JuneMembership ForumLuncheon withU.S.Representative LoriChavez-Deremer

Oregon5thDistrict

Sponsored By:

June 28th, 11:30am

Linn County Expo Center

Honest, accomplished, and committed, Lori Chavez-DeRemer was Mayor of Happy Valley from 2010-2018 where she led Oregon’s fastest-growing community. As Mayor, Lori presided over important changes in the city, making it more businessfriendly, offering more affordable housing options for families, and a safe place to build a career and raise a family

Her most important job, she’ll tell you, is a mom and a small businesswoman She’s married to her high school sweetheart, Dr. Shawn DeRemer, and supported the couple as he finished medical school. Later she helped Shawn found Anesthesia Associates Northwest and they now run several medical clinics throughout the Pacific Northwest.

Lori’s public service career began in 2002, serving on the Happy Valley Parks Committee, where she helped build the Happy Valley 4th of July Festival that it is today Later she won a seat on the Happy Valley City Council and became City Council President. She was elected to Mayor in 2010, becoming Happy Valley’s first female and Latina elected mayor. She was re-elected in 2014. In 2022, she was elected the U.S. House of Representatives to represent Oregon’s 5th congressional district. She is the first Latina and first Republican woman elected to Congress from the state of Oregon.

Lori and Shawn are now parents of twin daughters, who are making their own footprints in the world Annie works in the family health care business on the management side while Emilie is a public defender in Michigan

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ClintBlack,SmashMouth,GrangerSmith toheadlineLinnCountyFairacts

ClintBlack,SmashMouthandGrangerSmithwillheadlinetheMainStageentertainmentat theLinnCountyFairJuly13-15,2023attheFair&ExpoCenter.Ticketsarenowonsale.

Dates & Performers

July 20th: Debbie Gibson - July 27th: Spin Doctors

August 3rd: Home Free - August 10th: Foghat

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“Movement Mortgage is proud to have the opportunity to present a $10,000 donation to Furniture Share, we support and champion the work they are doing within the community and they align with our mission to Love and Value People.”

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The Office of Economic Analysis released its quarterly Economic and Revenue Forecast May 17. This is acritical forecast because legislators will use it to budget for the 2023-25 biennium.

JuneForecast:UpagaininaBIGway

Economists reported that they have seen stronger than expected economic output since the previous forecast, in March. Notably, every quarterly forecast since the first “COVID-era” forecast, now 12 in a row, has come in better –often much better – than expected. On the one hand, this is good news. On the other, it suggests that these forecasts should be taken with a grain of salt. In fact, state economists said during their May 17 presentationthat they were making methodological changes to the modeling.

Anincreaseofalmost$1.9billioninjustthreemonths

The June forecast shows strong economic and revenue growth in Oregon over the last few months. Economists continue to project slower growth going forward but also acknowledge a much different economic dynamic driving growth, both in Oregon and nationally. Inflation and borrowing costs (due to Fed rate increases)area dampening factor. But again, the state is seeing continued job strength, economic growth and incomingtax revenue. Economists also used the phrase “the new normal” this morning. Projected revenue for the 2021-23 session is up an astounding $1.87 billion since the March forecast. This will produce a much higher ending balance for the current biennium, greater reserves and a much larger kicker payout in 2024. With this forecast, the baseline General Fund revenue outlook for the 2021-23 biennium is expected to be $7.4 billion ahead of the 2021 “close of session” forecast used for the current two-year budget, which runs from 2021-23.

Endingbalanceandreserves

The ending balance for the current biennium is now expected to be $7.02 billion. Additionally, the Rainy DayFund is expected to be $1.35 billion, and the Education Stability Fund is expected to be $708 million, resulting in atotal effective ending balance and reserves of $9.06 billion.

The2023-25biennium

The net general fund and lottery revenue now forecast for the 2023-25 biennium, which will begin on July 1, is expected to be $31.9 billion, up $2.3 billion from the forecast three months ago. This is still more than$4 billion below revenues now expected as we finish the 2021-23 biennium. But it’s important to note that the 2023-25 forecast reflects the expected payout for the personal kicker, which will occur in 2024. It is also importantto remember that the $31.9 billion now projected in net general fund and lottery revenue for the 2023-25 biennium is more than $4 billion above what was used by lawmakers to budget for the 2021-23 biennium.

Bigkickerontheway

Based on continued revenue growth above earlier forecasts, state economists are now projecting a personal kicker of $5.5 billion to be credited in 2024 and a corporate kicker of $1.8 billion, which would go into state education reserve accounts.

AndCo

Anytime Fitness Albany

Art Plus Signs & Designs

Axis Electric, Inc.

Bailey Seed & Grain LLC

Bicoastal Media Willamette Valley

Blue Star Carpet Care, Inc.

Cascade Grill

CHANCE Recovery

Clayton Homes

Clotere, Bill

Coastal

Columbia Seeds, LLC

Edward Jones - Scariano

EyeCare Associates

Georgia-Pacific

Gray Farms, Inc.

Industrial Rebuilders Corp.

Jackson Food Stores

Jackson Street Youth Services

Kaufman, Bob, CPA, PC

Love's Travel Stops

Mid-Willamette Family YMCA

Movement Mortgage

Nutrien Ag Solutions, Inc.

Red Canoe Credit Union

Samaritan Albany General Hospital

Santiam Christian Schools

Southpaws

Visiting

Young of Willamette Valley

Willamette Valley Bank

Wyse, John

Group - Keller Williams