State Capitol
Press Release
May 29, 2008
Statement by Governor Ted Kulongoski on Revenue Forecast
 
(Salem) – “Today’s revenue forecast delivered positive news for the citizens of Oregon . 
 
“Recognizing that Oregonians are feeling the crunch of rising food costs, increasing fuel prices, and an uncertain national economic outlook, it is critical that we continue to budget with prudence, build our reserves and target our investments in our state’s greatest asset – its people.
 
“We took smart fiscal steps last quarter and budgeted for slow economic growth. Now our state revenues are back on a steady path.
 
“While this increase in revenues is a positive turn for Oregon, it is not a signal that we should abandon the path of fiscal responsibility that we charted with the creation of a Rainy Day Fund.   If anything, this upward trend in Oregon provides us with the opportunity – and responsibility – to grow our reserves in order to provide greater fiscal stability for Oregon’s future.
 
“Working with the legislature, we will continue to invest in education, health care and living wage jobs.  And we will continue to focus on creating greater economic opportunities for the citizens of Oregon.”
 
Contacts:
Anna Richter Taylor, 503-378-6169
Rem Nivens, 503-378-6496
Jillian Schoene, 503-378-5040
 

Page updated: June 05, 2008


This is not current information. It was mirrored by the Oregon State Archives from Oregon.gov on 1/10/2011. Links and forms may not work properly. Oregon.gov header and footer information has been removed to eliminate confusion between current and archival information. Page updated references refer to dates of original update and display, not to the date of this archival website copy.