in two months, people in the south valley will vote on whether they want to form a new town. tonight -- the county shared new numbers with us, showing it could take a lot more money than originally expected. kayla anderson is live to tell us why the group behind the movement isn't giving up. kayla? the final version of the county's numbers are due out next week. but we got an early look at the study. one county commissioner says services like those provided here at the westside community center could be on the chopping block. bernalillo county's numbers show the south valley would start off with a revenue shortfall of nearly 14 and a half million dollars. "it's abundantly clear that there isn't enough of a tax base here to have a government that would be able to provide the same level of government, that we the south valley-ans currently enjoy." bernalillo county commissioner art de la cruz says the county spends 30 million dollars for services in the south valley. "we spend more than we collect here." he says, if the valley splits away, taxes would increase. but the south valley incorporation group is firing back-- saying the county's numbers are wrong. "bernalillo county does not want the south valley to become it's own city." the group says valle de atrisco can operate on an 18 million dollar budget. "because of us being a new town, we would generate franchise fees- from different companies, cable companies, television companies." the new municipality would operate with minimal affing and a lean budget for police and fire- things like senior services, community centers-- even park maintenance-- would all be run by volunteers. "i've talked to some of the farmers down there that have the tractors that could also provide the park maintenance and they said they would do it- for a fee of course." the group maintains there would be no gross receipts tax increase for valle de atrisco-- contrary to what the county says. ballots for the new town will be mailed out in december. [www.clipsyndicate.com | KOB Albuquerque]
Private and household consumption rebounds in South Korea. (The Trade) [www.clipsyndicate.com | Bloomberg]
Dec. 18 (Bloomberg) -- Manoj Pradhan, an economist at Morgan Stanley, talks with Bloomberg's David Tweed about the withdrawal of stimulus measures by central banks. Pradhan speaks in London. [www.clipsyndicate.com | Bloomberg]
Christmas came early for the Hernandez family -- all 8 of them -- just getting by on one income. [www.clipsyndicate.com | KTBC FOX 7 Austin, TX]
Don't plan on a rollback of the state's 6.25-percent sales tax next year. On a sit down interview with 22News Wednesday, Governor Deval Patrick said the state is counting on every penny it can collect to close a $3-billion budget gap. [www.clipsyndicate.com | WWLP NBC 22 Springfield M]
Intermountain Healthcare, a Utah company lauded by President Barack Obama for what is right about American health care, is at the center of a lawsuit that may reveal what exactly is wrong about American health care. Investigative reporter Lori Prichard is the first to uncover this story. [www.clipsyndicate.com | KSL - 5 Salt Lake City, ]
A local group is focusing their efforts to stop violence in Providence. [www.clipsyndicate.com | WPRI CBS 12 Providence]
A new program is opening doors for women and people of color when it comes to a career in the medical field. The St. Paul Fire Department is honoring its second class of EMT graduates, who come from low income neighborhoods around the city. [www.clipsyndicate.com | KMSP FOX 9 Minneapolis]
Rosebud fate remains uncertain [www.clipsyndicate.com | WTHI CBS 10 Terre Haute]
They haven't approved it yet, but a proposed tax increase would affect both businesses and property owners in Springfield. Business people rallied against a proposed tax hike Thursday night. [www.clipsyndicate.com | WWLP NBC 22 Springfield M]
Americans want to lift what sags, tighten what's loose and smooth what's wrinkled. And last year they spent more than $10 billion in pursuit of physical perfection. Now our politicians want a cut of all that nip-tuck: a 5 percent tax on all cosmetic procedures. [www.clipsyndicate.com | WFLD FOX 32 Chicago, IL]
It's the season to give, whether your motivation is charity or for tax write-offs, or a bit of both. [www.clipsyndicate.com | KMBC ABC 9 Kansas City MO]
