Skip to comments.Oregon revenue drops sharply, rips $563 million hole in state budget (raise taxes, lose revenue)
Posted on 05/28/2010 7:56:10 AM PDT by Ravi
SALEM -- Oregons stubbornly bad economy has left a huge hole in the state budget, distressed lawmakers learned today -- $563 million that must be cut from schools and other programs over the next year unless more money comes in.
The figure was reported during the quarterly economic and revenue forecast, delivered minutes ago to a somber gathering of House and Senate revenue committees.
The bad financial news means that either Gov. Ted Kulongoski or the Legislature must take steps to balance the current two-year budget, which
(Excerpt) Read more at oregonlive.com ...
Maybe they’d better stop euthanising their citizens!
How is that Hope & Change working out Oregon?
How is that “social justice” going?
Oregon is following the California model and of course getting the same result.
Why are schools the first place to start cutting?
Plug that hole!
“...distressed lawmakers learned today — $563 million that must be cut from schools and other programs over the next year unless more money comes in.”
No pay cuts for law makers or their bureaucRats?
I believe that Oregon cannot raise taxes without the vote of the people. Since there are so many ex-Californians living there, they will most likely agree to higher taxes.
There are very few log and 'chip' trucks on the roads. Frieghtliner (huge truck maker) shipped most of their manufacturing jobs to Mexico, computer companies are laying 1,000 people at a time.
Ahhh ... I love the smell of the New World Order in the morning (not)
So let’s raise taxes...for the CHIRRUN!!
Defund all environmental programs.
It looks like the looter socialists are finally running out of other people’s money.
Why not? Oregon is full of dems, and if there's one thing that Geithner, Daschel and Rangel have taught us, it's that dems don't pay taxes anyway
Those poor children in Oregon. Those poor, poor children.
Good place as anywhere. They are teaching nothing by communists socialism anyway.
But I thought they just all voted to raise taxes on the millionaires. Do ya think they left?
I’d love to see a “free-state” movement to Oregon of conservatives from California. I’d be there in a flash if I had the means. Heck, in Oregon you can even own a .50 BMG if you want, whatta concept!
They even got FREE gold there!
Yeah, that'll work!
Same reason a mugger puts a gun to your head.
Give them the money or something bad happens to someone you love.
If they cut something most voters didn’t care about they couldn’t squeeze more money out of taxpayers.
Surprise, surprise, surprise!
Hey Oregonians, are you running out of other people’s money?
After Oregonians passed Propositions 66 and 67, which raised both corporate and income taxes (on “high income” individual), other states have been recruiting Oregon businesses. See:
I wouldn’t be surprised if the well-to-do are moving out also.
The foolish citizens of Oregon are reaping what they have sown.
I’m waiting for them to CUT government spending, but I’m not holding my breath. HaHaHaHaHaHa - you bunch of fools.