2B ܂ WEDNESDAY, JUNE 6, 2018 ܂ APPEAL TRIBUNE Glut of pot in Oregon is a cautionary tale Loose rules aimed to end black market now imperil small growers Gillian Flaccus ASSOCIATED PRESS Customers shop at Eugene, Ore., pot dispensary Amazon Organics in 2015. Three years after Oregon created the state’s legal marijuana program, prices in the state are in freefall and craft cannabis farmers are in danger of losing their businesses. ASSOCIATED PRESS FORM UR-1 NOTICE OF BUDGET HEARING A public meeting of the Silverton Urban Renewal Agency will be held on June 18, 2018 at 6:00 pm at 421 S Water, Silverton, Oregon. The purpose of this meeting is to discuss the budget for the fi scal year beginning July 1, 2018 as approved by the Silverton Urban Renewal Agency Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 306 S Water, Silverton OR, between the hours of 8:00 am and 5:00 pm. or online at: www.silverton.or.us. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as used the preceding year. Contact: Kathleen Zaragoza Telephone: 503-873-5321 Email: kzaragoza@silverton.or.us FINANCIAL SUMMARY - RESOURCES Actual Amount 2016-2017 $681,626 $17,420 $411,631 $1,110,677 TOTAL OF ALL FUNDS Beginning Fund Balance/Net Working Capital All Other Resources Except Division of Tax & Special Levy Revenue from Division of Tax Total Resources Adopted Budget This Year 2017-2018 $646,033 $39,027 $419,210 $1,104,270 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION $3,267 $225,430 $150,000 0 $731,980 $1,110,677 Materials and Services Capital Outlay Debt Service Contingencies Unappropriated Ending Fund Balance Total Requirements STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding July 1, 2018 $25,770 $25,770 LONG TERM DEBT Other Borrowings Total FORM LB-1 Approved Budget Next Year 2018-2019 $1,043,655 $56,425 $516,450 $1,616,530 $44,175 $695,095 $150,000 $215,000 $42,525 $1,222,360 $27,270 $324,375 $1,104,270 $1,616,530 Estimated Debt Authorized, But Not Incurred on July 1 $0 $0 NOTICE OF BUDGET HEARING A public meeting of the City of Silverton will be held on June 18, 2018 at 7:00 pm at 421 S Water, Silverton, Oregon. The purpose of this meeting is to discuss the budget for the fi scal year beginning July 1, 2018 as approved by the City of Silverton Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 306 S Water, Silverton OR, between the hours of 8 am and 5 pm or online at: www.silverton.or.us. This budget is for an annual budget period and was prepared on a basis of accounting that is the same as used the preceding year. Contact: Kathleen Zaragoza Telephone: 503-873-5321 Email: kzaragoza@silverton.or.us FINANCIAL SUMMARY - RESOURCES Actual Amount 2016-2017 TOTAL OF ALL FUNDS Beginning Fund Balance/Net Working Capital Fees, Licenses, Permits, Fines, Assessments & Other Service Charges Federal, State and all Other Grants, Gifts, Allocations and Donations Revenue from Bonds and Other Debt Interfund Transfers / Internal Service Reimbursements All Other Resources Except Current Year Property Taxes Current Year Property Taxes Estimated to be Received Total Resources 21,133,294 9,165,208 1,091,153 Adopted Budget This Year 2017-2018 22,080,349 9,465,931 1,338,823 Approved Budget Next Year 2018-2019 26,515,045 9,661,056 1,002,581 4,923,678 621,339 2,853,218 39,787,890 4,078,747 388,551 2,787,695 40,140,096 4,356,464 535,064 2,856,260 44,926,470 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services Materials and Services Capital Outlay Debt Service Interfund Transfers Contingencies Special Payments Unappropriated Ending Balance and Reserved for Future Expenditure Total Requirements 4,937,194 2,432,155 2,211,871 1,495,697 4,923,678 5,876,636 3,591,040 14,268,411 1,419,448 4,078,747 2,160,689 6,156,638 4,100,623 16,649,999 1,299,653 4,356,464 2,805,149 23,787,295 39,787,890 8,745,125 40,140,096 9,557,944 44,926,470 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * Name of Organizational Unit or Program FTE for that unit or program Administration FTE Finance Department FTE Police Department FTE Community Development Department FTE Public Works FTE Trolley Services FTE Extended Leave FTE Total Requirements Total FTE 349,689 2.60 384,070 3.63 2,088,045 19.38 344,418 3.40 1,717,806 20.84 53,166 1.47 0 0.00 4,937,194 51.32 383,826 2.80 427,915 4.00 2,382,483 19.76 446,263 3.70 2,029,070 21.72 82,499 1.47 124,580 0.49 5,876,636 53.94 406,911 2.80 450,397 4.00 2,466,155 19.76 484,226 4.20 2,135,570 21.72 85,558 1.47 127,821 0.49 6,156,638 54.44 STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANING* PROPERTY TAX LEVIES Rate or Amount Imposed 2016-17 3.6678 275,000 76,983 Permanent Rate Levy (rate limit 3.6678 per $1,000) Local Option Levy Levy For General Obligation Bonds Rate or Amount Imposed This Year 2017-18 3.6678 275,000 0 Rate