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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 14, 2009

Page

3

Odessa Chamber Budget Cuts to 653221 In Odessa

The Odessa Chamber of Commerce trims its proposed budget by 7899 to 653,221 while keeping total expenditures at 12,395,567 as funds shift to the business incentives budget. City policy forbids pay raises next year, Assistant City Manager James Zentner said, with council still to approve. Russell Subia’s swearing in boosted quorum and productivity as he joins the board, taking a seat on the enterprise zone committee. Robert Sanchez is named to the budget finance and audit committee, and the chamber keeps its investment policy and general development plan.

Odessa Chamber of Commerce Finance and Audit Committee Chamber City of Odessa James Zentner ODC Zentner Russell Subia Subia City Council 32 Jim Breaux

Retail sales slide in July signaling slow recovery

A July report showed overall U.S. retail sales down 0.1 percent with autos up on Cash for Clunkers alone. Ex autos fell 0.6 percent, gas stations and department stores suffered as unemployment and tighter credit kept shoppers cautious. The Fed said the economy was leveling out while jobless claims rose.

Washington Commerce Department

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