An initiative recently passed by the voters raised taxes on the wealthiest Oregonians to prevent massive cuts to programs for schools, the poor and the disabled. However, those cuts are being partially restored starting at the first of the new year which was also laid out in that initiative. It means although the state’s fiscal problems are just as bad as they were then, the tax cuts will, none the less, take effect.
The story is in the Oregonian. Click here.