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|Friday, May 04, 2012|
Portland Mayor Sam Adams released his proposed budget for the next fiscal year.
The total general fund, discretionary budget is around $400 million. It reduces general fund spending by $14.7 million. The proposed budget does not tap into the city's reserves, however, something Adams says would have threatened the AAA bond rating that keeps interest rates low on bond sales.
Adams says the cuts are required because of the lingering recession that has reduced property tax, business license and other general fund collections. Adams says the cuts are not as steep as they might have been because the City Council has reduced spending since the recession began in 2008.
In a last-minute decision, Adams is proposing to give $7.5 million to school districts within the city limits to help offset proposed budget cuts, including $5 million to the Portland Public Schools. Of that amount, $7 million comes from the general fund and $500,000 from other sources.
Read more at The Portland Tribune.
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Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.
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Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.
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In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
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Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.