Oregon revenue: down by $35 million

Portland Business Journal:

While Oregon state economists have revised the state’s budget downward, lawmakers believe the adjustment is small enough that the state can easily absorb the hits.

The state has revised its revenue forecast lower by $35.1 million for the 2011-13 biennium and by $15.8 million for the 2013-15 biennium.

State budget writers in the House crafted a plan last week that, lawmakers said, would have allowed the state to cut between $50 million and $80 million from the budget if the forecast called for it...

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