Got £2k to invest? I’d buy these cheap FTSE stocks right now

first_img Rachael FitzGerald-Finch has no position in any of the shares mentioned. The Motley Fool UK has recommended Moneysupermarket.com. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Rachael FitzGerald-Finch | Saturday, 16th May, 2020 | More on: AHT MONY center_img See all posts by Rachael FitzGerald-Finch I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Got £2k to invest? I’d buy these cheap FTSE stocks right now I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. After the stock market crash in March, many good companies listed on the FTSE are still going cheap. Many investors are selling their stocks and keeping share prices down. Moreover, the short-term economic forecast is entirely pessimistic. This means anyone buying shares now is likely doing so with an eye to the future.For a long-term investor, future gains are the silver lining to the stock market doom and gloom. And since higher returns can be made from lower share prices, a bear market is a much better time to be building your wealth. Cheap FTSE stocks are safer investments than those made at the height of a bull market.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Long-term investors need to find good cheap companies that will thrive in any market. Investing £1,000 in each of the two shares below could be a great place to start.AshteadAshtead Group (LSE: AHT) is a provider of industrial equipment rentals. Its main business is in North America where it operates as Sunbelt, supplying many types of customers from construction to the entertainment industry.Ashtead boasts an impressive track record of adapting its business model to the macroeconomic backdrop. This performance is underpinned by strong returns on invested capital that have resulted in a steadily climbing share price over the last decade.There every reason to believe Ashtead will continue its ascent. It has many business advantages at its disposal and will be able to use its scale, differentiation, and cash levers to manage the downturn. In the US, rising equipment costs and changing health and safety regulations will likely provide further rental opportunities. Additionally, the downturn itself may uncover further acquisition prospects, consolidating its position.Ashtead’s £500m buyback policy offers alluring returns for shareholders, although a yield at under 2% may not be the most attractive. However, the dividend per share has increased every year over at least the last five years. The company’s cash reserves imply it’s affordable.Ashtead is currently on sale for around 2,130p, with some analysts giving the firm a fair value of 2,800p.Moneysupermarket.comMoneysupermarket.com (LSE: MONY) is the UK’s largest provider of online price comparison services. It owns four major trading brands in MoneySuperMarket, MoneySavingExpert, TravleSuperMarket, and Decision Tech. About half the group’s revenues come from insurance, 22% from money, and 17% from home services, such as electricity providers.Moneysupermarket’s strong competitive position comes from its big size and ability to differentiate itself from its competitors. It aims to sustain this lead by offering a new energy switching service that tailors its offerings between low-cost products and those with other specific features.However, since Moneysupermarket’s revenues are directly related to the services it promotes, the coming recession could adversely affect its travel and money streams. That said, this will likely be offset by growing revenues from its insurance products, as premiums rise due to increasing payouts from Ogden rate changes. Moneysupermarket has a solid set of financials. Excellent sustained revenue growth, profitability, and cash generation ability gives the group a well-earned reputation for dependable dividends. Its current yield is a decent 3.6%.     Both Moneysupermarket and Ashtead are dependable and cheap FTSE stocks I want in my diversified portfolio. To maximise returns, I would buy them both right now.last_img read more

