Wednesday, March 25, 2009
TRIMET GETS WHAT IT PAID FOR
Review finds no fault in TriMet's dealings with failed railcar maker
The Oregonian - OregonLive.com - Portland,OR,USA
The Oregonian - OregonLive.com - Portland,OR,USA
BONUS BONUS BONUS!!!!!!!!!!!!!!!!
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.
TRIMET STRUGGLING...
http://trimet.org/news/releases/mar25_servicecuts.htm
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.