Oregon; General Obligation, State GO May 00

  • ID: 1754454
  • May 2000
  • Region: Oregon
  • Standard & Poors
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The rating on Oregon's GO debt reflects: The continued diversification of the state's economic base, A strong overall revenue performance that has largely offset increased costs of funding education, A manageable debt burden despite additional capital needs associated with growth, and Improving fund balances resulting from the receipt of greater-than-expected personal income taxes. Somewhat offsetting these strengths are continued increased funding pressures as a result of growth and tax limitation measures. Oregon, with a population of about 3.3 million, has benefited in recent years from a strong revenue performance resulting from its growing economy and expanding population and labor force. The state has diversified away from a heavy reliance on timber and agriculture to a broader mix of high-technology, service,...

Companies mentioned in this report are:
- Oregon

Action: Affirmed

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Research Type: Full Analysis

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