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compounded by substantial construction cost <br /> escalation that has been buffeting the <br /> Agency's budget that reduces the purchasing <br /> <br /> power of a construction dollar over the past <br /> four to five years. <br /> In sum, gross revenues are projected to grow <br /> at an annual average rate of 2.1 percent out <br /> <br /> through FY15, as the Oregon economy <br /> regains its projected longer-run growth path. <br /> This is not materially different than in the <br /> <br /> prior forecast ending in FY13, <br /> notwithstanding the revenue erosion we are <br /> forecasting in FYO9 and FY 10. <br /> v <br /> <br />