Various funds – Internet Wealth Zone http://internetwealthzone.com/ Sun, 28 Nov 2021 11:43:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://internetwealthzone.com/wp-content/uploads/2021/07/icon-2021-07-02T225716.250.png Various funds – Internet Wealth Zone http://internetwealthzone.com/ 32 32 Own shares in a managed fund? Here’s how it affects your tax return https://internetwealthzone.com/own-shares-in-a-managed-fund-heres-how-it-affects-your-tax-return/ Sun, 28 Nov 2021 11:03:30 +0000 https://internetwealthzone.com/own-shares-in-a-managed-fund-heres-how-it-affects-your-tax-return/ Question 1: Hello Craig, I have a fund managed for about 20 years and have made other investments in the fund from time to time. The returns are reinvested in the fund and each year the appreciation has been included in my income tax return. Since fund units are similar to stocks, do I have […]]]>

Question 1: Hello Craig, I have a fund managed for about 20 years and have made other investments in the fund from time to time. The returns are reinvested in the fund and each year the appreciation has been included in my income tax return. Since fund units are similar to stocks, do I have to pay capital gains tax on withdrawals?

Managed funds are popular and have a number of benefits for investors, including:

  • Professional portfolio management
  • Reinvestment of dividends
  • Diversification / risk reduction
  • Its divisibility – that is, you can make partial withdrawals (unlike a property)
  • Convenience
  • Unit price, which is fair to all investors.

However, one of the main disadvantages of traditional managed funds is that you have no control over capital gains from year to year.

You are correct that managed funds are treated like stocks for capital gains tax purposes.

As you noted, you’ve already included capital gains on your tax return every year.

This is because the fund manager would, at various times, sell the underlying stocks and hopefully make gains.

So over the past 20 years you would likely have paid capital gains for the majority of those years.

Note that there is a difference between dividends received from the underlying stocks (or interest from any underlying fixed interest investment) and a gain from the sale of an underlying investment.

This is best illustrated with an example.

Let’s say your managed fund invests in stocks and receives dividends from those investments. Let’s also say that your personal share of those dividends is $ 100.

This $ 100 must be reported as income on your tax return like any other income, and tax must be paid on it at your marginal tax rate.

Additionally, let’s say the managed fund decides to sell some stocks in its portfolio because the stocks have performed well and they see better value in buying other stocks.

The shares they sell have made a gain and they pass it on to unitholders, your share of the gain being $ 80.

This $ 80 must also be declared on your income tax return. And that’s what I mean by having no control over the tax results.

The managed fund can sell a lot of stocks and make a lot of money in years when you are subject to a high marginal tax rate.

Note that dividends and earnings must always be reported on your income tax return, whether or not you reinvest them.

When you make withdrawals, full or partial, you may have more capital gains tax payable if the unit price has increased.

On the plus side, in my experience, the capital gains tax tends not to be too high because you have paid little capital gains tax over the years because the managed fund has transformed the wallet.

Your managed fund provider should be able to provide a report to help you determine the earnings payable if you sold the investment.

Additionally, it may also be a good idea to receive qualified tax advice if the investment is large.

Question 2: Can I take over my mom’s reverse mortgage while she is still alive?

A reverse mortgage will take the underlying property as collateral.

The property cannot be sold or transferred unless the reverse mortgage is paid.

You can take care of the repayments, but you cannot have the loan in your name.

Instead, you could take out a separate mortgage or loan and pay off the reverse mortgage.

That way, the loan would be in your name and, in general, mortgage rates are lower than reverse mortgage rates.

The best result will depend on what you are trying to accomplish, and you may need to seek personalized advice as there are Centrelink and tax implications.

Question 3: As a self-funded retiree, I can presumably donate money to anyone I want. However, are my children and grandchildren subject to tax on cash donations?

You are right that you can give money and assets to whoever you want, and if you do not receive any Centrelink benefits such as age pension, there will be no negative impact on that side of the things.

But it should be noted that if in the future you are likely to apply for or become eligible for these benefits, then Centrelink will look at the previous five years to see which assets you have transferred.

The person (s) receiving the gifts will not be liable to any tax upon receipt of your gift.

But if you sell assets such as stocks or property, you will be liable for all costs and capital gains tax if those assets have realized a capital gain.

You mention “cash” gifts – giving money from one person to another does not incur any tax payable by either party.

Craig Sankey is a Chartered Financial Advisor and Head of Technical Services and Advisory Activation at Industry Fund Services

Disclaimer: The answers provided are general in nature and while motivated by the questions asked, they have been prepared without considering all of your goals, financial situation or needs.

Before relying on any information, be sure to consider the relevance of the information to your goals, financial situation, or needs. As far as the law allows, no liability for errors or omissions is accepted by IFS and its representatives.

