Oregon Faces $700 Million Budget Gap

, Posted: Wed, November 21 2012 at 8:04 AM, Updated: Wed, November 21 2012 at 8:08 AM

Budget cuts are in Oregon's future as the state has projected a nearly a $700,000,000 gap.

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 dollar gap in 2011.

However, the state's manufacturing and housing sectors are looking promising and economists expect recovery to begin at the beginning of 2013.

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