| Press Release |
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| August 27, 2009 |
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Statement by Governor Kulongoski on September Revenue Forecast
(Salem) – “Today’s report on the state revenue forecast indicates that we have started to level off from previous steep revenue losses, which is good news and indicates the recovery is on its way. However, this report also indicates that the recovery before us will be long and slow, which calls for continued discipline and prudence on behalf of all state government and the legislature.
“Because of legislative leadership and the federal American Recovery and Reinvestment Act, we are able to make continued investments in public works projects, such as transportation and other public building construction, as well as in the expansion of health care and continued investments in Oregon’s green energy sector – all key to job growth and economic recovery.
“I am cautiously optimistic, though I also believe we must tread cautiously and wisely going forward. While our budget remains balanced today, the potential for ballot measures during a special election in January puts that in greater jeopardy, creating a significant hole in the state budget that would result in serious cuts to education, public safety and human services.
“As I stated when the legislature adjourned in June, the session is over but our work is not done. We must continue to work together to manage this recession and slow growth period so Oregon is prepared for strong growth when an economic rebound does occur.”
Contact:
Anna Richter Taylor, 503-378-6169
Jillian Schoene, 503-378-5040
Rem Nivens, 503-378-6496
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