Group wants Measure 66 tax hikes renewed

Portland Business Journal:

A Silverton-based think tank maintains the state should renew the top tax rates enacted in 2010’s Measure 66.

The Oregon Center for Public Policy, in noting that the rates expire in 2012, said Friday the state could lose out on $134 million in revenue. State economists said this morning that the state’s general fund is about $192 million lower than they’d projected on June 30, when Oregon’s 2011 session expired.

“Lawmakers need to protect schools, universities, health services and the many other public structures that create economic opportunity when addressing a revenue shortfall,” said Charles Sheketoff, the center’s executive director, in a statement...

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