Archive for News

Powerball retirement planning

SPONSORED POST.
By Brian Wolf
Insider’s Financial
In today’s column, I’d like to talk about the lack of savings plans within American households.

According to the Center of Retirement Research, 53 percent of Americans households are “at risk” for not having enough money for retirement to maintain their standard of living. For all you non-math wizards, that’s more than half. Here is another mind-blowing statistic; more than a third of workers have less than $1,000 saved up for retirement (not counting pensions and home equity), while 60 percent have less than $25,000 saved up.

If you’re wondering how this can be, you’re not alone. Read more . . .

HL Area Chamber of Commerce seeks kitchen coordinator for its expo

HOWARD LAKE, MN – Howard Lake Area Chamber of Commerce discussed its need for a volunteer to coordinate kitchen and cooking duties for its business expo, which will take place Saturday, March 21, 2015 at Howard Lake-Waverly-Winsted High School.

For full story, see Dec. 22 issue.

 

Five HL businesses fail tobacco compliance checks

HOWARD LAKE, MN – The Howard Lake Police Department conducted tobacco compliance checks at five businesses in Howard Lake Dec. 9.

All five businesses failed, by selling cigarettes to a 16-year-old girl, according to a memo to the city council.

For full story, see Dec. 22 issue.

Hoodies stolen from Hutchinson J.C. Penney

McLEOD COUNTY, MN – Police are looking for a suspect accused of stealing about 20 Nike hoodies with an estimated value of $1,100 from J.C. Penney in Hutchinson just after 6 p.m. Dec. 8, KDUZ reported.

Store officials say a male, about 5’8” tall, with a shaved blonde head put the hoodies in a bag, left the store, and then drove off in a silver 2000 Chrysler 300. The license plate identified the owner as living in Minneapolis. However, when Minneapolis Police followed up, they said the owner no longer lived at that address. Authorities tracked down a relative of the suspect living in Arden Hills, who told Minneapolis police that the car had been sold to an unknown person for drug money. The investigation continues.

Photo: Siren contributors gather in Winsted

WINSTED, MN – Representatives from businesses and organizations that donated money toward a new civil defense siren near the Winstock festival grounds met at Winsted City Hall Dec. 16. Pictured are Tod Norgren of CenterPoint Energy, Gerald Kucera of DuPont Pioneer, Winstock committee member Ron Otto, Clem Crowley of Centra Sota, Winsted Police Chief Justin Heldt, Winsted City Administrator Clay Wilfahrt, and Winsted Mayor Steve Stotko. The total cost of the new siren was just over $19,000. Donation amounts were $2,500 from CenterPoint Energy, $2,500 from DuPont Pioneer, $1,500 from Centra Sota, and $5,000 from the Winstock committee. As of Dec. 16, Winsted Police Chief Justin Heldt said the siren has not been delivered yet, but he anticipates installation in early spring.

Siren contributors gather in Winsted Representatives from businesses and organizations that donated money toward a new civil defense siren near the Winstock festival grounds met at Winsted City Hall Tuesday morning. Pictured are Tod Norgren of CenterPoint Energy, Gerald Kucera of DuPont Pioneer, Winstock committee member Ron Otto, Clem Crowley of Centra Sota, Winsted Police Chief Justin Heldt, Winsted City Administrator Clay Wilfahrt, and Winsted Mayor Steve Stotko. The total cost of the new siren was just over $19,000. Donation amounts were $2,500 from CenterPoint Energy, $2,500 from DuPont Pioneer, $1,500 from Centra Sota, and $5,000 from the Winstock committee. As of Tuesday evening, Winsted Police Chief Justin Heldt said the siren has not been delivered yet, but he anticipates installation in early spring.

Winsted’s tax rate is up 3 percent

WINSTED, MN – Winsted’s tax rate for 2015 is about 88.7 percent, which is up from last year’s rate of 85.5 percent.

For a house worth $150,000, this means a tax increase of about $39 for 2015. A commercial property valued at $1 million can expect an increase of $600.

The levy approved at the Dec. 16 council meeting totaled $1,122,654, which is 1.7 percent higher than last year’s levy of $1,103,432.

In addition to the general budget increase, Winsted is also raising prices for sewer and water use. Water will go up 2 percent (from $3.18 per 1,000 gallons to $3.24), and sewer will go up 8 percent (from $8.43 per 1,000 gallons to $9.10).

Typically the sewer rate increases 5 percent each year, but city staff recommended a higher increase in order to build reserves for future wastewater plant improvements.

What does ‘tax rate’ mean?
A city’s tax rate is calculated each year, based on the tax levy and the tax capacity.

In Winsted, the 2015 tax capacity (taxable market value multiplied by the state-mandated classification rate) is $1,264,532.

To get the tax rate, the 2015 tax levy ($1,122,654) is divided by the tax capacity ($1,264,532).

As a result, Winsted’s 2015 tax rate is about 88.7 percent.

Look for more coverage of the Dec. 16 meeting in the Monday, Dec. 22 edition of the Herald Journal.