or Amount Approved Next Year 2018-19 3.6678 275,000 0 PORTLAND, Ore. – When Oregon lawmakers creat- ed the state’s legal marijuana program, they had one goal in mind above all else: to persuade illicit pot grow- ers to leave the black market. That meant low barriers for entering the industry that also targeted long-standing medical marijuana growers, whose product is not taxed. As a result, weed production boomed – with a bitter consequence. Now, marijuana prices here are in freefall, and the craft cannabis farmers who put Oregon on the map decades before broad legalization say they are in peril of losing their now-legal businesses as the market ad- justs. Oregon regulators announced Wednesday they will stop processing new applications for marijuana li- censes in two weeks to address a severe backlog and ask state lawmakers to take up the issue next year. Experts say the dizzying evolution of Oregon’s mar- ijuana industry may well be a cautionary tale for Cali- fornia, where a similar regulatory structure could mean an oversupply on a much larger scale. “For the way the program is set up, (California) just wants to get as many people in as possible, and they make no bones about it,” said Hilary Bricken, a Los An- geles-based attorney specializing in marijuana busi- ness law. “Most of these companies will fail as a result of oversaturation.” Oregon has nearly 1 million pounds of marijuana flower – commonly called bud – in its inventory, a staggering amount for a state with about 4 million people. Producers told The Associated Press whole- sale prices fell more than 50 percent in the past year; a study by the state’s Office of Economic Analysis found the retail cost of a gram of marijuana fell from $14 in 2015 to $7 in 2017. The oversupply can be traced largely to state law- makers’ and regulators’ earliest decisions to shape the industry. They were acutely aware of Oregon’s entrenched history of providing top-drawer pot to the black mar- ket nationwide, as well as a concentration of small farmers who had years of cultivation experience in the legal, but largely unregulated, medical pot program. Getting those growers into the system was critical if a legitimate industry was to flourish, said Sen. Ginny Burdick, a Portland Democrat who co-chaired a com- mittee created to implement the voter-approved legal- ization measure. Lawmakers decided not to cap licenses; to allow businesses to apply for multiple licenses; and to im- plement relatively inexpensive licensing fees. Oregon’s Liquor Control Commission announced Wednesday it will put aside applications for new li- censes received after June 15 until a backlog of pend- ing applications is cleared. The decision comes after U.S. Attorney Billy Williams challenged state officials to address the oversupply. “In my view ... it’s a failing of the state for not step- ping back and taking a look at where this industry is at following legalization,” Williams told the AP in an in- terview. But those in the industry supported the initial deci- sions that led to the oversupply, Burdick said. “We really tried to focus on policies that would rein in the medical industry and snuff out the black market as much as possible,” Burdick said. Lawmakers also quickly backtracked on a rule re- quiring marijuana businesses to have a majority own- ership by someone with Oregon residency after entre- preneurs complained it was hard to secure startup money. That change opened the door to deep-pocket- ed, out-of-state companies that could begin consoli- dating the industry. The state has granted 1,001 producer licenses and had another 950 in process as of last week. State offi- cials worry if they cut off licensing or turn away those already in the application process, they’ll get sued or encourage illegal trade. Some of the same parameters are taking shape in STATEMENT OF INDEBTEDNESS LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total Estimated Debt Outstanding on July 1. $0 $10,657,106 $1,237,635 $11,894,741 Estimated Debt Authorized, But Not Incurred on July 1 $0 FORM ED-1 NOTICE OF BUDGET HEARING A public meeting of the Silver Falls School District 4J School Board will be held on June 11, 2018 at 7 pm at the Silverton Community Center; 421 S. Water St., Silverton, Oregon. The purpose of this meeting is to discuss the budget for the fi scal year beginning July 1, 2018 as approved by the Silver Falls School District 4J Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 612 Schlador St, Silverton, OR between the hours of 7:30 a.m. and 4:30 p.m. or online at silverfallsschools.org. