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Oregon avoids budget deficit thanks to strong corporate profits and consumer spending, but long-term fiscal challenges remain.
Oregon has reversed a projected budget deficit due to stronger-than-expected corporate profits and increased consumer spending, according to state fiscal officials.
The improved revenue outlook has helped close the gap in the current fiscal year, but long-term budget challenges persist, including rising costs for healthcare, education, and public safety.
Lawmakers are expected to continue reviewing spending priorities as they prepare for the upcoming legislative session.
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Oregon evita el déficit presupuestario gracias a las fuertes ganancias corporativas y el gasto del consumidor, pero siguen existiendo desafíos fiscales a largo plazo.