Statement by Oregon Governor Ted Kulongoski on Revenue Forecast

August 31, 2007 -- Salem – Today’s revenue forecast shows that Oregon’s economic recovery has delivered a triple bonus for working families.

Oregon’s hard-working tax-paying families will soon benefit from the largest middle-class tax refund in the state’s history. At the same time, we’re making record investments in education, and for the first time ever, putting nearly $1 billion in reserves to ensure we can protect our critical services during the next economic downturn.

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This good news comes after decades of living biennium-to-biennium. Working with the legislature, we’ve charted a new direction so that in good times, we’re able to invest, reserve and return the revenue dividends from a strong economy.

With a strong economic forecast, solid reserves and more money in the pockets of working families, Oregonians can feel secure that our state is back on the right path.

Source: Oregon Governor