Home
Share |

Content about Economics

April 17, 2013
City Council takes action to save citizens more than $800,000

The Morgan City Council this week took action to save tax payers more than $800,000 in interest over the next fifteen years.  

The Morgan City Council this week took action to save tax payers more than $800,000 in interest over the next fifteen years.  

July 18, 2012
Housing market rebounding slowly

 
Promising statistics signal a housing market on the rebound, but economic headwinds are keeping markets from improving quickly, according to Harvard University’s annual State of the Nation’s Housing report, released on Thursday. “With new home inventories at record lows, unless the broader economy goes into a tailspin, stronger sales should further stabilize prices and pave the way for a pickup in single-family housing construction over the course of 2012,” said Eric S. Belsky, managing director of Harvard’s Joint Center for Housing Studies, in a news release. 

Promising statistics signal a housing market on the rebound, but economic headwinds are keeping markets from improving quickly, according to Harvard University’s annual State of the Nation’s Housing report, released on Thursday.

July 19, 2011
School Board Struggles to Cover Transportation Deficit

The Morgan County School Board struggled on Tuesday night to find a solution to a shortfall of more than $100,000 in transportation funds caused by the increase in fuel costs.  The largest challenge is the overruns caused by picking children up for school and dropping them off.  A secondary issue is the number and length of trips taken by activity organizations (sports, band, choir, etc) and field trips at the elementary and middle school.

 

July 7, 2011
Land Owner and Developer Frustrated by County Council

he county council has been negotiating with the developers of Rollins Ranch for many months.  The owners of lots in the subdivision are caught in the middle of this ongoing problem of an unfinished subdivision that has not been accepted by the county, but has homes that have been constructed.  

 

February 18, 2011
School District Receives Interest Free Loan

At the School Board Meeting on Tuesday night the school board local building authority approved the issuance of $4 million in bonds for the school building projects.  The bonds will be purchased by Zions Bank.  The bank has agreed to purchase them at the same rate as the subsidized rate under the federal government program used for the bonds.  This means that the school district will be getting interest free money.

September 14, 2010
City Moves Closer to New Road Bond

In a public hearing on Tuesday, with no public comment, the city made the final steps to approve at $101,000 road bond.  The city is bonding under the Build America Program made available from the Federal Economic Stimulus plan.  Under this plan the city can borrow at a discounted rate. 

In a public hearing on Tuesday, with no public comment, the city made the final steps to approve at $101,000 road bond.  The city is bonding under the Build America Program made available from the Federal Economic Stimulus plan.  Under this plan the city can borrow at a discounted rate.