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Springfield plans to use investment income to offset property taxes
The metropolis of Springfield, Massachusetts is banking on an investment decision to aid reduce residence taxes following calendar year. The city will invest $45 million from its stabilization reserves, or “rainy day” fund, in significant-yield, minimal danger, Federal Treasury Notes and use the return on the financial commitment, which is calculated to be just around $2 million, to cut down the home tax levy by that amount up coming 12 months, introduced Mayor Domenic Sarno. “It’s sensible, it’s prudent, it is risk-free,” he claimed. He said following the city buys the 1-year Treasury Notes there will be $5 million remaining in the stabilization account for emergencies and a lot more…
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Oracle Cerner plans to ditch most of its Kansas City campuses
Oracle plans to vacate most of Cerner’s serious estate in Kansas Metropolis next its obtain of the well being care IT firm this summer months. Oracle Cerner informed personnel over the weekend that the corporation would vacate its entire world headquarters campus in North Kansas Town and a person of its South Kansas City campuses. The enterprise will consolidate its area personnel at its Innovations campus in close proximity to Interstate 435 and Bannister Street. Situated at the previous Bannister Mall web-site, Cerner unveiled the initial section of that 290-acre campus in 2016. “The Innovations campus encompasses nearly 2 million square feet of present day workplace space, featuring numerous dining…
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A developer plans luxury homes on a beloved Main Line property. But locals are pushing to ‘Save Rock Hill Farm.’
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