Unionized State Workers Set to Receive Raise on Wednesday, but Should They?

The Statesman Journal newspaper reminded Oregon taxpayers today that unionized state employees are set to receive a 4.75% raise as of Wednesday, September 1st.

The Statesman Journal newspaper reminded Oregon taxpayers today that unionized state employees are set to receive a 4.75% raise as of Wednesday, September 1st.

The Oregon State Economist spoke with legislators in Salem, warning them of a nearly $400 million budget shortfall since the last forecast in January, 2010.

Nearly 110,000 Oregonians will benefit from an unemployment compensation program enacted by Congress today. The president signed The Unemployment Compensation Extension Act of 2010 into law this afternoon.
The new law will bring $350-$400 million dollars into Oregon’s economy in the form of unemployment benefits. These funds are used to support families and communities and keep [...]

The state of Oregon received $3.85 million due Oregon residents from the FDIC as a result of Washington Mutual bank (WaMu) going into receivership in September of 2008.
Though Chase bank assumed most of WaMu’s active accounts, the FDIC is handling the accounts that appeared to be inactive – those with no record of a deposit, [...]

State Economist Tom Potiowsky told legislators today that Oregon’s recession is likely over, but current job growth is too weak to overcome losses for the year.
In a presentation of the May economic and revenue forecast to the legislature’s revenue committees, Potiowsky said state general fund revenues for 2009-11 are down $511 million from the March [...]

ThePortlander is “for Portland, by Portland” and dedicated to delivering only the news locally relevant to you. Additionally, we recognize that business and finance is essential to any region, providing jobs, a tax base and even quality of life.
In an effort to capture the business heartbeat of the Portland area, ThePortlander is happy to announce [...]