SENATE:HANDOUTS NOW, PAY LATER

The U.S. Senate has passed a package of 26 billion dollars in aid to states with legislatures that wouldn’t balance their state budgets–and Oregon is sure one of those.  Oregon gets 274 million dollars if the hastily-recalled U.S. House does likewise next week.  Most of the money goes to teachers and social programs.  Senate Democratic leaders attracted enough GOP support to pass the handout by promising to pay for it later with program cuts or new taxes.  The windfall is just half of Oregon’s expected revenue shortage for the next biennium, so state legislators still have tough choices to make early next year.

This entry was posted on Thursday, August 5th, 2010 at 4:43 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.