Office of the Senate President 900 Court St., N.E., Room S-201 Salem OR  97301 www.leg.state.or.us/senate/senpres

News Release

                                                                        February 15, 2013

Statement by Senate President Peter Courtney

On Quarterly State Revenue Forecast

“This forecast is a net gain and every penny certainly helps. We will ask the co-chairs to use these numbers as they draft their budget in the next few weeks. The sun is shining in Oregon. There are still some clouds, but our economy is growing. I think we will see that in our next forecast in May.” – Senate President Peter Courtney (D-Salem/Gervais/Woodburn)

Note to editors: The Oregon Office of Economic Analysis latest quarterly Economic and Revenue Forecast  was released Friday morning.  The forecast projects state revenues will increase in the current biennium by $162.3 million and decline in the 2013-15 biennium by $74 million. The net result is an additional $87.1 million available for the 2013-15 biennial budget.

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