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Treasurer works to save money
W ith education funding becom ­
ing m ore critical and com plex,
S ta te T re a s u re r Jim H all has
stepped up his efforts to help both
the L e g is la tu re and O re g o n 's
school districts adequately fund
K.-12 education.
T reasurer Hill has introduced
legislation that will save school
districts m oney by allow ing the
districts to use the state's bond
rating w hen issuing debt.
The legislation, entitled the O r­
egon School Bond G uarantee Act,
allows districts to use the state's
AA rating, w hich is higher than
most rural and sm aller districts.
The bill, w hich has gained full
su p p o rt and p assag e fro m the
House Revenue C om m ittee could
save O regon schools $5 m illion in
the first year alone and as m uch as
$22 m illion in the first five years.
authors Margery Post Abbott and Carl Abbott
Formation o f the Columbia River
Gorge National Scenic Area more
than a decade ago started a w hirl­
wind o f controversy over land-use
planning and the politics o f local
versus federal control. Now, a re­
cently published book takes a com ­
prehensive look at the creation, m an­
agement and tenuous future o f the
Scenic Area, which continues to draw
both vociferous support and opposi­
tion.
Planning a New West, published
by Oregon State University Press,
outlines the bold effort in environ­
mental planning that led to the Sce­
nic A rea’s creation in 1986. Authors
o f the book are Carl Abbott and Sy
Adler, professors o f Urban Studies
& Planning at Portland State Univer­
sity, and marine transportation spe-
cialist/writer M argery Post Abbott
o f Portland.
The book appears at a time when
debate over future funding o f the
Columbia River Gorge Commission
rages among politicians and resi­
dents throughout the Pacific N orth­
west.
“This seemed like a natural project
to focus on— a bold experiment in
planning going on right in our own
backyard,” said Adler. This land-use
planning experim ent, the authors
note, remains a work in progress.
Former Oregon Senator Mark O.
Hatfield, a prime supporter o f legis­
lation creating the Scenic Area, said
the Area “is fundamental to our whole
concept o f land-use, in getting di­
verse interests together for consen­
sus building.”
Hatfield recently received a copy
o f the book at an informal meeting of
the authors and book officials at
Portland State’s College o f Urban
and Public Affairs. H atfield has
joined the College’s faculty as Dis­
tinguished Professor o f Government
and plans to guest lecture at PSU
within a number o f departments.
to sell lottery-backed bonds to fund
capital needs for schools. In 1994,
the Treasury cham pioned the use
o f lottery bonds when it issued
them for the W est Side Light Rail
Project in Portland. In fact, O r­
egon was the first state in the n a­
tion to back bonds with lottery
revenues.
"The treasury w orked closely
w ith m em bers o f the legislature to
work out the details o f this bond
program , and I believe it will be
very beneficial to O regon's school
children," Hill said. "The bond pro­
ceeds will be used for a variety o f
projects, including the purchase o f
land and buildings and technology
im p ro v e m e n ts. U p g ra d in g o u r
schools' com puters and technol­
ogy will be critical to giving our
kids a com petitive advantage in
today's fast-changing society."
Roosevelt
presents
cash awards
Former Oregon Sen. Mark 0. Hatfield (from left), Sy Adler, PSU professor and Planning A New West
Book looks at Columbia River Gorge
"As a state, we need to come
together and do w hatever we can to
see that all O regon children have
the best education possible," Hill
said. "The O regon School Bond
G uarantee Act has a single pur­
pose, and that is to save money. It
will allow schools to use that sav­
ings as additional resources to en­
hance the quality o f elem entary
and secondary education in O r­
egon."
T reasurer H ill also served as a
financial resource to m em bers o f
the House o f R epresentatives and
helped legislators develop a bond­
ing program contained w ithin the
H ouse's education budget.
M oney for the bonding program
com es from the Education Endow ­
ment Fund, w hich is m anaged by
the Treasury. T
he bonding program is designed
Students from Roosevelt High
School, participating in the PGE
Foundation's Current Exchange pro­
g ram , p re se n te d P o rtla n d a rea
nonprofits and school groups with
community grants at a reception on
Tuesday.
PGE Foundation C urrent E x­
change program is a Youth in Com­
munity Service program created to
Look no further than you Concordia
neighborhood. S t Michael's Lutheran Church
Early Childhood Center
offers a safe, Christian learning environment.
St. Michael's Preschool admits students of
anyrace, color, or national or ethnic origin.
For information on class sessions,
call the Church office at
282-0000
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