Salem-News.com Silverton articles Page 7

OCPP Finds that Cutting Income Tax on Capital Gains Would Harm Nearly All Oregonians

"Oregon's most serious economic problem is not sub par growth, but the growing gap between the haves and have-nots" - OCPP analyst Michael Leachman.

(SILVERTON, Ore.) - With the state having begun a top-to-bottom review of its tax system, a report released today makes the case that cutting the existing income tax on capital gains -- an idea often bandied about -- would harm all but the wealthiest Oregonians.

The report, prepared by the Oregon Center for Public Policy, identified seven reasons why giving special treatment to income from capital gains is a "terrible idea." It called the income tax on capital gains "the best player on the income tax team," generating strong revenue for the state during good economic times and providing support during downturns.

Silver Falls Bank Announces Stock Dividend of 7%

The Bank also has a wholly owned subsidiary headquartered in Salem, Silver Falls Mortgage.

(SILVERTON, Ore.) - The Silver Falls Bank Board of Directors declared an annual stock dividend of 7%, payable on February 15th 2008, to Silver Falls Bank shareholders of record on January 31st, 2008. This represents an increase over last year's stock dividend of 6%.

Silver Falls Bank, rated as one of the top Banks in America by the American Bankers Association, is an independent Bank with offices in Silverton, Oregon City and Salem.

Police Identify Pedestrian Killed by Hit and Run Driver

Anyone with information is encouraged to contact the Marion County Sheriff's Office.

(SALEM, Ore.) - A man who was struck down by a car at midnight on Monday in the 12000 Block of Silverton Road and then run over a second time, has been identified as 21-year old Kyle Andrew Rush of Silverton, Oregon.

A witness who stopped to assist Mr. Rush reported seeing a dark colored Chevy S10 pick up or Blazer type vehicle leaving the scene westbound on Silverton Road. Police believe that is the vehicle that struck Mr. Rush.

Body of Missing Silverton Man Recovered

Luke Troseth had been the subject of an ongoing search, officials believe he took his own life.

(SILVERTON, Ore.) - A missing Silverton-area man was found deceased Saturday afternoon by divers in the South Falls pool at Silver Falls State Park. Family members reported the man missing to Silverton Police on November 17th, and preliminary investigation indicates no signs of foul play and that he took his own life.

20-year old Luke Troseth has been the subject of a search by Oregon State Parks and Oregon State Police in the area of the park's south falls and surrounding area.

Silverton Teen Killed in Single Car Crash

Marion County Sheriff's Office investigators say it appears speed and slick road conditions were factors in the crash.

(SILVERTON, Ore. ) - A Silverton, Oregon teen was killed Thanksgiving morning in a single car crash.

The Marion County Sheriff's Office and the Silverton Fire Department responded to the report of a crash in the 18300 block of North Abiqua Road NE just after 2:00 AM. When crews arrived they found a 1994 Honda Civic had left the road and struck a large tree near the bank of Abiqua Creek.

Toppled Trees, Landslides Force Trail Closures at Silver Falls State Park

Although, visitors are not able to hike the loop in its entirety, all waterfalls are still viewable.

(SILVERTON, Ore. ) - A short section of Silver Falls State Park's Canyon Trail and all trails in the south side of the park will remain closed this weekend in the aftermath of a windstorm that toppled trees and created mini-landslides there earlier this week.

Approximately three quarters of a mile of the Canyon Trail, between its intersection with the Maple Ridge Trail near Lower South Falls and its intersection with a spur leading to Double Falls, sustained serious damage from fallen trees.

Police Seaching for Man who Tried to Abduct Silverton Teen

The man was described as white, 30 to 40 years of age, about 6 feet tall and 200 pounds with a heavy build.

(SILVERTON, Ore. ) - Residents of Silverton are being asked to help police locate a man who allegedly tried to kidnap a middle school student while she was walking home from school.

Police say the 13-year-old was on her way home from Mark Twain Middle School on Thursday when she saw a car following her slowly.

She told officers, that a man got out of the car, grabbed her, and pushed her against the vehicle.

Two Arrested for Meth and Two Taken Into Protective Custody

One teenager and one elderly male are in protective custody

(SILVERTON) - Two people were arrested Wednesday after Marion County Street Crimes Detectives served a search warrant at 407 Jersey St in Silverton. About 7:00 AM, the detectives, assisted by the Silverton Police Department, arrived at the house and began the search.

Inside the residence, detectives located several small bags of methamphetamine as well as materials used to distribute the meth. Also found were other narcotics and other drug paraphernalia.

New Study Finds Schools Spending Initiative 100 Percent Phony

(SILVERTON) - A study released today by the Oregon Center for Public Policy (OCPP) calls a school spending initiative that has been promoted by at least five candidates for the Oregon House of Representatives “100 percent phony” because it would not improve student performance. The candidates are Joan Draper, Dominic Biggi, Robin Brown, Shirley Parsons, and Terry Rilling.

The so-called “65 percent solution,” initiative petition 24 for the 2008 general election, requires that each Oregon school district spend at least 65 percent of its operating budget on classroom “instruction” expenditures.

New Study Finds Most Oregonians Pay For Federal Tax Cuts That Only Benefit the Rich

Under the current design, only the wealthiest Oregonians, those with an average annual income of almost $1 million, are winners.

(SILVERTON) - A new report finds that all but the wealthiest Oregonians will be worse off because of tax cuts enacted by Congress at the behest of the Bush Administration. The study, by the non-partisan Citizens for Tax Justice, analyzes the net impact on Oregonians at various income levels of deficit- financed tax reductions approved over the last six years.

“This report gives Oregonians compelling reason to insist on significant changes in our federal tax policy,” said Janet Bauer, policy analyst with the Oregon Center for Public Policy, a public policy research institute based in Silverton. “Since only extremely wealthy Oregonians will see a net gain from the tax cuts, most Oregonians should be concerned that they are helping to pay for tax cuts from which they ultimately do not benefit,” she added.