Institute for Truth in Accounting - Oregon’s General Fund budget cut to 2007 levels, overall budget grows

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Oregon’s General Fund budget cut to 2007 levels, overall budget grows
Gov. Ted Kulongoski’s final approval over agency budget cuts has reverted Oregon’s General Fund spending to approximately 2007 levels. Oregon’s General Fund budget accounts for about 22 percent of the entire Oregon state budget.

From TheOregonPolitico.com:

Gov. Kulongoski approved cuts made Tuesday by state agencies to reduce Oregon’s budget by $577 million, in order to close the unexpected budget deficit announced last month.

Kulongoski used his “allotment authority” to make across the board cuts for every agency rather than calling the Legislature into a special session to make specific reductions. The cuts that go into effect starting on July 1^st will represent a 9 percent cut for the remaining year of the 2009-2011 budget. Read more.

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