SALEM, Ore. (AP) — The budget cuts are about to begin at state agencies in Oregon.
The Department of Administrative Services has set targets for state agencies to cut $377.5 million needed to eliminate the latest projected shortfall in tax collections.
The Statesman Journal reports the pending cuts amount to 8 percent for the nine months remaining in the budget cycle, which ends June 30. They are on top of earlier 9 percent cuts.
Combined with a $577.1 million shortfall from the previous revenue forecast, the total comes to almost $1 billion less than planned in the current two-year budget.