Residents can expect to see higher property taxes in 2020, thanks to a proposed 2.4-per-cent tax increase next year, despite a relatively no-frills proposed budget.
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Monthly Archives: October 2019
Utility relocation construction underway on far northside
While construction is underway on new features at Legacy Regional Park, crews are preparing for two different projects immediately to its west.
Read more: https://bit.ly/2JvxQuk
Redcliff council officially signs on for gas well tax relief
The Town of Redcliff has approved a $2,100 tax refund to the City of Medicine Hat’s Gas utility as part of a provincial program to reduce the tax burden on natural gas producers.
Read more: https://bit.ly/2PrvpwN
CN doing urgent repairs to Levasseur railway crossing
CN Rail will be doing urgent repairs to the Levasseur railway crossing Wednesday.
Read more: https://bit.ly/2PwhxRV
City reports $42M in power plant profits
A second year of supersized power plant profits will give the City of Medicine Hat wiggle room to pay for a plan to ween the city budget off utility revenue, according to new mid-year financial statements.
Read more: https://bit.ly/2PsTTFI
Federal Reserve Cuts Interest Rates Again But Pauses Future Adjustments
Topline: In a widely expected move, the Fed continued its “mid-cycle adjustment” by cutting interest rates to the 1.5%-to-1.75% range on Wednesday, but also indicated that it would pause the monetary easing cycle before implementing additional rate cuts.
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Report: Real estate market still strong
There were 69 home closings reported for the month of September in Blaine County, according to the Sun Valley Board of Realtors Association.
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Weekly mortgage demand is flat as interest rates hit the highest level in 3 months
Mortgage rates moved to their highest level in nearly three months last week, giving homeowners little incentive to refinance their home loans.
Read more: https://cnb.cx/2Wq3nD6
Greg Brown: Rent Control Is A Failed Policy
“Rent control is a failed policy,” said Greg Brown, SVP for government affairs at the National Apartment Association, in the opening panel at GlobeSt Apartments in Los Angeles yesterday. Brown kicked off the two-day conference, speaking on the An Economic and Regulatory Briefing: What’s Possibly Ahead for the Multifamily Sector? panel, moderated by Ed Zimbler, senior managing director conventional organization at Berkadia.
Read more: https://bit.ly/2prYrS9
Major Dubai property developer Damac pulls dividend payments amid slump, admits it doesn’t have the cash
DUBAI — Dubai property developer Damac has cancelled its dividend payments, conceding slumping profitability and a weak market are crippling its operations.
Read more: https://cnb.cx/2WrFDi7