Two ‘monster’ growth stocks I’d buy NOW

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Two ‘monster’ growth stocks I’d buy NOW Image source: Getty Images. Edward Sheldon, CFA | Monday, 9th November, 2020 | More on: AFX BOO “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Our 6 ‘Best Buys Now’ Shares Edward Sheldon owns shares in Boohoo, Alpha FX and ASOS. The Motley Fool UK has recommended Alpha FX, ASOS, and boohoo group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address The London Stock Exchange is home to some really exciting growth stocks. Despite the stock market crash, some UK companies are growing at a phenomenal speed right now and delivering blockbuster returns for investors in the process.Here, I’m going to highlight two hot UK growth stocks I’d buy now. In my view, these stocks have considerable growth potential.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Insiders are buying this growth stockOne hot stock I’d buy today is Boohoo (LSE: BOO). It’s a fast-growing online fashion retailer that owns a number of popular brands including Boohoo, BoohooMAN, PrettyLittleThing, and Nasty Gal.I think Boohoo could deliver blockbuster growth in the years ahead. Not only should it benefit from the accelerated shift to online shopping, but it should also benefit from the work-from-home trend. Its low prices should also appeal to consumers in the current economic environment. Analysts expect sales growth of more than 30% this year, which is very impressive when you consider the state of the UK economy at present.Boohoo’s share price has pulled back recently. One reason for the pullback is that the company’s auditor, PwC, has said that it plans to step down in the near future. Some investors see this as a red flag.Personally, I’m not too concerned about the auditor issue. This is because top level insiders at Boohoo including the Chairman and CFO have been buying shares recently. This indicates that they’re confident about the future (and expect the stock to rise). So, I see the recent share price weakness as a buying opportunity.Boohoo shares currently trade on a forward-looking P/E ratio of about 28 using the earnings forecast for the year ending 28 February 2022. I think that’s a steal. At that valuation, I see this monster growth stock as a strong buy.A founder-led company with huge potentialAnother exciting UK growth stock I’d buy right now is Alpha FX (LSE:AFX). It’s a fast-growing, founder-led financial services company that helps businesses manage currency (FX) risk. Its clients include the likes of ASOS, Holland & Barrett, and Halfords.Alpha FX has grown at a phenomenal rate over the last three years. Between FY2016 and FY2019, revenue increased more than 300%. Looking ahead, the company looks set to continue growing rapidly. Analysts expect top-line growth of 18% this year and 19% next year.A recent trading update showed that Alpha has plenty of momentum at the moment. The company said that trading in September had been “particularly strong” across all areas of the business and increased its expectations for full-year earnings. “I am looking forward to the rest of the year and beyond with optimism,” commented Morgan Tillbrook, founder and CEO.Alpha FX has all the right ingredients to be a very profitable long-term investment, in my view. It has a strong track record of growth, is highly profitable (three-year average return on capital employed of 22%), and it has a strong balance sheet. It also has a passionate founder who is very driven. The stock’s P/E ratio is about 30 using next year’s earnings forecast, which isn’t excessive, I feel.I’d buy this monster growth stock now. See all posts by Edward Sheldon, CFA Simply click below to discover how you can take advantage of this.last_img read more

