Oregon is still feeling for the bottom
The state may need a special session to deal with yet another shortfall, but lawmakers should resist their urge to empty budget reserves One, two, three, four, five, six, seven, eight, nine.
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#1 Aug 24, 2010
"But whatever they do, they must leave money in reserve. Oregon's unemployment rate remains stubbornly high, one of the worst in the nation. Job growth is nonexistent. The housing market, critical to the state's wood products industry, remains flat on its back. In the short term there is no reason to be optimistic about the Oregon economy or a recovery of state revenues. "
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