Oregon state economists estimate state revenues have dropped by $200 million

Oregon’s stuttering economic recovery could take a $199 million bite out of a precariously balanced state budget, lawmakers learned just moments ago.

The reduced estimate was mainly because of international and national events, such as European economic issues, the stock market drop and prolonged debate in Washington over the debt.

By Michelle Cole, The Oregonian

Full story: http://www.oregonlive.com/politics/index.ssf/2011/08/oregon_state_economists_estima.html