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  • Oregon may hike tax to close budget. Republicans cave.

    09/03/2002 8:37:07 PM PDT · by Jack Black · 63 replies · 616+ views
    The Oregonian ^ | 9/3/2002 | HARRY ESTEVE
    Borrowing, income tax are options for House 09/03/02 HARRY ESTEVE Democrats 32-28 -- was far from certain. Even the chairman of the committee working on the proposal, Rep. Ben Westlund, R-Bend, called it "half a plan." Try Our Classifieds The Legislature is meeting in a record fifth special session of the year to deal with a $482 million shortfall caused by plummeting tax revenues. With the borrowing plan Simmons supports, a little more than half the shortfall would be covered by selling cigarette tax bonds. State agencies would have to trim their budgets to cover the rest. A second option...