Early Social Security benefits pile up as retirees take early cashouts
The annual Social Security trustees report shows benefits will exceed tax revenue through 2011 and again after 2015 as 78 million baby boomers retire. Early opt ins shrink monthly checks but average out to the same lifetime benefit, prompting some to retire early while others delay or adjust work. Naples resident Jack Dixon stopped full time work to reduce stress and rely on smaller checks.
MENTIONED IN THIS ARTICLE
Maria Freese
National Committee To
Social Security
Medicare
Freese
Jack Dixon
Naples
Fla
Cedar Rapids Hotel Tax Funds Culture and Tourism
Kelly Hayworth notes the city diverted 700000 from the Iowa River Landing TIF to cover bond debt as hotel revenues rebound. He says hotel activity offsets costs, with Marriott hotel tax revenue increasing this year. Cedar Rapids faced a 120000 shortfall in hotel motel receipts but used a surplus to sustain grants to the Cedar Rapids Museum of Art and Brucemore. Vavroch hopes Kirkwood Community College’s 71 room hotel opening will boost future collections.
MENTIONED IN THIS ARTICLE
Hayworth
Iowa River Landing
Marriott Hotel
Sue Varroch
City Treasury
Cedar Rapids
Cedar Rapids Museum of Art
Brucemore
Vavroch
Kirkwood Community College
APAC
C.R. Ice
C.R. Museum of Art
C.R
History Center
Paramount Theatre
U.S. Cellular Center
C.R. Convention & Visitors Bureau
C.R. Recreation
Ushers Ferry
African American Museum of Iowa
C.R. Opera Theatre
C.R. Symphony
C.R. Aquatics Association
C.R. Freedom Festival
C.R. Soccer Association
Eastern Iowa
Legion Arts Landfall Festival
C.A
SPT Theatre Company
Iowa
Hotel motel tax funds support Brucemore and others in city
Brucemore Executive Director Jim Kern warns that hotel motel tax revenue, key for day to day operations, may be redirected to fund the downtown Event Center, jeopardizing Brucemore's $36,000 allocation and its single staff position. Coralville’s visitor demand from the University of Iowa cushions room-slump impacts, says Josh Schamberger of the IC-CVCB.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Carl & Mary Koehler History Center
Museum of Art
Coralville
University of Iowa
Josh Schamberger
Iowa City-Coralville
Hotel motel tax funds Iowa City bureau face dip in year
Iowa City-Coralville Convention and Visitors Bureau collected 594 866 from hotel-motel taxes in the last fiscal year, down from 613 866. The drop hits about half the bureau’s budget but did not force cuts. Revenue declines reflect softer room rates and delayed renovations as occupancy improves.
MENTIONED IN THIS ARTICLE
Schamberger
Hotel motel tax rate debate sparks integrity concerns
Schamberger cautions about rate adjustments as hotels lower prices. He warns it can take a year to restore rates to former levels. Contact avid dewitte at gazcom for comments at 319 398 8317.
MENTIONED IN THIS ARTICLE
Schamberger
Avid
Dewitte
Gazcom
Grassley blasts Medicare fraud contractors as waste grows
Senate Republican Grassley warns contractors hired to guard Medicare against fraud may deliver poor value. He cites 2007 private payments of 835 million with only 7 percent recovered and 2009 overpayments totaling more than 36 billion. Obama admin plans reorganization and new Zone Program Integrity Contractors to improve oversight and reduce pay and chase incentives.
MENTIONED IN THIS ARTICLE
Obama
Barack Obama
Medicare
Grassley
Senate
Health and Human Services Inspector General
Inspector General
Peter Ashkenaz
Ipics
Also Mentioned on This Page
Jim Kern
Berger J.C
Coralville Convention
Duffy
Clarion
Moose Lodge
George W McCullough III
West Post Rd
Marion
7Th Ave
A Avenue
Medical Office
Hiawatha
Center Point
Ist Ave
10Th St
Edgewood Rd
West Side
South Blairs Ferry
Northridge
Mediabs.org
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