Wednesday, March 25, 2009
The Oregonian - OregonLive.com - Portland,OR,USA
Two executive directors received retention bonuses in January: Neil McFarlane, executive director of capital projects, received a $25,000 bonus in addition to a $188,085 salary; and Steve Banta, executive director of operations, received a bonus of $15,000 in addition to a $181,892 salary. Both are subject to the planned two-week furlough.
More cuts announced
Because TriMet gets most of its revenues–55 percent–from the employer payroll tax, and with unemployment climbing, TriMet also announced today that it will cut an additional 3 percent throughout the agency for the FY10 budget. Those cuts could ultimately include staff layoffs, additional budget cuts, furloughs, but no additional service cuts will be considered until mid-May when there is additional information on actual payroll tax receipts for the first quarter. If additional service cuts are necessary, they would be proposed over the summer.