NECW: A tribute to a friend

first_img Rector Belleville, IL Sue Hookom says: Rector Martinsville, VA New Berrigan Book With Episcopal Roots Cascade Books An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Knoxville, TN General Convention 2012 The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Collierville, TN Posted Jul 7, 2012 Submit an Event Listing AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis July 8, 2012 at 8:49 pm There is not a tribute too large for Mary Ellen Smith…..I too wished I could have be there …..thank you for organizing this wonderful tribute to an amazing person….. Submit a Job Listing Comments are closed. The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Associate Rector for Family Ministries Anchorage, AK Rev’d Dr Susanna Metz says: Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest July 8, 2012 at 8:42 am what a wonderful tribute! Sorry I’m not there to join in, too, but prayers will be coming over for all from England! Family Ministry Coordinator Baton Rouge, LA Mary Rosendahl says: Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Rector Pittsburgh, PA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Smithfield, NC Curate (Associate & Priest-in-Charge) Traverse City, MI Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector/Priest in Charge (PT) Lisbon, ME An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Albany, NY Tags Associate Priest for Pastoral Care New York, NY Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York NECW: A tribute to a friend Featured Events Rector Hopkinsville, KY Bishop Diocesan Springfield, IL Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Washington, DC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Priest Associate or Director of Adult Ministries Greenville, SC TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Comments (3) Canon for Family Ministry Jackson, MS Rector Tampa, FL Featured Jobs & Calls Youth Minister Lorton, VA Cathedral Dean Boise, ID General Convention, Assistant/Associate Priest Scottsdale, AZ Curate Diocese of Nebraska Priest-in-Charge Lebanon, OH This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Associate Rector Columbus, GA Director of Administration & Finance Atlanta, GA [Triennial Today] The loss of a friend or loved one can create a void in the heart that is difficult to fill. So it was for Catherine Lillibridge, when she lost her friend Mary Ellen Smith, 56, wife of the Rt. Rev. Dabney Smith, bishop of Southwest Florida, to cancer in March of this year.Saddened by the loss of her friend, Lillibridge, who is also married to a bishop (the Rt. Rev. Gary R. Lillibridge, bishop of West Texas), wanted to do something to honor Smith’s memory, but wasn’t certain about how she should go about it. Then, Lillibridge learned that about the first ECW Triennial 5K Walk/Run, scheduled for July 8 at 6:30 a.m.Since both she and Smith were runners and fitness enthusiasts, she decided that she would run in the event to honor her friend. However, after going online to register, Lillibridge was impressed by the beauty of the Indianapolis Canal Walk, where the walk/run is scheduled to take place. It was suddenly clear that she wanted to do something even more special and life affirming to remember Smith.“Mary Ellen and I would walk together each time we went to a House of Bishops or Sewanee gathering. When I saw a picture of the canal and path in Indianapolis that we will walk/run for the 5K, I knew I would be doing this with Mary Ellen in my heart,” said Lillibridge. “It looked like the kind of place where Mary Ellen and I would have liked to walk together.”It was then that she decided to pick up the phone and call the event organizers to discuss just how to pay tribute to her friend at the event, she said.There was an emotional discussion of sponsorship and tribute possibilities. Afterward, it was decided that 5K participants could walk (or run) the event in Mary Ellen Smith’s memory, and that purple armbands bearing Smith’s name (purple being the official representative color of the bishops) would be made available to friends, colleagues, and others walking in her honor.“I contacted Bishop Smith, to make sure he was comfortable with a tribute to Mary Ellen,” Lillibridge remembers. “He was thrilled! In fact, he asked if he should sign up for the race.”Of course, Lillibridge’s response was a resounding “Yes!”With the bishop’s blessing, plans for the tribute fell into place. Lillibridge composed an e-mail to all the bishops, and their spouses, encouraging them to walk in Smith’s memory. She even included a link to the ECW 5K Walk/Run registration site.For those who sign up for the event through that link, and notify Lillibridge, an armband ready for them to wear during the race. The handcrafted armbands are made of purple cloth—donated by yet another clergy spouse—and fabric glue. Each armband bears the words “In Loving Memory of Mary Ellen Smith.”Lillibridge anticipates that a number of convention attendees from the bishops’ community will respond to the 5K tribute for Mary Ellen Smith; she also hopes that convention delegates from Southwest Florida will sign up in for the event in support of their bishop, and the memory of his wife of 36 years.As recently as July 4, Lillibridge’s reported that–although her original plan was to make between 60 to 100 armbands, but the requests for them keeps increasing.One thing is for certain, Lillibridge looks forward to seeing the flashes of purple among the participants — an homage to her friend’s strength, courage, friendship, and unwavering fortitude. Rector Shreveport, LA Missioner for Disaster Resilience Sacramento, CA Press Release Service Rector Bath, NC Director of Music Morristown, NJ Rector and Chaplain Eugene, OR Assistant/Associate Rector Washington, DC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Course Director Jerusalem, Israel July 8, 2012 at 7:42 pm What a wonderful, wonderful tribute to Mary Ellen. Wish I could be there. Bless you all. Rector (FT or PT) Indian River, MI Submit a Press Release Assistant/Associate Rector Morristown, NJlast_img read more

Journalist seriously injured and four others get death threats from Islamic fundamentalists

