Oregon Revenue Hole at $180-million

Ore. forecast: Revenue lags by about $180 million
By TIM FOUGHT
Associated Press Writer

SALEM, Ore. (AP) - Oregon legislators have a budget hole of more
than $180 million to fix.

A revenue forecast they got Monday said income taxes collections
have been weaker than expected for the first eight months of the
two-year budget.

When they began a four-week special session last week,
legislators knew that a shortfall was ahead.

One measure to offset it is already working its way toward
approval. The legislation would cut the tax credits that have
spurred Oregon's wind farm industry by $50 million.

Legislators also expected to tap reserve funds, and the size of
the shortfall increases the chances they'll start trimming agency
budgets.

(Copyright 2010 by The Associated Press. All Rights Reserved.)