This content was published: May 18, 2009. Phone numbers, email addresses, and other information may have changed.
Blog: Big day, big numbers
Story by Dana Haynes
Watch this space.
In a few hours, two crucial sets of numbers will be released for Oregon. The first is the unemployment figures for the second quarter of the year. The other is the proposed budget by the co-chairs of the budget-writing Ways and Means Committee.
The unemployment numbers are vital because Oregon relies so heavily on income taxes and not at all on a sales tax. Oregon鈥檚 unemployment rate went through the roof between March 2008 and March 2009, rising from 5.5 percent to 12.1 percent; the second highest in the nation following Michigan.
(Note: It鈥檚 not that that many Oregonians were laid off. Economists attribute the rise to retirees watching their 401(k) nest eggs evaporating and returning to the job market. That, plus more people moving to Oregon from other states.)
The second number to be released in a couple of hours is the co-chairs budget, which will include a 2009-11 budget for the 17 independent community colleges. The budget for 2007-09 was $500 million. The 小黄猫传媒 Board of Directors last month OK鈥檇 a budget for the coming two years based on a likely state budget of $428 for the 17 colleges.
We鈥檒l see how good our board鈥檚 crystal ball is. And I鈥檒l report it right here.
More news on 小黄猫传媒 and the 2009 Legislature.
About Dana Haynes
Dana Haynes, joined 小黄猫传媒 in 2007 as the manager of the Office of Public Affairs, directing the college's media and government relations. Haynes spent the previous 20 years as a reporter, columnist and editor for Oregon newspapers, including ... more »