Oregon lawmakers this week outlined a plan to close the $800 million gap in the state’s 2007-2009 biennial budget.

The plan was proposed by the Legislative Assembly’s Ways and Means Committee co-chairs, Rep. Peter Buckley, D-Ashland and Sen. Margaret Carter, D-Portland. It relies on $360 million of cuts in education and other programs, $330 million of federal economic stimulus aid, and $126 million of interfund transfers and fund balance spending.

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