first_imgWHAT’S ON YOUR MIND TODAY?“IS IT TRUE” will be posted on this coming Monday.Todays READERS POLL question is: DO you feel that Evansville City Council is transparent?Please take time and read our newest feature articles entitled “HOT JOBS” and “LOCAL SPORTS” posted in our sections.If you would like to advertise in the CCO please contact us City-County [email protected] 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributeFacebookTwitterCopy LinkEmailSharelast_img

Payback time

first_img Facebook Twitter: @NeosKosmos Instagram People who have benefited from Australian student loans and now live overseas will pay for them the same way they would if they lived in Australia following the passage of legislation through parliament. Minister for Education and Training Senator Simon Birmingham said it was estimated that up to $30 million was lost annually due to graduates moving overseas. Senator Birmingham said the passage of the (Overseas Debt Recovery) Bill 2015 and the Student Loans (Overseas Debtors Repayment Levy) Bill 2015 would ensure Australia’s world-class, income-contingent student loans scheme was fairer and more sustainable into the future. “Until now, people who took out a loan under the Higher Education Loan Program (HELP) or a Trade Support Loan (TSL) and moved overseas were under no obligation to repay their debt as long as they remained offshore residents,” Senator Birmingham said. “The Turnbull government is committed to ensuring the future sustainability of Australia’s student loans scheme and to ensuring it is fair for all Australians. “From 2016-17, anyone who has a Higher Education Loan Program or Trade Support Loan debt who earns above the minimum repayment threshold (currently $54,126) will be required to make repayments regardless of where they live. Australian taxpayers have lost an estimated $400 million to $800 million due to non-repayment of debts from students living overseas since the student loan scheme started in 1989. “It is estimated that around $20-30 million each year was lost due to graduates moving overseas,” Senator Birmingham said. “From 1 January 2016, all Australians with current and new HELP and TSL debt who move overseas for six months or more will be required to notify the ATO via the myGov website to facilitate repayments. “And from 1 July 2017, Australians with HELP and TSL debts who are non-residents for tax purposes will be required to assess their total Australian and foreign-sourced income in order to make income-contingent repayments, starting with the 2016/17 financial year.” Senator Birmingham said the Turnbull government’s changes also enabled Australian and overseas authorities to better share data to support debt recovery.last_img read more

Saving Property Values Clearboarding vs Plywood

first_img February 14, 2017 647 Views According to a report released on Monday, vacant and abandoned properties have a far-reaching toll on the communities they reside in—not only seeing lower property values but decreasing the values of neighboring homes as well.Titled “Curing Community Blight: A Cost-Benefit of Clearboarding versus Plywood to Secure Vacant and Abandoned Properties,” the study found that vacant or abandoned homes worth approximately $200,000 lose $70,000 of their value while adjacent vacant properties drop in value by $100,000. According to a Harvard University Joint Center for Housing Studies report referenced, 1.3 million vacant residential properties still plague the economy.The report, authored by former U.S. Treasury Department official Aaron Klein, found that clearboarding can provide a cost benefit ratio of 34:1 on the low side up to 140:1 over plywood. In addition to preserving values, the report found that clearboarding also reduces neighborhood crime rates.“Using clearboarding increases the total property values of a median foreclosed home and all neighboring homes by $13,000 to $57,000, while the marginal cost for using an alternative technology such as clearboarding is under $1,000,” the report notes. