Oregon Tax Revenue Cuts

, Posted: Thu, February 9 2012 at 8:07 AM, Updated: Thu, February 9 2012 at 8:08 AM

Oregon is now facing a 35 million dollar shortfall in projected tax revenue this year.

Officials say the amount isn't likely to require cuts beyond those recommended by key legislators.

The cut was driven primarily by slower-than-expected growth in personal income tax collections.

Now-- the $35 million brings the total expected budget shortfall to $341 million.

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