first_img to go further RSF_en Receive email alerts News February 26, 2021 Find out more Reporters Without Borders (Reporters sans frontières) and the Bangladesh Centre for Development, Journalism and Communication (BCDJC) have expressed their grave concern about an attempt to kill journalist Belal Chowdhury and about death threats made to four other reporters by Islamic fundamentalists in Faridpur, west of Dhaka.”Fundamentalists seem to hold sway in the city and journalists who try to openly defend the right to free expression are hounded and attacked without any reaction from the authorities,” said Reporters Without Borders secretary-general Robert Ménard and BCDJC president Nayeemul Islam Khan in a letter to interior minister Altaf Hossain Chowdhury.The organisations called on the minister to take all necessary steps to end the violence and threats by fundamentalists against journalists. The two organisations which, along with other journalist groups, will go to Faridpur on 30 and 31 October on a assessment and solidarity mission, also urged police to move quickly to arrest those involved in the attempt to murder Belal Chowdhury.Chowdhury, a reporter on the local newspaper Dainik Thikana, was physically attacked and beaten unconscious in a Faridpur market on 24 August by five people armed with machetes and axes. He was taken to the city hospital with 15 serious wounds and then transferred to a hospital in Dhaka, where his condition remains worrying.His brother has filed a complaint with Faridpur police accusing three local criminals of the attack. Police have not so far made any arrests.The attack on Chowdhury followed death threats by the Tuhidi Janata fundamentalist group against journalists supporting a local theatre group being harassed by fundamentalists and local authorities. The Islamic militants persuaded local officials to ban the performance of a play called Khatha Krishnakhali on grounds of blasphemy and after street demonstrations by fundamentalists, the author and producer of the play were arrested.  The actors have gone into hiding for fear of being detained also. People convicted of blasphemy risk the death sentence. Follow the news on Bangladesh Organisation On 23 August, the fundamentalists began targeting journalists from the national dailies Janakantha, Bhorer Kagoj, Prothom Alo and Ajker Kagoj, who had reported these events and voiced support for the theatre group. Chowdury had criticised in his paper the call by the leaders of the fundamentalists for members of the theatre group and their journalist supporters to be hanged.Prabir Shikder, Janakantha’s correspondent in Faridpur, has filed a complaint on behalf of the journalists who have been threatened.  Shikder escaped an attempt to kill him in the centre of Faridpur in April last year but had to have his right leg amputated because of a bullet wound. He was attacked a few days after writing that businessman Musa-bin-Shamsher had been a “war criminal”. Police did not complete their investigation of the attack and no-one was brought to trial. News Bangladeshi reporter fatally shot by ruling party activists News February 22, 2021 Find out more Bangladeshi writer and blogger dies in detention Help by sharing this information BangladeshAsia – Pacific RSF calls for the release of Bangladeshi journalist Rozina Islam, unfairly accused of espionage News BangladeshAsia – Pacific August 27, 2002 – Updated on January 20, 2016 Journalist seriously injured and four others get death threats from Islamic fundamentalists May 19, 2021 Find out morelast_img read more

Abbott appoints judge Hays to state commission

first_img Facebook Pinterest Pinterest WhatsApp Abbott appoints judge Hays to state commission Twitter WhatsApp By admin – June 12, 2018 Facebook Twitter Local NewsGovernment Debi Hays Texas Gov. Greg Abbott has appointed new Ector County Judge Debi Hays to the Commission on State Emergency Communications for terms through to 2023.The commission is charged with administering the state’s 9-1-1 service program and the statewide poison control program, detailed a Tuesday release from Abbott’s office.Hays was sworn into her position as county judge just Monday at a commissioners’ court meeting, after former county judge Ron Eckert resigned from the post.Hays, a businesswoman of Odessa, won the Republican primary for the post in March, and immediately became the de facto next county judge as no Democratic challenged to run in November.Cathy Skurow, mayor of Portland, Texas, was also named to the communications commission per Abbott’s release. Previous articleBoy Scouts host flag ceremonyNext articleBOXING: Odessa’s Alday Jr. has in-ring return scheduled for July 20 adminlast_img read more

