Some wildly inaccurate budget information has been attributed to the Secretary of

State's office in recent days and I need to set the record straight.

The Comprehensive Annual Financial Report issued by my office last week does not

identify $3.3 billion in unrestricted funds available to the Legislature, as some recent

statements have claimed. This information has been taken out of context and fails to

reflect the actual status of these funds.

Make no mistake about it: these dollars are subject to federal restrictions as well as

statutory and constitutional spending constraints. These include transportation funds

that cannot, under the law, be spent for general fund purposes, such as schools and

prisons. Expenditures from these funds can be made only for specific purposes and only

under strict guidelines.

At this critical point in the election process, with ballots now in the hands of voters, it is

more important than ever for voters to have accurate information. Anyone providing

information about state spending to help voters has an obligation to provide an honest

and fair representation. Oregonians deserve nothing less.

Here is a link to the report: http://www.sos.state.or.us/audits/reports/full/2009/2009-34.pdf