Newspaper Archive of
Hays Free Press
Kyle, Texas
January 4, 2017     Hays Free Press
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January 4, 2017

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+ January 4, 2017 Page 1D "Guys that have grown up as racing fans, they've been conditioned to do this. They've been waiting for years to be able to get on the track and compete. A lot of the disappointment and anger is understandable. This is something they've worked for and strived for." -Rodney Rodriguez, CTS promoter and announcer BY MOSES LEOS III "Them have been thousands of dollars in improvements made with this A new leaseholder is last lease-holder being sought for Central for it to go away," Texas Speedway, which Rodriguez said. "The could mean a delay in the landowner wants start of the 2017 racing it to be operating. season. There are too But Rodney many variables Rodriguez, who works for (the season) not as an announcer and to happen. That may promoter with CTS and mean a short break, but has been in contact with (closing) is not what they property owner Rick want to have happen." Coleman, said the venue Late last year, AM isn't planning to close anytime soon. SPEEDWAY BREAK, 2D PHOTOS BY MOSES LEOS III Kyle considers possible small business incentive program BY SAMANTHA SMITH business owners. AND MOSES LEOS III "With this incentive program, we will be able to offer a dollar-for- dollar tax credit for the As a small business business owner in year owner himself, Kyle one," Mitchell said. resident Travis Mitchell The goal, according campaigned during to Mitchell on his his run for the Place website travismitcheU. 6 city council seat on net, was not to subsidize creating a program the small business that encourages small community or "give business growth, them lip service." With the help of a new Instead, he wanted small business program, to give small business Mitchell hopes to change owners a"square the mentality that Kyle deal" that mirrored doesn't do enough to incentives given to help small business major developers, but owners or encourages on a smaller scale. In them to stay. addition, the program "First Year on Us" is provides a measurable a program designed return on investment to to take development the city. agreements that the city "If they invest in us, I contracts with larger want to invest in them," developers and scale them down for small BUSINESS INCENTIVES, 2D PHOTO BY MOSES LEOS III Many millennia/s want more from their investments than just good performance - they also want their money to make a difference in the world. Financial Focus contributed by Janet Ross f you are a "millennial" - a member of the age cohort born anywhere from the early 1980s to the late 1990s - then you're still in the early chapters of your career, so it may be a stretch for you to envision the end of it. But since you do have so many years until you retire, you've got the luxury of putting time on your side as you save and plan for retirement. Here are some suggestions for making the best use of that time: Invest early- and often. Even if you are at the very beginning of your career, make investing a priority. At first, you might only be able tO Contribute 'astti$1 amount each month, but something is far better than nothing- and after a year or so, you might be surprised at how much you've actually put away. Take advantage of your employer's retirement plan. If your employer offers a 401(k) or similar plan, contribute as much as you can afford. At the least, put in enough to earn your employer's match, if one is offered. Your contributions can lower your taxable income, and your earnings can grow on a tax-deferred basis. Invest more as your earnings increase. As your career advances, and your earnings rise, you'll want to increase your contributions to your 401(k) or similar plan. And if you ever "max out" on your annual 401(k) contributions (the limits change over time), you can probably still contribute to another tax-advantaged retirement plan, such as a traditional or Roth IRA. Thus far, we've only discussed, in general terms, how much and how often you should invest. But it's obviously just as important to think about the type of investments you own. And at this stage of your life, you need an investment mix that provides you with ample opportunities for growth. Historically, stocks and stock-based vehicles provide greater growth potential than other investments, such as government securities, corporate bonds and certificates of deposit (CDs). Of course, stocks will rise and fall in price, sometimes dramatically. But with decades ahead of you, you do have time FINANCIAL FOCUS, 2D ~i[:! ~i~ ! !l: ~ii ~i~