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News Release

Contact:    Robin Maxey                                                                  November 17, 2011

                   (503) 986-1605   

                   robin.maxey@state.or.us                                                             

Statement by Senate President Peter Courtney

On December 2011 Revenue Forecast

“Today’s forecast is disappointing, but not unexpected. The forecast was down in August and we expected this one to be down again. The key forecast for us will be the one we receive early in the February session, but we can’t wait until that point to act. It is critical that we urgently prepare to make adjustments to the budget in February – including a contingency for the worst case scenario.”