The new daily is owned by Industry Super Holdings

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Biden’s infrastructure bill includes funding for Indigenous communities https://internetwealthzone.com/bidens-infrastructure-bill-includes-funding-for-indigenous-communities/ Fri, 26 Nov 2021 18:07:01 +0000 https://internetwealthzone.com/bidens-infrastructure-bill-includes-funding-for-indigenous-communities/ The infrastructure bill includes unprecedented financial investments in indigenous communities. In total, over $ 11 billion has been spent on various projects in Indigenous communities. The bill took years of advocacy on behalf of indigenous leaders and activists. Loading Something is loading. President Joe Biden signed a $ 1,000 billion infrastructure bill last week, and […]]]>
  • The infrastructure bill includes unprecedented financial investments in indigenous communities.
  • In total, over $ 11 billion has been spent on various projects in Indigenous communities.
  • The bill took years of advocacy on behalf of indigenous leaders and activists.

President Joe Biden signed a $ 1,000 billion infrastructure bill last week, and although the legislation is half its original size, it includes unprecedented investments in indigenous communities.

“We’re pretty happy that a bunch of what we’re advocating has been included in the final bill,” Aaron Payment, registration secretary for the National Congress of American Indians (NCAI) told Insider. “This is unprecedented, the amount of money coming to Indian country.”

In total, over $ 11 billion has been spent on various infrastructure projects in Indigenous communities.

The Infrastructure Bill and Jobs Act allocate approximately $ 8 billion for various programs focused on creating safe sanitation facilities for drinking water and transportation that allow safe access to reserves. and inside.

The bill also provides approximately $ 3 billion to fund congressionally authorized Indian settlements and $ 2 billion to expand


broadband

access.

More than $ 215 million is earmarked for Indian Affairs’ Tribal Climate Resilience Program to develop solutions for tribes struggling with the impact of climate change, whose Indigenous communities have been disproportionately affected.

“The impact will be immense,” wrote Deb Haaland, the US Secretary of the Interior and one of the first two Native American women elected to Congress, of the bill in a recent editorial. “As one tribal chief commented, ‘This will have generational impacts for my tribal nation and the Indian country as a whole.’”

While the bill is historic, Indigenous leaders hope it marks the beginning, rather than the culmination, of federal investment in Indigenous communities.

“While we are grateful for the great commitment to Indian Country, we believe it takes time and that the federal government is doing what it is obligated to do,” said Payment.

Some funds in the bill have not yet been allocated

A representative of the Senate Indian Affairs Committee told Insider that the infrastructure bill will be part of an ongoing investment and that “Senate Democrats are working to address priorities not addressed in the bill. infrastructure in the Pending Build Back Better Reconciliation Bill, including those for indigenous communities. ”

There are also several billion dollars in the infrastructure bill that are generally allocated to indigenous communities, but the purpose of which has not yet been designated.

These designations will be made after consultation with Indigenous leaders, said Payment of ACAI, although he has some ideas on the use of the money.

“I hope that we will have consultations that will meet our additional needs, such as the backlog of construction and maintenance of new schools, health facilities that are obsolete and in need of improvement, and new facilities for dealing with the opioid crisis, ”Payment said.

“We also need cultural facilities that offer a new and innovative way to conserve culture and language to help us become more resilient,” he added.

Greater financial investment in early childhood education and higher education is something Payment would like to see.

Infrastructure Bill Took Years of Advocacy by Indigenous Leaders

While it is easy to present the infrastructure bill as a victory for indigenous communities that seemingly happened overnight, it took years of advocacy on behalf of indigenous leaders and activists to see a significant financial investment by the federal government.

It also took a pandemic that severely decimated Indigenous communities to achieve these results.

Several CDC studies show that Native Americans and Alaska Natives are among ethnic and racial minority groups at “higher risk of serious consequences from COVID-19.”

The pandemic has also affected the ability of indigenous communities to cope with the financial burden of the health crisis. Native Americans provided a wide range of government services on their lands without federal assistance, as tribes could not collect taxes to pay for these services.

When the pandemic hit, tribal businesses shut down and support services were in limbo.

“It’s a constant journey and we’re not done yet,” said Payment.

“Now we are trying to make sure that Build Back Better sees the light of day and if approved, that it contains key provisions for the Indian country.”

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Should we invest in it or not? https://internetwealthzone.com/should-we-invest-in-it-or-not/ Thu, 25 Nov 2021 03:09:41 +0000 https://internetwealthzone.com/should-we-invest-in-it-or-not/ Nippon Mutual Fund’s new Nippon India Taiwan fund offering (NFO), which will remain open until December 6, 2021, is among many international funds that have recently flooded the market. According to data from Value Research, of the 62 international funds available in the market, a third of them were launched in 2021 alone. Up to […]]]>

Nippon Mutual Fund’s new Nippon India Taiwan fund offering (NFO), which will remain open until December 6, 2021, is among many international funds that have recently flooded the market.