Fannie Mae Hires Financial Advisor

first_imgHome / Daily Dose / Fannie Mae Hires Financial Advisor Demand Propels Home Prices Upward 2 days ago Fannie Mae Hires Financial Advisor  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles About Author: Mike Albanese Previous: How Lockdowns are Impacting Minority Homeowners Next: A Lookback on Combined Loan-to-Value Ratios Demand Propels Home Prices Upward 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago June 15, 2020 1,639 Views Tagged with: Fannie Mae FHFAcenter_img Fannie Mae announced Monday it hired Morgan Stanley & Co. as its financial advisor to assist in developing and implementing a plan for recapitalization and “responsibly” ending conservatorship.A statement from the GSE said while Morgan Stanley will work closely with Fannie Mae, the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury to consider business and capital structures, market impacts, timing, and capital raising alternatives.“Today’s announcement marks another important step toward a responsible exit from conservatorship, and we look forward to working with FHFA, Treasury, and Morgan Stanley to chart a strong course forward for Fannie Mae,” said Hugh R. Frater, CEO, Fannie Mae. “As we continue to stand behind our partners and support homeowners and renters through today’s challenges, we remain focused on ensuring our company is best prepared to serve the market’s future needs.”Fannie Mae added that selecting a financial advisor is an “important milestone” to meeting Fannie Mae’s 2020 FHFA scorecard objective to prepare a transition plan to exit conservatorship.The GSE said that J.P. Morgan will provide strategic counsel and perform a range of tasks to “help facilitate Freddie Mac’s exit” from conservatorship.“J.P. Morgan is pleased to be selected as Freddie Mac’s underwriting advisor,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “We look forward to working side-by-side with Freddie Mac on this historic assignment in the months ahead.”The GSE announced last month that it would begin the process of selecting a financial advisor.“While we are fulfilling our mission and helping to keep people in their homes during this national emergency, we also remain committed to ensuring a responsible exit from conservatorship,” said Frater. “Today’s announcement is a significant step on that path, and we look forward to making a timely selection in the competitive process.”Engaging a financial advisor is an important milestone in meeting Fannie Mae’s 2020 FHFA scorecard objective to prepare a responsible transition plan for a potential exit from conservatorship. The support of private capital will contribute to increasing the resiliency of the housing finance system.FHFA Director Dr. Mark Calabria told FOX Business late last year that Fannie Mae and Freddie Mac are building the capital necessary to get out of conservatorship, but there is still a little way to go.”I believe that under the statute I am required to fix [Fannie and Freddie],” Calabria said.”Fannie and Freddie are less leveraged than when I started,” Calabria added. “We’re going in the right direction.” Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae FHFA 2020-06-15 Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Share Save The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days agolast_img read more

