What's missing?

The front page of today's O trumpets, "OHSU approves 'bare-bones' 2009 budget."

This leads to the obvious questions: how much is the budget? And, if it's truly "bare-bones," how does it compare to the current amount?

So I read Ted Sickinger's story. I learn the institution will be "restructured," including at least 150 layoffs, and tuition will increase.

I learn OHSU will spend $375 million to expand the hospital, while putting off $30 million in maintenance (because we see how well that's worked with Portland Public Schools).

I learn it will lose $28 million this year, which is 2 percent of its $1.45 billion in revenue.

I learn the budget has some, um, ambitions assumptions, such as at least a 6 percent increase in revenues in each of the next four years, plus $12 million in new grants next year.

And I reach the end of the story. Not once does it inform us of the budget amount, or how it compares to 2008. Maybe I'm crazy, but doesn't that seem like a glaring omission?

Raise the tram fares!

So, the city of Portland is considering charging $4 per ride on the new aerial tram. The reason, according to city officials, is because construction and operating costs have increased by about 400 percent, and they don't want to subsidize any more than they have to.

(Never mind that they promised the fares would be less than half that amount, and Tri-Met users could show their bus and light rail passes to use the tram. Never mind the irony of being concerned about a $2 subsidy when they city is paying tens of millions of dollars more than it said would come out of city coffers.)

Personally, I say if it avoids further subsidies, they should set the tram fare at $4, if not more. And while they're at it, they should raise bus and MAX fares to erase subsidies. After all, Tri-Met's own numbers (PDF in link) show that they only recover about a quarter of their operating costs through fares.

Because there are different levels of fares, it's difficult to determine the necessary fare increase -- those Tri-Met numbers show an operating cost per boarding ride of $2.58 on the bus and $1.52 on MAX, with passenger revenue of 66 cents (bus) and 80 cents (MAX) per rider. However, if all fares were adult all-zone, the fare would increase to more than $6 per ride.

But they can't do that. It would hurt the poor. Of course, I guess the poor won't be using the tram -- it's just for the rich doctors on Pill Hill.