Budget shock in Oregon – deep education cuts are likely

Oregonians made headlines in January when they approved $727 million in tax hikes on corporations and the wealthy. Supporters said the move was necessary to avoid perilous budget cuts to schools, which in some parts of the state already are operating on four-day weeks.

But this week, Oregon fiscal analysts dropped a new bombshell on lawmakers and voters alike: Due to weak income tax collections, a fresh, $563 million hole has opened in the budget, and deep education cuts are likely.

By John Gramlich, Stateline Staff Writer

Full Story: http://www.stateline.org/live/details/story?contentId=487985