Tompkins Budget 2020: Here’s a first look at the $191 million budget

first_img Kelsey O’Connor is the managing editor for the Ithaca Voice. Questions? Story tips? Contact her at [email protected] and follow her on Twitter @bykelseyoconnor. More by Kelsey O’Connor Tagged: budget 2020, climate change, ithaca, tompkins county energy strategy, tompkins county legislature center_img Kelsey O’Connor TOMPKINS COUNTY, N.Y. — Budget season has begun. On Tuesday, Tompkins County Administrator Jason Molino released his proposed $191.8 million budget for 2020. Again this year, the tax levy has increased, but the tax rate has gone down.A key initiative outlined in next year’s budget is laying the groundwork to achieve a goal of net-zero emissions in county operations by 2035. Over the next 15 years, the county intends to invest $100 million to get as close to eliminating greenhouse gas emissions as possible.Before getting into the details — how will the budget impact local taxpayers? Again this year, the budget includes a property tax levy increase and a property tax decrease. The proposed tax levy increase is 2.76%. Meanwhile, the tax rate has decreased for the sixth year to $6.31 per $1,000 of assessed property. So, the owner of a median-valued single-family home of $190,000 in Tompkins County would see an increase in their property tax bill of $12.86. The budget also recommends a solid waste annual fee increase of $2, which would bring it up to $60.An increase in development in recent years has helped the tax base grow, keeping the tax rate down. According to Molino, the tax base increased by 4.2% last year. Since 2015, the tax base has increased by 17%. As of July 2019, the total taxable base in Tompkins County is $8.1 billion, up from $7.7 billion the previous year.Molino said the budget continues to benefit from a strong local economy, saying for the fifth year, the budgeted cost of mandated human services programs has remained manageable “in part, because of an economy that is creating opportunities for employment.”Tompkins County legislators and the public got a first look at the proposed 2020 budget Tuesday at the Tompkins County Legislature meeting. From here, legislators will dive deeper into the budget and listen to department leaders and members of the community before making any final decisions. The process usually takes more than a month. More information on the budget and process is available from the county here at the 2020 Budget Page.The recommended budget increases funding for some programs, builds on existing projects and includes some new ones to meet the county’s “space management, emergency services, informational technology, energy, and other needs” over the next 15 years. According to the proposed budget, some of those include:Developing a downtown facility — Legislators recently approved the purchase of property on North Tioga and Sears streets for $1.8 million. Currently, the county estimates it will cost up to $22 million to construct a new 37,000 to 47,000 square-foot building.$30 million for public safety building improvements.$2 million for emergency response improvements and $4.5 million to establish a backup dispatch center$32 million over the 15-year period to make “needed improvements to existing county facilities with the goal of achieving net-zero emissions – and $200,000 for engineering related to those projects.$2 million to convert the county’s 70-vehicle passenger fleet to electric vehicles.$1.8 million continuing annually for capital improvements to roads and bridges.With the 15-year plan and significant funding proposed over that period, the county is investing in climate goals it has committed to over the years.“We’re probably one of the first communities to really take a step towards minimizing greenhouse gas emissions, a real step, not adopting a resolution of support or intent,” Molino said.Over the years, Tompkins County has shown support for sustainability and addressing climate change. In 2017, the county pledged support for the Paris Climate Accords after President Donald Trump withdrew the U.S. from the agreement. The New York Department of Environmental Conservation named Tompkins County a “Certified Climate Smart Community” after the county reduced government operations greenhouse gas emissions by 53% and community greenhouse gas initiatives by 21%. In 2016, Tompkins County planners presented a roadmap which aspires to achieve an 80% reduction in greenhouse gas emissions by 2050. The roadmap consisted of initiatives to create energy efficiency in buildings, transition from grid-supplied electricity to local renewable energy, shift from natural gas to heat pumps and biomass heating, move towards electric vehicles and reduce the overall miles driven in the county. During that year, the county invested in hybrid electric vehicles, more bike racks, and the reduction of food scraps and other waste. LED lighting was also added to several of the county’s facilities like the reception area of the Mental Health Building as well as the exteriors of the Health Department and Recycling and Solid Waste Center.The county most recently updated its energy strategy in Aug. 2019. The updated strategy included an analysis to see if the county can commit to net-zero emissions in the shortest timeframe possible which could be 2030, 2040 or 2050. Tompkins County also plans to conduct more feasibility studies to aid in reducing emissions, host an “Energy Summit” to discuss climate and sustainability in the community, and continue to support programs like the Business Energy Advisors Program that can help businesses and non-profits reduce their buildings’ greenhouse gas emissions.The budget does include some risks and expenses the county may encounter in 2020, including recycling and materials management and the airport. Recycling revenue has continued to decline sharply while expenses increase. The county is expecting to end 2019 with a $400,000 operating deficit. The Ithaca Tompkins Regional Airport is also soon wrapping up a major renovation, which cost about $37 million. Though $27 million has been covered with reimbursables, Molino said, about $10 million in non-reimbursable costs will be locally bonded and initial costs for a new customs facility are estimated to be about $150,000 to $250,000.The county will also have to allocate funding to keep up with a few unfunded mandates, including early voting and criminal justice reform. Medicaid remains the largest single cost in the county’s budget at $11.8 million.A few tidbits after a first glance at the budget:The budget includes a 5% increase in sponsor contribution for Tompkins Cortland Community College, bring the county’s contribution to $3.13 million for the 2020-21 academic yearIn previous years, criminal justice reform and alternatives to incarceration have key talking and funding points in the budget. The proposed 2020 budget still includes some programs and initiatives, including investing in the outdated public safety building. As The Ithaca Voice recently reported, the jail population has continued to decrease and was actually boarding in inmates this summer. The proposed budget includes $110,000 for the College Initiative Upstate Program.Last year during budget season, the community voiced strong support for the county to increase funding for a local outreach worker program that helps people in distress in Tompkins County. The proposed 2020 budget includes increased funding of $40,000 for another full-time outreach worker.With the presidential election coming up in 2020 along with early voting changes, the Tompkins County Board of Elections has requested $160,000 in additional one-time funding to support aspects of conducting the 2020 elections and early voting.Legislator Mike Lane, who chairs the budget, capital, and personnel committee, said Tompkins County is a center for growth in the region, and as such has to respond to many different demands for service.“We need to continue to make this the kind of community that people want to come to, to stay, to raise their families in, and to educate them here, and we’re proud of our community and we’re proud of the work our county does for all municipalities. I think this budget reflects a lot of work and a lot of understanding of that goal,” Lane said.The proposed budget will be available for review at www.TompkinsCountyNY.gov/ctyadmin/2020budget. Legislators will begin reviewing the budget in detail at 5:30 p.m. Thursday, Sept. 5. Public copies of the budget are available for review at the county administration office, 125 E. Court St., third floor, and at the office of Tompkins County Legislature, 121 E. Court St., Ithaca.Check back for more updates as the budget discussions continue. Is there a topic area you would really like to see covered related to the budget? Or is there a question you would like answered? Email Kelsey O’Connor at [email protected] Voice Contributor Meghna Maharishi contributed to this report. Your government news is made possible with support from: last_img read more

