The state of Oregon’s revenue picture is nothing short of stunning. It could be bulging with $1.8 billion more in its two-year budget than it had expected in February. Income taxes surged.

The state budget picture was already looking a rosy shade of rosy before the most recent budget projection. The $2.6 billion from the American Rescue Plan Act was going to fill what had been anticipated to be a $1.3 billion budget gap.

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