According to data from Value Research, of the 62 international funds available in the market, a third of them were launched in 2021 alone. Up to 21 international programs have been launched by various fund companies to date. This is the highest number of launches in the international fund category in the history of mutual funds.

Program highlights

Nippon India Taiwan Fund is a thematic fund focused on Taiwan. The fund will focus on new technological trends, in particular the semiconductor industry. Cathay SITE will be an investment consultant for the fund.

According to the product rating, the fund will follow a multi-capitalization investment strategy. The fund will invest in companies with a dominant market share, a successful business model, a large market and a sustainable high margin through superior technology.

The fund will follow a targeted strategy and will invest only in high conviction stocks and will hold no less than 40 stocks in the portfolio. Additionally, this will limit the maximum exposure to a single script to 10 percent.

What works for this?

Growing demand for semiconductors: Semiconductors are the brain of modern electronics. They are used in medical devices, communications, computing, defense, transportation, and future technologies such as artificial intelligence, quantum computing, and advanced wireless networks. Taiwan is the world’s largest semiconductor subcontractor with 52% market share, followed by China with 17%.

Higher dividend yield: The The dividend yield of listed companies in Taiwan was 2.8% in September 2021. The benchmark of the program is the Taiwan Capitalization Weighted Stock Index (TAIEX). TAIEX’s dividend yield is 2.76 percent compared to Sensex, which has a dividend yield of 0.97 percent. High dividend yields make Taiwanese stocks attractive to global investors in a low interest rate environment.

What is wrong?

As the fund invests in only one country, its future will therefore depend on the performance of a single country. Investing in a single foreign country is like investing in a sector fund that invests in a single sector rather than in diversified equity funds that invest in multiple sectors. There are several micro- and macro-economic and geopolitical factors that affect the economic performance of a country.

What should you do

If you have invested enough in India across all market capitalizations and sectors and want global diversification, you can allocate a portion to an international fund. However, you might be better off with an international fund that takes exposure across geographies and doesn’t focus on just one country. Invest only if you are truly confident in the growth of the Taiwanese market.

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Boussard & Gavaudan Investment Management LLP: Form 8.3 – https://internetwealthzone.com/boussard-gavaudan-investment-management-llp-form-8-3/ Tue, 23 Nov 2021 11:24:55 +0000 https://internetwealthzone.com/boussard-gavaudan-investment-management-llp-form-8-3/ FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Boussard & Gavaudan Investment Management LLP Boussard & Gavaudan Asset Management SEC Boussard & Gavaudan Gestion SAS acting […]]]>

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE / TRANSACTION DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser: Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Asset Management SEC

Boussard & Gavaudan Gestion SAS

acting on behalf of various funds

(b) Owner or controller of the disclosed interests and short positions, if different from 1 (a):

The designation of nominees or vehicle companies is insufficient. For a trust, the trustee (s), settlor and beneficiaries must be named.

(c) Name of the offeror / officer for the relevant titles to which this form relates:

Use a separate form for each offeror / beneficiary

Playtech plc
(d) If an exempt fund manager is related to an offeror / offeror, indicate this and specify the identity of the offeror / offeror:
(e) Date of position held / transaction undertaken:

For an open position disclosure, indicate the last practicable date before the disclosure

22 November 2021
(f) In addition to the company mentioned in 1 (c) above, does the discloser make any disclosures with respect to any other party to the offer?

If it is a cash offer or a possible cash offer, indicate “N / A”

N / A

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to be subscribed to be disclosed in more than one category of relevant securities of the offeror or the offender named in point 1 (c), copy table 2 (a) or (b) (depending on the case) for each additional category of relevant securities. Security.

(a) Interests and short positions in the relevant securities of the offeror or the offender to which the disclosure relates as a result of the transaction (if applicable)

Relevant safety class: Ordinary NPV

ISIN: IM00B7S9G985

Interests Short positions
Number % Number %
(1) Relevant securities held and / or controlled: 8 346 630 2.72%
(2) Derivatives settled in cash: 2 421 773 0.79%
(3) Derivatives settled in shares (including options) and buy / sell agreements:

TOTAL:

10 768 403 3.51%

All interest and short positions must be disclosed.

Details of all open settled derivative positions in equities (including traded options) or relevant securities buy or sell agreements should be provided on a Supplemental Form 8 (Open Positions).

(b) Subscription rights for new securities (including options for directors and other employees)

Class of securities concerned in relation to which there is a subscription right:
Details, including the nature of the rights concerned and the relevant percentages:

3. TRANSACTIONS (IF APPLICABLE) BY THE DISCLOSURE PERSON

When there have been transactions on more than one category of relevant securities of the offeror or offender named in point 1 (c), copy table 3 (a), (b), (c) or (d ) (as the case may be) for each class of securities concerned processed.

