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Job Losses Continue to Mount

by Aaron Klein on July 13th, 2009

As we begin to take action to protect students and employees by proactively making significant budget reductions at Sierra College, it’s worth taking a look at one of the major reasons we must act now and without delay.

jobs-chart

Unemployment reduces income and sales tax revenue immediately. It also accelerates foreclosures, and the high volume of foreclosures has swamped the real estate market such that property tax revenues may decrease year-over-year for the first time ever.

I’m going to write some more this week about our budget, but here’s the bottom line: the hole is deep, and it’s getting deeper. Failure to act decisively now will cause more Sierra College employees to be a part of that horrible red line in the chart above. We can’t let that happen.

» See the chart and read commentary from Calculated Risk

From → Sierra College

  • Hey, Aaron - today at church Ben Mavy confessed to me that he's obama4ever. :)

    I would have never guessed - but now that I know - it's the perfect fit. lol
  • Was hoping it was. Looked a little "Over the top," considering the author name. :D
  • Still contemplating the foolishness of the above comment - unless it's a joke. :)

    Hopefully it's understand that printing surplus money is actually one of the reasons we're in this poor economy...
  • I'm quite certain it was a joke. I have a sneaking suspicion I know who it was too. :)
  • obama4ever
    Why are you conservatives so obsessed with employment figures. The government should just print money and send it to all of us, then nobody would have to work.
  • Excellent thoughts Aaron. Dixie is right - we can't wait for the economy to change, we must be proactive.
  • Dixie Redfearn
    I think you are wise to take action now. The economy doesn't seem even close to an upswing, and you (and the college) need to be prepared if there are darker days ahead.
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