SALEM, Ore. — President Donald Trump's " One Big Beautiful Bill " is projected to take a significant bite out of Oregon's budget, according to the latest quarterly revenue forecast from the state Department of Administrative Services (DAS), which projects an $888.2 million decrease in General Fund revenue for the 2025-27 biennium stemming from the passage of HR 1, the formal title of the Trump bill.

The loss is slightly offset by state-level changes such as a small increase in projected business tax revenue, but the net result is still a loss of about $621 million in general fund dollars. The decrease tips the 2025-27 biennium into negative territory, with a projected general fund deficit of $373 million.

The reason the Trump bill has such an immediate and precise impact is because O

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