OR city may hold surplus sale to mend budget hole
Thursday, September 15, 2011
OAKRIDGE, Ore. (AP) -- City leaders at Oakridge have declared several city properties surplus, giving them the option of putting them on sale to fix a budget shortfall.
The Eugene Register-Guard reports (http://bit.ly/rmXLOE) that city revenue in Oakridge has dropped from $1.2 million to $200,000 in the last two years. The city budget currently has a $420,000 deficit.
In total, 10 properties were declared surplus and are assessed to be worth $1.1 million. The properties include the Willamette Activity Center, which is home to a Department of Motor Vehicles office, senior and disabled services, the Oakridge Food Box and other social service programs.
However, the city council punted a decision on paying an accounting firm analyzing the city books to determine how the sharp budget drop happened.