Now look at Portland, Oregon. Commercial real estate has cratered. Losing population to Idaho. Taxes are high, so workers are moving across the state line to Washington (but Oregon has no sales tax). Plus major homeless population with open-air drug use, forcing retailers to shutter stores. What it will take for the raters to do a downgrade?
Now look at Portland, Oregon. Commercial real estate has cratered. Losing population to Idaho. Taxes are high, so workers are moving across the state line to Washington (but Oregon has no sales tax). Plus major homeless population with open-air drug use, forcing retailers to shutter stores. What it will take for the raters to do a downgrade?
So I'm guessing Oregon is still getting plenty of tax revenues (for now)
The question is: for how long?