money
Posted inOpinion

If It’s Worth Doing, It’s Probably Going to Cost Something

A decision on Tax Increment Financing is a good thing—even while it affects other public budgets
The Source Staff

Last week, the Bend City Council voted 6-1 in favor of setting up Tax Increment Financing that will support the City’s Core Area Plan—effectively bringing in millions of dollars in funding to help revitalize areas of inner Bend that are ripe for more housing, more businesses and better infrastructure. Bend is growing—that’s not a secret—and […]

Posted inNews

The Slow Boat to Recovery

On the last weekend of June, the occupancy rate at local hotels and short-term rentals was at 92%. Will tourism keep Bend’s economy and city budget afloat?
Laurel Brauns

During the Great Recession, some believed tourism in Bend rescued the local economy. Travelers poured money into Central Oregon’s restaurants and coffeeshops, millhouses were transformed into profitable vacation rentals and national sports events attracted first-time visitors. Some visitors decided to relocate to the area, which reinvigorated the real estate market and construction industry. “As far […]

Posted inCulture

Two Grants Ask for Big Ideas

Oregon Community Foundation and Bend Cultural Tourism Fund grants now open for applications
Teafly Peterson

For local artists looking for opportunities to support their creative endeavors, check out these two. Bend Cultural Tourism Fund Perhaps one of the best byproducts of Bend’s tourism is the taxes that come from it—which get directly turned into art opportunities. The application for the Bend Cultural Tourism Fund, stemming from hotel/short term rental taxes […]

Posted inCulture

Financial Summit

Local author David Rosell shares the secrets of a wealthy life that extends beyond money
Laurel Brauns

David Rosell is a writer, traveler, financial planner and retirement “architect” who runs a boutique wealth management firm in downtown Bend, serving 100 clients from all over the U.S. He started his first business at 15, began saving for retirement (in lieu of buying a new car) at the age of 19 and has lived […]

Posted inNews

Starting theSavings Habit

For the Money Issue, locals share their tricks for adding coin to the proverbial piggy bank
Avatar photo Nicole Vulcan

You’ve likely heard some of the doom and gloom: 40% of Americans don’t have $400 cash on hand to pay for an emergency expense, says the Federal Reserve. In 2019, 69% of respondents in a GoBankingRates poll reported having less than $1,000 in a savings account, compared with 58% in 2018. Many average Americans are […]

Posted inNews

March for Students

2,000 people gather in downtown Bend in support of fully funding schools
Chris Miller

About 2,000 students, parents and teachers marched from Bend public schools and ended up at the Education Center on Wall Street Wednesday, during a rally to support funding for public education in Oregon. Similar rallies took place across the state. According to the Oregon Education Association, over 25,000 supporters gathered in Portland; Salem’s rally drew […]

Posted inNews

It’s Equal Pay Day!

…but it’s not exactly a reason to celebrate
Avatar photo Nicole Vulcan

You’ve probably heard the stats that women tend to earn roughly 80 cents on the dollar compared to their male counterparts. In Oregon, women earn an estimated 79 cents to the dollar, placing the state 27th out of the 50 states and the District of Columbia.  For Latinas and black women, that gap is even […]

Posted inNews

Oregon Attorney General Warns of Phone Scams

​Tips To Help Oregonians Avoid Fraud and Imposter Phone Scams
Angela Moore

Every year Oregonians lose thousands of dollars to telephone scams. Last year, Jeff D. from Silverton, Oregon, learned his aging father wired $1,300 to a scammer in Paris, Texas. The scam was simple. A caller told his father over the phone that he had won $350,000 and a GMC Denali. There was just one catch […]

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