The currency of all prices and other monetary amounts must be indicated.

(a) Purchases and sales

Relevant safety class Buy Sell Number of titles Price per unit

(b) Cash-settled derivative transactions

Relevant safety class Product Description

eg CFD

Nature of the transaction

For example, open / close a long / short position, increase / decrease a long / short position

Number of benchmark titles Price per unit
Ordinary NPV CFD Increase a long position 1,397 724.92

(c) Equity-settled derivative transactions (including options)

(i) Write, sell, buy or modify

Relevant safety class Product Description for example purchase option Write, buy, sell, vary, etc. Number of securities to which the option relates Unit exercise price Type

for example American, European, etc.

Expiration date Option money paid / received per unit

(ii) Exercise

Relevant safety class Product Description

for example purchase option

Exercise / exercised against Number of titles Unit exercise price

(d) Other operations (including the subscription of new securities)

Relevant safety class Nature of the transaction

e.g. subscription, conversion

Details Unit price (if applicable)

4. OTHER INFORMATION

(a) Indemnification and other trade agreements

Details of any indemnity or option agreement, or any agreement or arrangement, formal or informal, relating to the relevant securities which may be an inducement to trade or refrain from trading entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, indicate “none”

nothing

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person regarding:

(i) the voting rights of any relevant security under an option; Where

(ii) voting rights or the future acquisition or disposal of any relevant security to which a derivative is referenced:

If there are no such agreements, arrangements or understandings, indicate “none”

nothing

(c) Attachments

Is an additional form 8 (open positions) attached? NO

Disclosure Date: 23e November 2021
Name of the contact:

Deborah Gewinner

Phone number*:

+44 203 751 54 12

Public disclosures under Rule 8 of the Code must be made to a regulatory information service.

The Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements on +44 (0) 20 7638 0129.

* If the discloser is a natural person, it is not necessary to provide a telephone number, provided the contact details have been provided to the Panel’s Market Monitoring Unit.

The Code can be viewed on the Group’s website at www.thetakeoverpanel.org.uk.

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Sainato obtains a grant for an urban transport project | Local News https://internetwealthzone.com/sainato-obtains-a-grant-for-an-urban-transport-project-local-news/ Sun, 21 Nov 2021 19:16:00 +0000 https://internetwealthzone.com/sainato-obtains-a-grant-for-an-urban-transport-project-local-news/ State Representative Chris Sainato said on Friday he had secured a $ 1 million grant for various transportation improvements in the town of New Castle. The grant, from the Commonwealth Finance Authority’s Multimodal Transportation Fund, is intended for the Enterprise Park area of ​​New Castle on the city’s East Side. Planned improvements include: Pavement repairs […]]]>

State Representative Chris Sainato said on Friday he had secured a $ 1 million grant for various transportation improvements in the town of New Castle.

The grant, from the Commonwealth Finance Authority’s Multimodal Transportation Fund, is intended for the Enterprise Park area of ​​New Castle on the city’s East Side.

Planned improvements include:

  • Pavement repairs on Produce, Kurtz and Countyline streets and unnamed lanes,
  • Construction of an extension of Grove Street, to the intersection of Grove, Neal and Taylor streets,
  • Installation of traffic lights at this intersection, as well as at the intersections of Court, Neal and Taylor streets,
  • Level crossing improvements on South Mill Street, Taylor Street and Produce Street,
  • Replacement or construction of sidewalks and 30 lampposts along East Washington and Kurtz streets,
  • And the extension of an Enterprise Park bike path to the Neshannock Trail off Croton Avenue.

Sainato explained that the city has officially requested the funds as part of the East Side revitalization. The project was pushed by the Lawrence County Economic Development Corp., which is its administrative agency, and the Lawrence County Regional Chamber of Commerce.

Linda Nitch said several city and county agencies, including engineers, collaborated on the project to provide the narrative and identify the roads involved that need improvement. Streetscapes have been planned as part of it, she said, but the overall goal is to redirect truck traffic to this area.

The total cost of the project is estimated at $ 2.3 million. The city has requested a waiver of matching funds.

“The funding we received today will make it easier for motorists, pedestrians and cyclists to get around, improve traffic flow, safer roads and sidewalks and better connections,” said Sainato. “I am delighted that the work will also create new jobs and invite future economic development.”

“This is good news,” Sainato added. “We’re really happy about it.”

