Gov. Bill Owens is pledging to work to lead the state back to economic prosperity and improve water supplies amid the drought.

Owens made his comments Tuesday as he was inaugurated for a second four-year term.

Owens says he has kept the promises he made during his first inauguration four years ago: to make schools more accountable; to improve the state transportation system; and to cut taxes.

The governor will outline his legislative priorities for the next year in his State of the State address on Thursday.

Owens is expected to discuss plans to revive the state's economy and balance this year's budget.

Owens won re-election by a 2-to-1 margin in November.

kktv.com Extended Web Coverage

Gov. Bill Owens

• Bill Owens was sworn in as Colorado’s 40th governor in 1999.

• First elected to serve as Governor Nov. 1998.

• Owens has been married to Frances Owens for 27 years and they have three children.

• Gov. Owens received a Master’s degree in public administration from the Lyndon B. Johnson School of Public Affairs at the University of Texas.

• Owens worked for 20 years in the private sector. He was part of the consulting staff of Deloite and Touche and was director of a trade association with Gates Corporation.

• Owens is an expert on Soviet affairs and writes and has given lectures in Russian.