Governor Kitzhaber released the following statement on the November 17, 2011 Revenue Forecast:
"This revenue forecast is not a surprise given ongoing economic uncertainty. I had hoped Oregon's recovery would be further along by now, but we planned for this possibility and have reserves set aside. I am working with the bipartisan legislative leadership to jointly produce a budget framework for the upcoming short February session. In the meantime, it is absolutely essential that we continue our efforts to get the private sector economy going, and I'm employing every tool available to get Oregonians back to work.
I have said all along that the budget must be managed throughout the biennium, and I have asked state agencies to implement the following cost-saving measures:
* Nearly all state agencies, including my own office, have been directed to manage their budgets not expecting to receive the 3.5 percent hold back that was implemented at the beginning of the fiscal year.
* The largest agencies are implementing some variation of a limited or delayed hiring freeze.
* We have been employing agency-specific cost-saving strategies including limited travel and training, changing purchasing patterns to reduce costs, and delaying expenditures where possible.
The 2012 February forecast will further clarify what steps will need to be taken to re-balance the budget, while we work to protect the services Oregonians rely on."