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

                                                                        August 29, 2012

Statement By Senate President Peter Courtney

On September 2012 Economic & Revenue Forecast

“The good news is today’s forecast means we won’t have to make cuts in this current biennium’s budget.  As school kids prepare to return to classes next month, it’s good to know that the doors of our schools can stay open and that we won’t be forced to close prisons or cut services for seniors.

“Looking ahead to next session, today’s forecast makes it clear the coming biennium will present a whole new set of challenges. Our economy and revenue are growing, but not strong enough to keep up with our commitments.  In 2013, it will be critical that we prioritize the things that are most important to Oregonians – educating our children and providing healthy and safe communities.”

###