And while the million dollar grant will not fund the entire project, Nitch said, “We will have to reduce the scope of the project or seek other sources of funding, but we are very happy that we got the million dollars. a good thing for New Castle, and shows great cooperation between a variety of groups. “

dwachter@ncnewsonline.com

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Recovery center files complaint for funds | News, Sports, Jobs https://internetwealthzone.com/recovery-center-files-complaint-for-funds-news-sports-jobs/ Sat, 20 Nov 2021 05:01:29 +0000 https://internetwealthzone.com/recovery-center-files-complaint-for-funds-news-sports-jobs/ YOUNGSTOWN – Sebastian Rucci, owner of the California Palms Addiction Recovery Center, has filed a lawsuit in U.S. District Court asking for funds removed from his facility in a raid to be returned. The lawsuit filed Wednesday alleges that the federal government seized $ 603,902 from Rucci’s personal and business bank accounts after obtaining five […]]]>

YOUNGSTOWN – Sebastian Rucci, owner of the California Palms Addiction Recovery Center, has filed a lawsuit in U.S. District Court asking for funds removed from his facility in a raid to be returned.

The lawsuit filed Wednesday alleges that the federal government seized $ 603,902 from Rucci’s personal and business bank accounts after obtaining five search warrants on October 4. The officials executed the warrants the next day.

The money is “all funds available to pay employee salaries, buy food, pay utilities, health insurance and other operating costs,” the file says.

“It took 57 months to build the treatment center and it was destroyed in just a few weeks” by the illegal seizure, he said.

It states that the Fourth Amendment provides that “no warrant will be issued, but on probable cause… and in particular describing the place to be searched, the people or things to be seized. “

He adds: “The warrants used to seize (Rucci’s) money only mention the seized property. The warrants omit the crime to support the link to seize the funds. ”

On October 5, agents from various federal and state agencies served a search warrant at the facility on National Highway 46 in Austintown while they were investigating.

At the time, the Ohio Department of Mental Health and Addiction Services, which allows additional treatment facilities, said the facility was temporarily closed due to the investigation.

On October 26, Judge Maureen Sweeney of the Mahoning County Common Plea Court refused to stay the implementation of a state order to revoke the facility’s license.

Rucci told The Vindicator that the loss of his Ohio Department of Mental Health and Addiction Services certification to operate a drug and alcohol treatment center resulted in about half of his 70 clients being referred to d other establishments.

He said about 35 clients can no longer be treated at California Palms without a license, but the remaining 35 may remain there under a lower level of care closer to a salvage home.

The latest news today and more in your inbox

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Delaware announces funding to improve access to food grown in Delaware https://internetwealthzone.com/delaware-announces-funding-to-improve-access-to-food-grown-in-delaware/ Thu, 18 Nov 2021 15:07:10 +0000 https://internetwealthzone.com/delaware-announces-funding-to-improve-access-to-food-grown-in-delaware/ November 18, 2021 $ 2 million in seed funding to stabilize and strengthen family farms and local food supply chain operations WILMINGTON, Del. –Governor John Carney, the Delaware Department of Agriculture and the Delaware Council on Farm and Food Policy on Thursday announced an investment of $ 2 million in seed funding to establish the […]]]>
November 18, 2021

$ 2 million in seed funding to stabilize and strengthen family farms and local food supply chain operations

WILMINGTON, Del. –Governor John Carney, the Delaware Department of Agriculture and the Delaware Council on Farm and Food Policy on Thursday announced an investment of $ 2 million in seed funding to establish the country’s first integrated food system program. State. This new program, which will be developed by the Delaware Council on Farm and Food Policy, will help stabilize and strengthen Delaware’s small and medium-sized farmers and local food supply chain operations, among the sectors hardest hit during the pandemic.

Funding for this program is provided by the American Rescue Plan Act (ARPA), which was enacted by President Joe Biden and championed by members of the Delaware congressional delegation – US Senators Tom Carper and Chris Coons, and Congresswoman Lisa Blunt Rochester.

File photo: Governor John Carney joined members of the General Assembly on July 21, 2021 at Delaware State Police Troop 2 in Newark, DE. Photo by Saquan Stimpson

The state’s first integrated food system will provide a coordinated approach to improve local access to affordable and nutritious foods produced in Delaware while supporting Delaware farmers, ”said Governor Carney. “We know the COVID-19 pandemic has impacted small food businesses and Delaware families’ access to food. This is why the Council on Farm and Food Policy will work with partners to develop and administer a diverse portfolio of grants and loans to improve the availability and accessibility of local produce, animal protein, value-added products. and other foods, thereby promoting overall economic growth. here in Delaware.

“The rise of food insecurity in Delaware is just one example of how the COVID-19 pandemic has exacerbated existing problems in our communities,” said The Delaware Congressional Delegation of US Senators Tom Carper, Chris Coons and Congresswoman Lisa Blunt Rochester. “This new program will be made possible by federal funds from the American Rescue Plan Act, which we passed in March of this year, and will provide resources and support to farmers, suppliers and distributors in Delaware. We applaud Governor Carney’s decision to prioritize the availability and accessibility of foods grown in Delaware through the creation of this innovative program. We look forward to working with our colleagues on both sides of the aisle to continue to fight for help for Delaware’s farms and supply chain operations.

