Oregon economic forecaster says economy could be cooling

SALEM, Ore. (AP) — Oregon’s recent boom in tax revenue is coming to an end. That was the message from state economists Wednesday as they delivered the latest revenue forecast. Oregon Public Broadcasting reports that state economist Mark McMullen told lawmakers “not all of this revenue boom is sustainable.” Forecasters say that under an optimistic outlook Oregon will get $600 million more in the current two-year budget cycle than predicted three months ago. The more optimistic scenario is less rosy in future years when it predicts revenue growth will be less than predicted earlier this year. And forecasters warned there’s a possibility of a mild recession at the end of next year.