The City of Phoenix has released its initial budget overview for fiscal year 2022/23. Currently, the preliminary budget projections estimate a $76 million surplus in the city coffers. This surplus includes an estimated $44 million in one-time resources primarily caused by higher than anticipated vacancy savings and carryover of the City Council approved Coronavirus Relief … Read more
Last October, Maricopa County Superior Court Judge James Smith blocked Arizona from collecting $1.1 million from the city of Flagstaff to compensate for its minimum wage that is higher than the state’s rate, ruling that the state missed a deadline for the assessment and was stretching a law targeting higher voter-approved city wages to collect its … Read more
Update to Institutional Investors Buying Up Properties Are Putting Inflationary Pressure On Rents And Home Prices. Some good news (maybe) today. Axios reports America’s housing boom is also a backlog: America doesn’t have enough homes for all the people who want to buy them. So the construction sector is getting busy — or at least … Read more
Inflation is being driven by certain sectors of the economy, for the purposes of this post, we will look at energy costs. The U.S. Energy Information Administration says “Crude oil prices are determined by global supply and demand,” rather than supplies available in localized or regional markets. Importantly, “Geopolitical events and severe weather that disrupt … Read more
Inflation is being driven by certain sectors of the economy, for the purposes of this post, we will look at housing costs. U.S. News and other media outlets recently reported, Rents Reach ‘Insane’ Levels Across US With No End in Sight: Rents have exploded across the country, causing many to dig deep into their savings, … Read more