The First State Integrated Food System program focuses on three main channels in the food supply chain, including:

  • Production: small and medium farmers;
  • Processing and distribution: commercial kitchens, processing facilities, storage / hub facilities, incubators;
  • Retail / Consumption Outlets: Convenience Stores, Grocery Stores / Markets, Restaurants, Farmers Markets, Food Trucks, Food Kiosks, and Mobile Markets.

“This program prioritizes our food system and offers the state the opportunity to make a strategic investment in how families access food in their communities and at the same time improve the resilience of the food chain. ‘local food supply,’ said Agriculture Secretary Michael T. Scuse. “Neighboring states like Maryland and New Jersey have reaped the benefits of food funding programs. The First State Integrated Food System Program will provide similar opportunities to build capacity in Delaware. These efforts will go a long way in improving local access to local food.

The Council provides insight into various aspects of Delaware’s food system, supply chain and food security. The Council works to facilitate and support a food system where:

  • Local farmers can access viable markets;
  • All Delawaren can access the resources necessary to circumvent the challenges associated with ensuring nutritious and local food options; and
  • Where vulnerabilities within our communities can be reduced.

“The Council’s past efforts have laid the foundation for coordination and strategy around planning for long-term resilience,” said Nikko brady, Member of the Executive Committee of the Delaware Council on Farm and Food Policy. “The development of the First State Integrated Food System Program is yet another way for us to help connect Delaware farmers with processors and retail outlets to put food on Delaware tables. “

Each board member draws on their day-to-day experiences in their respective organizations and brings their knowledge and expertise to conversations about food access, food policy and nutrition in Delaware. The main function of the Council is to provide knowledge, information and strategy around food that helps coordinate and improve the capacities of state agencies, officials, community members and organizations.

All ARPA funds related to this program will be distributed by December 2024. For more information on the Delaware Council on Farm and Food Policy [gcc02.safelinks.protection.outlook.com] or the First State Integrated Food Safety Program, contact Nikko Brady at the Delaware Department of Agriculture, nikko.brady@delaware.gov.

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Corvallis Budget Challenge: Should Federal Funds Be Spent on Facilities or Roaming? | Local https://internetwealthzone.com/corvallis-budget-challenge-should-federal-funds-be-spent-on-facilities-or-roaming-local/ Tue, 16 Nov 2021 23:45:00 +0000 https://internetwealthzone.com/corvallis-budget-challenge-should-federal-funds-be-spent-on-facilities-or-roaming-local/ A fire engine with no bay to cover it. Homeless people with no roof over their heads. What should the Town of Corvallis spend its $ 13 million in American Rescue Plan Act (ARPA) funds on? This was the poignant question posed at the Corvallis City Council meeting on Monday night by resident Tim Roach, […]]]>

A fire engine with no bay to cover it. Homeless people with no roof over their heads.

What should the Town of Corvallis spend its $ 13 million in American Rescue Plan Act (ARPA) funds on?

This was the poignant question posed at the Corvallis City Council meeting on Monday night by resident Tim Roach, who has worked tirelessly on homelessness in the community comment section in recent council sessions. .

Roach was joined by Reverend Jennifer Butler of the First United Congregational Church of Christ of Corvallis, Aleita Hass-Holcombe of the Corvallis Daytime Drop-in Center and shelter volunteer Jim Swinyard, former Benton County Sheriff, s’ voicing on behalf of more safety net funding.

All four urged the council to devote 30% of ARPA’s money to social services and poverty alleviation in the city. The four residents are increasing the stake on a request made by Helen Higgins of the Boys & Girls Club of Corvallis and Ben Danley of Community Outreach to spend 20% of federal funds on social services. Higgins and Danley’s campaign, published as a guest opinion in this newspaper on October 22, sparked a community conversation, with several letters to the editor following the original submission.

People also read …

Timing has become critical. The city’s budget committee will meet on Wednesday to take stock of whether it still recommends councilors use as much of the $ 13 million to help pay for facility upgrades as is legally possible. Commissioners urged council to take this step during budget deliberations last spring.

Ryan Seidl, the city’s chief financial officer, in his staff report on the committee meeting, noted that due to the city’s general revenue losses fueled by the pandemic, the city may, if it wishes , spend the entire $ 13 million on facilities.

The facilities project, meanwhile, was also on Monday’s agenda, with advisers receiving an update from project officials. Virtually all of the town’s facilities are on the list for possible upgrades, including town hall, park maintenance and operations at Avery Park, the law enforcement building, public works and various fire stations. The list also includes park and recreation properties, including the Library, Osborn Aquatic Center, and the Majestic Theater.

A “Cadillac plan” to modernize all facilities could cost as much as $ 255 million, although project officials and city employees say they don’t expect to spend that much. Officials also said they anticipate that a wide range of potential funding sources will be used and that most projects are years away.

