Oregon; General Obligation, State GO May 00
- ID: 1754454
- May 2000
- Region: Oregon
- Standard & Poors
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,...
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