Air Corps joins search for missing woman Rhonda O’Loughlin

first_img WhatsApp WhatsApp Important message for people attending LUH’s INR clinic Facebook Google+ Google+ Pinterest Nine til Noon Show – Listen back to Monday’s Programme By News Highland – September 28, 2018 RELATED ARTICLESMORE FROM AUTHOR Twitter Twittercenter_img Facebook Air Corps joins search for missing woman Rhonda O’Loughlin The Aer Corps has joined the search for missing woman, Rhonda O’Loughlin.Searches are continuing after the 34 year old was last seen at around 1:30pm on Sunday afternoon last in the vicinity of Bridgetown, Laghey, walking in the direction of the N15, Donegal Town to Ballyshannon Road.Ms O’Loughlin is described as 5ft 5′ in height, of a slim build with brown/auburn coloured hair and was last seen wearing a red top, grey tracksuit bottoms and distinctive pink footwear.Anyone with any information is asked to contact Gardai at Ballyshannon on 071 9858530. Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest News, Sport and Obituaries on Monday May 24th Previous articleMonastic round tower discovered in DerryNext articleInjury rules Toland out of Ireland Friendly News Highland Arranmore progress and potential flagged as population grows Homepage BannerNews Community Enhancement Programme open for applicationslast_img read more

Anti-ageism code needs a promotional helping hand

first_imgRelated posts:No related photos. Comments are closed. TheGovernment is failing to promote its code on age diversity and employers havenot got the message yet about introducing policies to recruit and retain anolder workforce. Karen Higginbottom reports on the wide-ranging calls forgreater effortsThecode of practice on age diversity is failing to have an impact on ageism in theUK workforce two years after its introduction.Twopieces of recent research, one by the Government itself, suggests that manylarge employers haven’t even heard of the code – the Government’s code ofpractice on Age Diversity in Employment. While some cannot see the urgency ofadopting the code – age discrimination legislation does not come into forceuntil 2006 – others simply do not know anything about the code.Areport by IRS Management Review and the Employers Forum on Age shows that onlyone in four employers has adopted the code.Italso claims that only half of the 105 large organisations which responded haveput in place, or are planning to implement, policies and practices specificallyaimed at recruiting and retaining older workers. These organisations employ1.25 million staff. Thereport claims that the Government has failed to communicate the businessimplications of demographic change.ManyHR professionals agree. As Juris Grinbergs, HR director of Littlewoods,commented, “I haven’t seen a massive amount of activity from theGovernment.”Thereis a strong business case for the Government to promote the code harder.RayBaker, employment and diversity controller for B&Q, who is also on themanagement board of the Employers Forum on Age, is unsurprised by theresearch’s findings. He said, “These results go to the heart of theguidelines for most companies. Unless employers start understanding the businessbenefits of older workers a lot of companies will continue as they are.”Bakerargues that while legislation won’t be in place until 2006, employers shouldact now because of skill shortages and an already ageing population. Thedemographics support his argument. There are 18.9 million people aged 50 andover in the UK, representing 40 per cent of the UK workforce.Eventhe Government’s own research is critical. A report by the employment selectcommittee claims that only 37 per cent of employers are aware of the code. Itsays the code has been insufficiently publicised and raised doubts as towhether it would prove effective in changing company policy. It also suggeststhere is a problem with HR managers effectively disseminating information aboutthe code within organisations.Employmentand equal opportunities minister Margaret Hodge admitted to the selectcommittee on education and employment that more work needed to be done to speedup employers’ rate of changing practices on age discrimination.Hodgeremains defiant over the Government’s commitment to combating discrimination,however. She said, “The demographic changes that will occur within thelabour market mean the economy will not survive without using the talents andexperience of older workers.” In its defence, the Government points to itsnew age-positive campaign which it launched two weeks ago, in