Among the “shovel-ready” projects identified by the Project Tea Party is the work at Fire Station # 3 on Northwest Circle Boulevard. The wishlist includes a new equipment bay that would cover the forest firefighting platform that currently sits outside the parking lot.

Roach and his co-lawyers, meanwhile, say they would rather see rooftops over the heads of the homeless than use federal money to pull the truck out of the elements.

Side discussions – the budget committee spoke about ARPA on Wednesday and facilities planners returning to council in January – have left Ward 5 councilor Charlyn Ellis dissatisfied.

“I am frustrated with the process,” she said. “We’re still trying to understand the big picture here. We have yet to discuss our facility priorities. And at the same time, we’re talking about putting all the ARPA money into facilities. I think we need to involve a lot more of a community conversation here. “

City manager Mark Shepard, who led the charge to resolve the city’s facilities issues, noted that the Budget Committee “may change its mind. What would $ 13 million in facility funding buy for the community? This is the advantage and the challenge of having these conversations at the same time.

• Councilors heard a report from a working group made up of citizen members of the Budget Committee on possible compensation for the mayor and council members at their virtual meeting on Monday evening.

The task force recommends spending about $ 30,000 per year to pay the mayor $ 425 per month, council officers between $ 275 and $ 325 per month, and the remaining seven councilors $ 225 each.

There will be an update for our website this week! Here is what it will look like.



No votes were taken on the issue, although councilors generally praised the idea. December 6 is the likely date for a decision on the plan.

Mayor Biff Traber currently receives $ 100 per month, with councilors only receiving certain expenses.

“The task force sees an allowance, in part, as recognition and appreciation for all the time, heart, effort and energy that citizen volunteers put into serving as councilors and mayors,” said Curtis Wright, chairman of the task force.

“Most importantly, the task force considers that a stipend removes barriers to service – costs such as childcare, high-speed internet, cafes or luncheons with voters, participation in community events for a good cause, and more. Wright said.

“The recommended allowance, however modest it may be, will allow more citizens to consider becoming a municipal councilor or mayor a little more economically. This is another positive step towards diversity, equity and inclusion. “

Gabe Shepherd of Ward 4 agreed that pay is a matter of fairness and said he hopes the program will lead to a council that represents a larger cross section of the community.

Ellis from Ward 5 said she was not opposed to the idea but preferred the issue to go to voters. Meanwhile, Paul Shaffer of Ward 7 pointed out that the system gives elected officials the power to opt out.

If approved, the system will not come into effect until after the next general election due to state conflict of interest laws.

• Councilors voted 9-0 in favor of a resolution that supports the transgender community and recognizes Saturday as Transgender Day of Remembrance. During the resolution discussion, led by Charles Maughan and Shepherd from Ward 2, a November 5 incident at a Corvallis convenience store in which a suspect was charged with a crime of bias was referenced, although the incident was not named directly in the resolution.

• City judge Larry W. Blake Jr. was on hand to swear Tracey Yee as the new Ward 8 councilor. Yee ran unopposed and won 96% of the vote in the special election on 2 November. Yee, retired human resources administrator at Oregon State University and past chair of the Advisory Council on Community Involvement and Diversity, replaces Ed Junkins.

Junkins resigned from the board on June 21 to take a position at the University of Notre Dame, his alma mater. Junkins’ absence left the board with eight members for nine meetings, from July 5 to November 1.

The special election that raised Yee to the board also included a charter amendment aimed at reducing the time the board is not full. Measure 2-132, which was adopted with more than 60% of the votes, calls for vacant positions to be filled within 60 days via a council vote after neighborhood appointments and a public hearing.

• New tariffs for Republic Services waste and recycling services have been announced. As of Jan. 1, residential rates will increase 3.96%, commercial accounts will increase 3.69%, and industrial customers will see an increase of 3.56%. The rate increase for a 35-gallon garbage cart for a residential customer will increase by 91 cents per month.

According to the franchise agreement between the Republic and the city, councilor approval is only required for rate increases when they exceed 4%. Thus, the Republic had only to notify the council of its intention, and no vote was taken.

• Roberta Smith was elected to the City Planning Commission 5-4 ahead of Mike Steed. Smith will replace Erik Haunold, who was elected to the committee at the November 1 meeting but had to step down for personal reasons. Smith is serving a term that expires June 30, 2022, although she may choose to apply to retain the position on the land use advisory body for another three years.

