Newspaper Archive of
Hays Free Press
Kyle, Texas
July 19, 2017     Hays Free Press
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July 19, 2017

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+ ~ree i: i/ ..... July 19, 2017 Page 1D BY SAMANTHA SMITH Ellis introduced the planned. He said the will be issued in FY wastewater treatment fund balance you will item during a special water/wastewater fund 2018 for the wastewater plant and multiple water be able to keep rate Buda residents may budget workshop July could be utilized to keep treatment plant projects at the same increases low," Reed said. be seeing an increase in 18 and informed Buda rate increases within expansion, time. All the expansions "We're trying to use that water and wastewater City Council members moderation. Reed said that even are being made to dealfund balance and cash rates in the new fiscal that staff didn't need any Reed said if the city with the increase in with Buda's rapid growth, fund some projects to year because of various action on the item, but were to raise the water water/wastewater ratesCouncil member keep rates low so people water and wastewater he would appreciate their rate by 6% and the Buda would still be below George Haehn wanted will keep moving to capital improvement input on the proposed wastewater rate by 3% the rates of both San to know if the city could Buda." projects, the new rate increases, next fiscal year, thenMarcos and Kyle. still maintain the $2.75 The decision to wastewater treatment Grady Reed with HDR future rate increases Reed explained that million set aside to serve increase water/ expansion and the Engineering explained could be kept between the rate increase, while the city's annual debt. wastewater rates will agreement with Alliance that water/wastewater 2% to 10%. The increase daunting, would be "If we increase rates not be adopted until RegionalWater Authority rates had to increase would fill the fund temporary as Buda this year by 6% in September 2017 when regarding the pipeline to help cover the costbalance by 2022, helping has to deal with the water rates and 3% in the entire Fiscal Year being built, of the additional water to alleviate rate increases, agreement with ARWA, w stewater rates and use budget will be voted on Finance Director June projects the city has Debt of $23.5 million the expansion of the the water/wastewater by council. L, BY OLLIE MAIER / T et's talk about recycled | tires. Because more and JL-dmore of them are being recycled, some problems are surfacing because of it. A report in a recent Recycling Today eNewsletter addressed some of these problems. Today we'll hit the highlights in the first part of that report. The report noted that al- though tire recycling has come a very long way, "... some of the end markets for scrap tires currently are facing difficulties, causing a sense of disruption in the overall market." ..... r6port nOted that in 1984, less than 1 percent of all scrap tires were being recycled. Now, a little over 30 years later, almost 90 percent of them are processed for recycling. (That's something that pleases us!) However, not all the news is good. It appears there are "... govermnent-related obstacles they are facing in several key end markets, including athletic turf and tire-derived fuel (TDF) - the single largest end market for tire processors in the U.S." Besides the large tire-derived fuel (TDF) market for shredded scrap tires, recycled tires are also used for crumb rubber and powdered rubber applications. We find that "while some reusable or retreadable scrap tires are exported, the majority are processed within affordable hauling distance from where they are collected." It appears the processing of these recycled tires was helped by some states providing a incentive to collect these tires both in actual money per tire and/or in a tax credit. But the period for some of these pro- grams is coming to an end. A spokesperson said not all states are recognizing this: "It's a real issue and they've got their RECYCLING, 4D Nearly 10 MILLION tires are . : recycled each year at the largest tire recycling facility in the world, Houston-based Genan Inc. Nearly 300 MILLION used tires are discarded every year in the United States. disposed of properly in Texas each year. Over tires were collected in Texas by those who received funds from the Regional Solid Waste Grants Program in FY 2014-15. When stacked together, that's taller than 584 Texas Capitol Buildings. 1.5 MILLION pounds of solid waste was removed from illegal dumping sites in FY 2014-15, including used tires and electronics. Almost of the state's Regional Solid Waste Grants Program funds were spent on collecting and disposing of tires during FY 2014/2015. The Capital Area Concil of Governments (including Hays County) received $48,729 in recycling grants from Regional Solid Waste Grant Program funds in F 2014-15 Information from the TCEQ 2017 Legislative Report 7 carry cou Texas Comptrol- ler Glenn Hegar announced earlier this week that he will send cities, counties, transit systems and special purpose tax- ing districts $679.9 million in local sales tax allocations for July, 9 percent more than in July 2016. These allocations are based on sales made in May by busi- nesses that report tax monthly. Locally, smaller cities Moun- tain City, Uhland and Niederwald led the county in sales tax receipts percentage growth. Hays County has now received almost $10 million dollars in sales tax receipts this year. Buda 1.500% Springs 1,250% Hays 1.000% Kyle : 1.500% Mountain City1.000% Niederwald 1.000% San Marcos 1.500% Uhland 1,500% Wimberley 1.000% Woodcreek 1.000% Hays County 0.500% $500,612.74 10.92% $155,877.64 1.35% $1,194.04 115.23% $564,812.08 11.01 % $1,112.32 32.56% $2,975.36 27.21% $2,059,755.58 -4.79% $16,114.93 25.06% $70,396.83 9.06% $3,745.68 1.89% $1,416,960.18 9.05% $3,438,612.37 5.33% $1,155,513.15 3.73% $8,061.22 11.91 % $4,113,122.80 9.10% $8,319.17 22.72% $20,186.47 17.89% $15,835,723.05 -3.67% $107,937.94 16.29% $515,810.59 2.56% $27,341.98 12.42% $9,990,421.71 2.62% moves Financial Focus contributed by Jon Albright, CFP W anen your chil- ren leave home dyoube- come an "empty nester," you'll probably make several adjustments in your lifestyle. But how will your empty nest status affect your finan- cial situation?Everyone's story is different, involv- ing a range of variables. But here are a few issues to consider:Insurance - If your kids are through school, your mortgage is nearly paid off and your spouse has accumulated a reasonable amount of money in an employer- sponsored retirement plan, you may not need life insurance to replace income or pay off debts. However, you might start thinking about other goals, such as ensuring your sav- ings will last your lifetime or lea ng a legacy to your loved ones or a charity. Life insurance may be able to help in these areas. Downsizing- Decid- ing whether to downsize your living space isn't just a financial decision - it's also a highly personal one. Still, downsizing can offer you some potential economic benefits. For one thing, if you still are paying off your mortgage, a move to a smaller place could free up some of your monthly cash flow, which, again, you could use to boost your retirement accounts. Furthermore, if your home has greatly appreciated in value, you might make a sizable profit by selling. (If you are single, you may be able to exclude $250,000 of the gain on the sale of your home; married couples may have a $500,000 exemption. Some restric- tions exist on this exemp- tion, though, so you'll need to consult with your tax advisor before selling,) Estate plans -Years ago, you might have made various arrangements in a will or a living trust that dealt with taking care of your children if something should happen to you and your spouse. For example, you might have estab- lished a trust and directed it to make payments to your children at certain times and for certain pur- poses, such as education. But once your children are grown and have left your home, you may need to review and update your FINANCIAL FOCUS, 4D + [