partnership withthe CIPD.TheCIPD is sending out mail-shots to its members to highlight the benefits ofemploying a diverse age workforce. But few believe that it is enough. Bakerbelieves the Government hasn’t pushed hard enough to communicate the advantagesof a mixed age workforce. He recommends the Government gets chief executives onboard to raise awareness of the issues.Grinbergsargues that the Government has to go beyond piecemeal initiatives. “Agediversity policies have to become part of the mainstream employmentpolicy,” he said.Theeconomic benefits of an older workforce are clear. Research by the EmployersForum on Age shows that two- thirds of employers believe the most importantcharacteristic that older workers bring to their workplace is their experience,followed by commitment and customer handling skills.”Olderworkers are more financially secure and less likely to job hop. This often leadsto a more stable workforce,” said Grinbergs. Littlewoods employs asubstantial number of older workers among its 27,000 workforce, he claims.Theresearch also shows that while two-thirds of employers monitor the age profileof their workforce, few are examining recruitment and training decisions forage bias.Bakersaid, “Employers have to design their recruitment and training policies tocheck for age bias. Some employers have race, disability, age and gender builtinto their equal opportunities policy but whether they do anything about it isanother matter.”Theoverriding message from the two surveys of age diversity shows that thevoluntary code of practice has had a negligible impact on employers.Butemployers should be introducing age diversity policies well before 2006.Eversheds lawyer Martin Hopkins claimed at a recent conference, “Agediversity is a critical issue and on which employers must act on now. We areadvising them not to wait for the introduction of legislation.”ManyHR experts believe the Government must grasp this opportunity to highlight thebusiness case for employing older workers as the research indicates thismessage is not getting through to UK employers.SamMercer, campaign director of the Employers Forum on Age, urges the Governmentto learn from its mistakes. She said, “While we believe the code is avaluable document, its failure to make a significant impact reinforces the viewthat more must be done to convince employers of the business benefits of anage-diverse workforce. Anti-ageism code needs a promotional helping handOn 10 Apr 2001 in Personnel Today Previous Article Next Articlelast_img read more

Suffolk OTB to acquire Jake’s 58 in $120M deal

first_img Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Jake’s 58 (Google Maps, iStock)When Rudy Giuliani was mayor, he liked to call the city’s Off-Track Betting the only bookie in the world that loses money.It looks like Suffolk OTB is having better luck.The Hauppauge-based bookie is buying out a company that owns Jake’s 58, the video-lottery casino and adjoining 228-key hotel in Islandia, in a roughly $120 million deal, according to Newsday. That price tag also includes a buy-out of Buffalo-based hospitality company Delaware North’s management fees.The acquisition will end OTB’s contract with Delaware North — on which 46 years remained — saving it $13 million a year in rental and management fees. It will also put a years-long dispute over revenues to bed.ADVERTISEMENTAbout 93 percent of what the casino pulls in goes back to bettors, leaving 7 percent for Delaware North, the casino’s vendors and the state’s public schools. Suffolk OTB sued Delaware North in 2019, alleging that the hospitality company used the casino as a “piggy bank” to cover its other expenses. Delaware North countersued and the two companies ultimately reached a settlement.Suffolk OTB’s acquisition will mean more cash for the county, said company spokesperson Jon Schneider.“Simply put, ownership of the Jake’s 58 property and management of the casino hotel will put Suffolk OTB in a position to contribute more money to Suffolk County than it otherwise would, a benefit that will only grow in time,” he told the publication.Jake’s 58, which sits on the Long Island Expressway North Service Road, has ranked among the highest-grossing video-lottery casinos since it opened in February 2017. It’s raked in $250 million per month since reopening in September, Gaming Commission records show.County officials plan to hire a consultant to review the plan.[Newsday] — Danielle Balbi Tags Commercial Real Estatehamptons-weeklylong islandsuffolk countylast_img read more