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11-21-12 STATE FACING $700 MILLION DEFICIT

Nov 21, 2012 -- 11:01am
Budget cuts are in Oregon's future as the state has projected a nearly $700 million deficit. The loss comes from the general fund and the lottery and will impact some government services. However, the state has seen worse, facing a $3.5 billion gap in 2011. There is some good news. The state's manufacturing and housing sectors are looking promising, and economists expect recovery to begin early next year.

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