State Review: Oregon May 00

Standard & Poors, May 2000

Abstract
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

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Oregon

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