[Comm-Council] FW: NEWS RELEASE: Statement by Governor Ted Kulongoski on September Forecast

Thu Aug 28 10:53:10 PDT 2008

________________________________

From: GOVERNORS Press [mailto:Governors.Press at state.or.us] 
Sent: Thursday, August 28, 2008 10:50 AM
Subject: NEWS RELEASE: Statement by Governor Ted Kulongoski on September
Forecast

Theodore R. Kulongoski

          Governor

NEWS RELEASE______________

FOR IMMEDIATE RELEASE

August 28, 2008

Anna Richter Taylor, 503-378-6169

Rem Nivens, 503-378-6496

Jillian Schoene, 503-378-5040

Statement by Governor Ted Kulongoski on September Forecast

Salem - "Oregon has held steady during the national economic uncertainty
of the last several months, but as we saw with last month's unemployment
numbers, this quarter's revenue forecast is a reminder that we are not
insulated from national economic trends.

"As today's numbers show, the uncertainty about our national economic
health remains a threat to Oregon's economic health.  Rising energy
prices, increasing costs of health care, and instability in the housing
market are impacting consumer confidence and putting pressure on both
national and state economic growth.

"Oregon is still faring better than many states in the nation, but we
must proceed with prudence and prepare ourselves for tough choices in
the next budget cycle.

"As I have said before, I still believe Oregon has positioned itself to
come through this economic downturn stronger than we entered because of
critical investments we have made in education, living wage jobs,
transportation infrastructure and building a solid reserve fund to
provide fiscal stability for the future.

"While this economic slowdown is lasting longer than originally
anticipated, we can and will get through this difficult period, as
Oregonians always do, by working together and remaining committed to
investing in our state's greatest asset - our people."

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