SAN FRANCISCO — Oregon voters approved $727 million of tax hikes Tuesday, keeping the state’s budget balanced amid a sharp economic contraction.

Measure 66, which increases taxes on households that earn more than $250,000 a year, was passing with the support of 54% of voters, according unofficial results listed on the Oregon secretary of state’s Web site. Measure 67, which raises business taxes, was leading with 53.3% yes votes.

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