might not happen due to uncertainty with the national economy. Factors such as high interest rates, federal policy woes, economic weakness among trading partners, and the upcoming federal election contribute to the uncertainty. Oregonians received record kicker payments this year, but economists say it doesn't appear people are spending that money. The state will have about $34 billion in its general fund for the current two-year budget cycle. Democrats are calling for more spending on housing, schools, and behavioral health, while Republicans are calling for reining in state spending.

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Version 0.12 (2024-05-31 19:54:14.396000)

updates: Oregon's economy continues to grow steadily with April personal income tax collections higher than expected. There is a possibility of a $582 million kicker tax credit in 2026. However, state economists warn that uncertainty in the national economy could prevent the additional tax collections and refunds. Factors such as high inflation, the Federal Reserve's indication of not cutting interest rates until December, and the upcoming federal election contribute to the uncertainty. Oregonians received record kicker payments this year, but economists note that people are not spending that money. The state is estimated to have about $34 billion in its general fund for the current two-year budget cycle. Democrats call for more spending on housing, schools, and behavioral health, while Republicans call for reining in state spending.

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Version 0.11 (2024-05-29 23:53:08.371000)

updates: The Oregon economy continues to grow steadily, but there are concerns about the future due to various factors such as high interest rates, federal policy woes, economic weakness among trading partners, and the upcoming federal election. April personal income tax collections in Oregon were higher than expected, potentially leading to a $582 million kicker tax credit in 2026. However, economists caution that this may not happen due to uncertainty with the national economy. Oregonians received record kicker payments this year, but economists note that the money does not appear to be stimulating consumption. The state is projected to have about $34 billion in its general fund for the next two-year budget cycle. Democrats call for more spending on housing, schools, and behavioral health, while Republicans call for reining in state spending.

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Version 0.1 (2024-05-29 22:52:20.774000)

updates: Added information about the economic outlook in Oregon

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Version 0.09 (2024-05-26 08:56:45.989000)

updates: Updates on Massachusetts economy and concerns over softening

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Version 0.08 (2024-05-17 15:54:07.237000)

updates: Michigan's job gains projected, but real disposable income growth remains tepid

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Version 0.07 (2024-04-29 14:52:15.376000)

updates: Updates on Michigan's GDP, inflation, and recent events

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Version 0.06 (2024-04-22 18:22:16.610000)

updates: Michigan's long-term economic decline and poverty projection

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Version 0.05 (2024-01-11 22:16:54.466000)

updates: Positive signs for West Michigan economy

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Version 0.04 (2023-12-29 12:03:10.055000)

updates: Positive signs in Michigan's economic situation

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Version 0.03 (2023-12-08 02:44:28.476000)

updates: Includes an interview with Justin Wolfers on US economic outlook

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Version 0.02 (2023-11-20 15:00:46.977000)

updates: Updated information on US and Michigan economic outlook

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Version 0.01 (2023-11-17 21:06:08.785000)

updates: Updated information on economic outlook for Michigan

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Version 0.0 (2023-11-17 18:00:48.901000)

updates:

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