Job Losses Continue to Mount
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.
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.
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.
Excellent thoughts Aaron. Dixie is right – we can’t wait for the economy to change, we must be proactive.
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.
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.
Was hoping it was. Looked a little “Over the top,” considering the author name.
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