Rio Rancho employs around seven hundred people, and most of the city budget-- about 78 percent-- goes to pay their salaries and benefits. The city is projecting a shortfall of about three million dollars in its 50 million dollar budget, and it's hard to make spending cuts without hitting paychecks. City manager James Jimenez is talking with employees and furloughs are a hot topic. "If we have to go that direction should we do something like the state does where we dictate the days, or would they prefer having more options to choose if they have to take an unpaid day, it would be their discretion." Rio Rancho is in the same boat as Albuquerque and every other municipality in the state; the lion's share of its money comes from the gross receipts tax on goods and services and in the recession people have less money so they're spending less money-- that's why furloughs may be on the way. Jimenez "You know our goal is to avoid any kind of layoffs. Our goal is to try not to reduce services to the taxpaying public, but at the end of the day we have to have a balanced budget so there are some hard decisions that we are going to have to make over the next month." In mid-January Rio Rancho's mayor and city manager will go to the city council with a new budget that will cut back spending halfway through the budget year -- that's when we'll know if it's furloughs-- and how many there will have to be. [www.clipsyndicate.com | KOB Albuquerque]
governor more interview veronica [www.clipsyndicate.com | WWLP NBC 22 Springfield M]
In Novmeber we brought you the story of a Baldwin woman heading to DC to lobby her winning idea of giving people a tax credit for spaying or neutering their pets. What started as an idea...could soon become a reality. Tonight Reporter Sarah Gustin has an update on how congressional delegation responded. (Cheryl Woodcock / Lobbying Bill) One unspayed cat having a normal litter of kittens can produce 100-thousand, 100-thousand cats. Just one single cat starting it all. Cheryl Woodcock says there are 80 million abandoned animals nationwide 1/2 of which are euthanized because of the lack of homes. After rescuing four kittens left in a Bismarck dumpster Woodcock took her passion for pets to capitol hill. (Cheryl Woodcock / Lobbying Bill) "They asked me why I felt it was important and I said because if cats and dogs were spayed and nuetered I would not have to been up taking caring of those little kittens." While in DC Woodcock and the Humane Society met with our own Congressional delegation as well as California Represenative John Campbell lobbying the idea of helping pet owners cover the cost of having their pet spayed or neutered. (Cheryl Woodcock / Lobbying Bill) "We kinda thought that a 100 dollars tax credit would be a nice way to go. That pretty much covers your whole vet bill." She says Represenative Pomeroy was interested in the idea, Senator Dorgan was excited and Senator Conrad was ready to get started. (Cheryl Woodcock / Lobbying Bill) "Conrad on the other hand was anxious about getting started on getting some facts and figures and seeing how much it would cost and how far they would want to try the pilot program to see how far they would want to go with it." Woodcock says currently the lawmakers are looking at starting a pilot program to see how well the idea would be received. She says they are compiling information, working out the facts and figures and deciding where the funding would come from and how much would be needed. (Cheryl Woodcock / Lobbying Bill) "And how it would probably work is there woul
(12/17/09) - Thousands of businesses haven't been paying business tax for years, and now state and county clerks are answering questions about how these businesses flew under the radar for so long. [www.clipsyndicate.com | WSMV Nashville, TN]
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Cantor's Goncalves Sees Treasury Gains Until End of 2009: Video
Dec. 17 (Bloomberg) -- George Goncalves, chief fixed-income rate strategist at Cantor Fitzgerald LP, talks with Bloomberg's Matt Miller about the outlook for Treasuries. Goncalves also discusses reserves being held by U.S. banks. (Source: Bloomberg) [www.clipsyndicate.com | Bloomberg]
Toys for Tots [www.clipsyndicate.com | WTHI CBS 10 Terre Haute]
Mark Davis reports [www.clipsyndicate.com | WTNH ABC 8 New Haven]
WAVY News 10 @ 5:00 p.m. 17 Dec. [www.clipsyndicate.com | WAVY NBC 10 Norfolk]
Kansas City agrees to waive its 1 percent earnings tax for soldiers’ families. [www.clipsyndicate.com | KCTV FOX 5 Kansas City]
Tax preparers are the latest victims of the black hole in New York State's budget. [www.clipsyndicate.com | WSYR ABC 9 Syracuse]
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