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Letter: Rebuilding our community through access to education | Letters to the Editor https://internetwealthzone.com/letter-rebuilding-our-community-through-access-to-education-letters-to-the-editor/ https://internetwealthzone.com/letter-rebuilding-our-community-through-access-to-education-letters-to-the-editor/#respond Fri, 12 Nov 2021 10:00:00 +0000 https://internetwealthzone.com/letter-rebuilding-our-community-through-access-to-education-letters-to-the-editor/ To the editor: I recently learned about an innovative approach to creating a skilled workforce for communities. Pine County, Minnesota has decided to use its federal stimulus funds to make its technical and community tuition free for all students over the next two years. They have decided to use their federal stimulus funds to pay […]]]>

To the editor: I recently learned about an innovative approach to creating a skilled workforce for communities.

Pine County, Minnesota has decided to use its federal stimulus funds to make its technical and community tuition free for all students over the next two years. They have decided to use their federal stimulus funds to pay for student tuition because the current national Build Back Better bill will not include these funds.

While recent federal stimulus dollars have been pledged to various organizations in our community, there may still be time to consider redirecting some of these funds to pay for the tuition fees of our students attending Berkshire Community College. ? If not, let’s look at a way to use other stimulus or county funds for this initiative.

Providing funds to pay the tuition fees of Berkshire Community College students, at least for the next 2 years, would allow more members of our community to have the opportunity to attend our community college. This would help students acquire the skills employers in our community need to stay in business.

The approach of making community college tuition free seems like an exciting way to help rebuild our community and our economy. Let’s be the first East Coast community to create this opportunity.

Peter Lazes, West Stockbridge

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Your taxes at work https://internetwealthzone.com/your-taxes-at-work/ https://internetwealthzone.com/your-taxes-at-work/#respond Wed, 10 Nov 2021 18:01:07 +0000 https://internetwealthzone.com/your-taxes-at-work/ By John Kefalas | Larimer County Commissioner Let’s Talk Money – taxpayer dollars that are used to support Larimer County’s services, programs, infrastructure and capital improvement projects. As county commissioners, one of our fundamental duties is to be responsible stewards of our financial resources. We do this by overseeing and helping to facilitate the budget […]]]>

By John Kefalas | Larimer County Commissioner

Let’s Talk Money – taxpayer dollars that are used to support Larimer County’s services, programs, infrastructure and capital improvement projects. As county commissioners, one of our fundamental duties is to be responsible stewards of our financial resources. We do this by overseeing and helping to facilitate the budget process and ultimately adopt the Larimer County Annual Balanced Budget.

The county’s fiscal year aligns with the calendar year – January 1 to December 31, and the budget process begins in earnest in the spring when we undertake a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis. This initial assessment informs our process by proposing themes to examine how public funds are invested. The Larimer County government is made up of various departments and divisions within the ten elected county offices, and our net operating budget includes five service categories. These categories are public safety; human and economic health; community planning, infrastructure & resources; public archives & information; and support services.

Returning to the budget process, the commissioners, the county manager and the budget office present a general forecast of the fund and initial budget targets for 2022 in May. Over the summer, we work on departmental budget requests, compensation, and capital improvement plans. Commissioners then issue directives in September. We then prepare a draft budget which is submitted on October 15th. Meanwhile, we continue to receive public comment through various means, culminating in a public hearing on November 8 to present the 2022 budget and landfill rates. We will adopt the 2022 budget and the mill royalties on December 15 in a public hearing. To view the revised 2021 and 2022 draft budgets, visit our budget website, www.larimer.org/budget, and our user-friendly budget explorer page, www.larimer.org/BudgetExplorer.

Here are the main highlights of the budget. As for the facilities that serve our community, there is the construction of behavioral health facilities, the design and construction of a fleet campus, the implementation of the ranch master plan, the improvement of prisons. and the expansion of alternative sentences / community corrections. There will also be improvements to roads and bridges to improve snow and ice control and transportation safety. In response to an increasing demand for services, workload, and to improve turnaround times, we will be adding additional engineering and community development staff. There are pay changes that are market driven to ensure Larimer County can hire the most qualified people to provide public services, and there are also expenses associated with newly enacted state laws. .

Our projected uses of the American Rescue Plan Act (ARPA) tax relief funds include: public health and safety payrolls ($ 3.7M -2021; $ 800,000 -2022); broadband projects ($ 1.55M -2021); grants for immediate needs for the economy, public health and infrastructure ($ 1.5 million -2021); additional compensation for staff in collective correctional institutions ($ 1.5 million -2021); immediate operational needs of the county ($ 500,000); a community health mapping project ($ 315,000); and a feasibility study for the Red Feather Lakes water and sewer system ($ 150,000 -2021). Regarding our general fund balance (reserves), Larimer County is in the process of establishing a contingency fund for climate change and future disaster emergency needs. We are redirecting $ 12 million to this contingency fund from previously identified one-off investments, as federal and state dollars related to COVID are available for these short-term purposes. Finally, our strategic plan needs are now included in our operational expenditure forecasts.

We have made our budget accessible and transparent and invite our community to engage with us in the budget process.

John Kefalas is a Larimer County Commissioner representing all of Larimer County

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