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as the preceding year. If different, the major changes and their effect on the budget are: Contact: Steve Nielsen - Business Manager Telephone: (503) 873-5303 Email: nielsen steve@silverfalls.k12.or.us TOTAL OF ALL FUNDS Beginning Fund Balance Current Year Property Taxes, other than Local Option Taxes Current Year Local Option Property Taxes Other Revenue from Local Sources Revenue from Intermediate Sources Revenue from State Sources Revenue from Federal Sources lnterfund Transfers All Other Budget Resources Total Resources FINANCIAL SUMMARY - RESOURCES Actual Amount 2016-2017 $10,393,548 10,525,028 0 4,366,377 892,808 30,994,613 1,973,956 234,660 150,000 $59,530,990 Adopted Budget This Year 2017-2018 $9,020,408 10,478,875 0 4,592,600 800,000 34,217,975 2,265,000 1,500,000 1,500,000 $64,374,858 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Salaries $20,545,320 Other Associated Payroll Costs 12,200,157 Purchased Services 6,866,402 Supplies & Materials 2,268,155 Capital Outlay 3,345,696 Other Objects (except debt service & interfund transfers) 436,871 Debt Service* 5,262,374 lnterfund Transfers* 234,660 Operating Contingency 0 Unappropriated Ending Fund Balance & Reserves 0 Total Requirements $51,159,635 $22,039,925 14,438,721 7,863,625 2,369,130 3,630,000 537,241 6,846,800 1,500,000 2,386,976 2,762,440 $64,374,858 Approved Budget Next Year 2018-2019 $9,944,917 11,004,500 0 4,510,100 923,168 35,100,350 2,165,000 600,000 0 $64,248,035 $23,524,427 15,282,590 7,894,636 2,498,556 2,751,500 516,269 5,984,500 600,000 2,305,161 2,890,396 $64,248,035 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * 1000 Instruction $25,186,955 $28,469,306 $29,760,100 FTE 292.34 296.44 302.82 2000 Support Services 15,643,792 17,427,336 18,451,310 FTE 123.41 125.74 131.89 3000 Enterprise & Community Service 1,063,583 1,358,000 1,411,568 FTE 11.54 11.50 11.50 4000 Facility Acquisition & Construction 3,702,047 3,624,000 2,845,000 FTE 0.00 0.00 0.00 5000 Other Uses 5100 Debt Service* 5,328,598 6,846,800 5,984,500 5200 lnterfund Transfers* 234,660 1,500,000 600,000 6000 Contingency 0 2,386,976 2,305,161 7000 Unappropriated Ending Fund Balance 0 2,762,440 2,890,396 Total Requirements $51,159,635 $64,374,858 $64,248,035 Total FTE 427.29 433.68 446.21 * not included in total 5000 Other Uses. To be appropriated separately from other 5000 expenditures . Permanent Rate Levy (rate limit $4.5458 per $1,000) Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total PROPERTY TAX LEVIES Rate or Amount Imposed 2016-2017 $4.5458 Rate or Amount Imposed This Year 2017-2018 $4.5458 Rate or Amount Approved Next Year 2018-2019 $4.5458 $3,694,950 $3,802,650 $3,846,907 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. $31,480,000 $11,254,820 $2,131,061 $44,865,881 See POT, Page 3B Notice of Preliminary Determi- nation for Groundwater Registration Modification T-12494 T-12494 filed by Westwood Farms, PO Box 82, Saint Paul, OR 97137, proposes an addition- al point of appropriation under Registration Applications GR- 533 and GR-2814. GR-2814 al- lows the use of 0.668 cubic foot per second from a well in Sec. 11, T6S, R3W, WM for irriga- tion in Sects. 2 and 11, T6S, R3W, WM. GR-533 allows the use of 0.067 cubic feet per second from a well in Sec. 11, T6S, R3W, WM for irrigation in Sec. 11, T6S, R3W, WM. The applicant proposes an addition- al point of appropriation in Sec. 2, T6S, R3W, WM. The Water Resources Department proposes to approve the modifi- cation, based on the require- ments of ORS Chapter 540 and OAR 690-382-1000. Any person may file, jointly or severally, a protest or standing statement within 30 days after the last date of newspaper pub- lication of this notice, MM/DD/YEAR. Call (503) 986- 0807 to obtain additional infor- mation. If no protests are filed, the Department will issue a final order consistent with the preliminary determination. Silverton Appeal (2954694) 6/6, 6/13 You’re social? So are we. Join the conversation. PUBLIC NOTICES POLICY Public Notices are published by the Statesman Journal and available online at w w w .S ta te s m a n J o u r n a l.c o m . The Statesman Journal lobby is open Monday - Friday from 8 a.m. to 5 p.m. You can reach them by phone at 503-399-6789. In order to receive a quote for a public notice you must e-mail your copy to SJLegals@StatesmanJournal.com , and our Legal Clerk will return a proposal with cost, publication date(s), and a preview of the ad. LEGAL/PUBLIC NOTICE DEADLINES All Legals Deadline @ 1:00 p.m. on all days listed below: ***All Deadlines are subject to change when there is a Holiday. The Silverton Appeal Tribune is a one day a week (Wednesday) only publication • Wednesday publication deadlines the Wednesday prior Estimated Debt Authorized, But Not Incurred on July 1 OR-0000397241 LEGAL/PUBLIC NOTICE RATES Silverton Appeal Tribune: • Wednesdays only - $12.15/per inch/per time • Online Fee - $21.00 per time • Affidavit Fee - $10.00 per Affidavit requested