SAN FRANCISCO - The Oregon state economist last week reduced his 2009-11 general fund revenue forecast by $139.1 million, or about 1%, excluding the impact of new taxes.

The forecast shows that Oregon - which has the nation's fourth-highest unemployment rate at 11.9% - continues to suffer economically, but the decline has slowed markedly in recent months. Past forecast revisions required double-digit cuts to revenue forecasts.

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