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Oregon Budget Woes Grow As Options Dwindle
Oregon officials say they don’t intend to borrow any more money to cover a growing state budget shortfall, something that will force lawmakers to choose between raising taxes during tough economic times or cutting state programs further. The state borrowed its way out of a bind for the current fiscal year by committing a decade’s […]
Oregon Voters Reject Tax Hike, Face Cuts
Oregon voters have rejected a ballot measure that would have raised their taxes for the next three years to head off planned cuts to education, law enforcement and other state programs. The measure failed by a margin of 55 percent to 45 percent, according to news media projections with more than 80 percent of the […]
Oregon Tax Hike Plan Faces Uphill Climb
Oregon voters are likely to reject a proposed $724 million temporary income tax hike in a referendum in January despite their selection earlier this month of Democrat Ted Kulongoski to be the state’s next governor. Kulongoski backs the tax increase, which he and other supporters say is better than the alternative of dealing with a […]