Since January 2025, the federal interest rate has remained unchanged at 4.25 to 4.5 percent. The rates have been steady in hopes of curbing inflation and bringing it down to two percent, as unemployment numbers were not concerning until now. The latest revision data, however, will likely push the Federal Reserve to cut rates in their next meeting this month to 4.00 to 4.25 percent.
Originally designed to serve specific community segments, credit unions have since expanded their reach and service offerings, making their tax exemptions increasingly valuable. From 1997’s exemption value of $89.1 million, the exemption’s worth has risen to $259 million in 2023. This report sheds light on the industry’s transformations, recent trends like mergers and acquisitions, and reevaluates the rationale behind the tax exemptions. It aims to fuel informed discussions on credit union taxation and their exemption status.
When the pandemic began the U.S. Department of Agriculture (USDA) extended free meals to school-age children all year long, including the summer months. The program will no longer be available at the end of this school year and many food insecure families are now facing a summer without school food assistance programs. The situation is made even more dire as inflation and the cost-of-living soars, leaving millions of individuals and families in critical need of year-round nutritional assistance.
There are times when we are uncertain what will happen if a particular public policy is implemented. A proposal in Congress about cuts in interchange fees on credit cards is not one of them.
How can scholastic debate and the business community work together to drive Florida’s students forward? One option is to look at existing programs, like the Broward County Public Schools (BCPS) Debate Initiative, which now boasts approximately 15,000 students in every high school and learning center, every middle school, and in more than 100 elementary schools. The Initiative is a partnership between BCPS and local businesses, whose sponsorships and donations are critical in supporting debate opportunities for BCPS students.
Florida taxpayers should start to pay attention to a debate that is playing out behind the scenes in the halls of Congress and would have a very real effect on Floridians.
To many people, the word “inflation” conjures up distant memories to some obscure high school economics class rather than offer some deep insight into the inter-workings of the economy. The topic appears mysterious in nature (understandably so), known by few outside of economics circles. Read more.
There are so many words that I could use to detail the challenges facing the banking industry in Florida and throughout the country. But, sometimes, a picture really is worth a thousand words…
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