Ore. town's bank balances got little attention
Tuesday, August 30, 2011
OAKRIDGE, Ore. (AP) -- A newspaper investigation has concluded that the Lane County town Oakridge has been plunged into a financial pit by spending that took little account of how much the town had in the bank and by financial books in poor shape.
In stories this week, the Eugene Register-Guard laid responsibility for a shortfall amounting to half a year's property tax revenue on City Administrator Gordon Zimmerman. And he acknowledges much of it.
A third of the city's workers have lost their jobs -- a dozen people. The city's finances are expected to be troubled for years.
Zimmerman has promised to resign once the mess is cleaned up, but angry residents in the town of about 3,000 want him out sooner. They've organized a recall drive against officials who back him.
Information from: The Register-Guard, http://www.registerguard.com