The Oregon Business Plan calls for a strong state reserve fund.  Policymakers have the opportunity to make that happen this year with a series of bills proposed by Senators Frank Morse (R) Albany and Ginny Burdick (D) Portland.  The Oregonian Editorial Board made the case this weekend:
http://www.oregonlive.com/opinion/index.ssf/2011/04/will_this_state_ever_save.html