Home prices throughout the county improved modestly the past three years, according to the Zillow Home Value Index, and Zillow forecasts slightly better growth over the next year. Newark’s weak income and unemployment metrics are balanced against the remainder of the county, which includes wealthier suburban communities such as Millburn, Glen Ridge, and Livingston. As such, overall income and unemployment metrics are mixed. Unemployment rates typically exceed state and national averages. Revenue Framework The county’s primary source of revenues is derived from property taxes representing approximately 50% of fiscal 2015 current fund revenues (excluding fund balance utilized). The other primary source of revenues is derived from the state and federal government. County taxes are collected by the underlying municipalities within the county and paid to the county treasurer on a quarterly basis. The county receives its share from the first taxes collected by each municipality, assuring 100% collections. Current fund revenues are expected by Fitch to generally track the level of inflation over time largely due to expectations for modest tax base and population growth. New Jersey counties operate under have a peek at this site two separate spending cap laws. The 1976 law limits increases in the tax levy to the lesser of 2.5% or an inflation index – the Implicit Price Deflator for State and Local Government Purchases of Goods and Services computed by the U.S.
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in Tuscola. The new site will replace the nearly 60-year-old existing location one block to the east, and provide a more visible and convenient place for the bank’s customers to conduct business. The new office will be about 3,000 square feet and will bring banking amenities to the Tuscola community such as an ATM and motor bank. The new building is anticipated to be complete in the first quarter of 2017. President and CEO Bill Johnson noted, “The South Taylor County community has supported their local bank for over 100 years; it’s time we return the favor and upgrade the facilities for our customers. We see a bright future in Tuscola, and we are confident about our investment in the community.” First Financial opens branch in Cisco First Financial Bank N.A. opened a new location last week at 2006 Conrad Hilton Blvd. in Cisco. “We are pleased to open the doors of our new building in Cisco,” said David Bailey, president of the Eastland Division of First Financial. “Cisco is a vibrant West Texas community and we are proud to have been be a part of its growth over the years. This new state-of-the-art location will allow us to further meet the financial needs of the residents and businesses in Cisco while offering the same great customer service they have grown to expect from us.” Tige Boats names new dealer Tige Boats has announced that Erwin’s Marine, of Valparaiso, check Indiana, has joined its network of dealers.
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