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Budget deal raids reserve accounts.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 28-FEB-03 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Budget deal raids reserve accounts.(Legislature)(Lawmakers near agreement on plan to restore some cuts using borrowed funds)

Article Excerpt
Byline: David Steves The Register-Guard

SALEM - Anxious to close the book on one of Oregon's most painful budget cycles, lawmakers and Gov. Ted Kulongoski spent Thursday closing in on a half-billion-dollar deal that relied mainly on borrowing money and raiding assorted reserve accounts.

At the same time, legislators prepared to restore previously approved cuts to human services, public safety and courts, some of which will go into effect today.

After a full day of closed-door negotiating, Republican and Democratic leaders from both the House and the Senate said they were nearing agreement on a plan that taps as much as $518 million to keep the budget balanced for the final four months of the 2001-03 spending cycle.

"I think everyone has got extreme indigestion," Senate Republican Leader Bev...

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