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Small Business Holiday Report
According to reports released earlier this month by American Express, 53% of small businesses are adjusting budgets in preparation for additional costs Small Business Holiday Report, which highlights the major trends among U.S. small businesses heading into the holidays. Polling 550 small business leaders, the report shows that the businesses surveyed are ge…
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NFIB STUDY: SMALL BUSINESSES STRUGGLE WITH INFLATION, LABOR SHORTAGES
NFIB’s Small Business Optimism Index declined 0.8 points in October to 91.3, which is the 10th consecutive month below the 49-year average of 98. Thirty-three percent of owners reported that inflation was their single most important problem in operating their business, three points higher than September’s reading and four points lower than July’s highe…
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REVENUE FORECAST RAISES KICKER QUESTIONS
The signal was loud and clear this morning that lawmakers are coming after your kicker. In Salem, the state’s economists gave their quarterly revenue forecast to an interim committee of lawmakers. Surprisingly, even with high prices and increased interest rates, economists are still projecting short-term growth in tax monies coming into the state. In fact,…
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Oregon Taxes for Upcoming Ballots
With the elections upcoming and inflation at record highs, Americans turn their attention to ways to save money. This includes their tax plan as well.
In addition to $3.3 trillion in federal taxes, in 2018 Americans paid $950.5 billion in state taxes distributed across sales, income, property, license, and other taxes. Across all states, sales and gro…
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LAWMAKERS PUSH $22B INCOME TAX FOR FREE HEALTH PLAN
As the Lund Report notes, “The task force released a draft report on Monday and is accepting comment until the end of the day on Sept. 19. The report is due to be submitted to the Legislature later this month. Under the plan, lawmakers would create a single generous statewide comprehensive health insurance plan that eliminates premiums, co-pays, office vis…
The September Economic and Revenue Forecast
The September Economic and Revenue Forecast came out Aug. 31. Here are the highlights:
Bottom line: Gross general fund revenue for the 2021-23 biennium, which began on July 1, 2021, is now expected to be $27.9 billion. This exceeds the $23.3 billion forecast in June 2021 as the legislative session ended and just before the biennium began. The forecast now p…
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Taxpayers Association of Oregon: The Bull Pen
By October 1st, 2022, a new Oregon law will go into effect that bans hiring bonuses in the name of equality (HB 2818). The current practice of Tri-Met transit offering $7,500 and McMennamins restaurants offering $1,000 hiring bonuses will soon be illegal.
If minorities are suffering from lack of employment and businesses suffering from historic labor…
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Mortgage bonds cool down.
Homebuyers were gifted an opportunity in early Aug. as we saw the national mortgage interest average for a 30-year fixed conventional loan decline to 5.05% down from 5.90% almost a month earlier. The Federal Reserve raised the federal funds rate by 75 basis points signaling a strong posture to combat inflation in the economy. In anticipation of the news mort…
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Commercial Real Estate: Retail in Salem by Zip Code
Salem’s new Costco is complete, parking lots of our area’s shopping centers are largely full and our residents are seemingly back to normal following a Covid-induced slide in many retail sectors – particularly dining. There’s certainly more than meets the eye, which has never been more true than now in the retail sector of commercial real es…
Mortgage Market Offers a Lending Hand
SALEM- Tasha Brandon is a local Salemite who is now the co-owner of Mortgage Marketplace in south Salem.
Brandon recently opened the doors with business partner Mike Gillett after working in the industry for a few years.
The two worked at two different companies together before realizing there was a gap in lending in the community.
“We could see that th…
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