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
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Estimated Debt Authorized, But Not Incurred on July 1
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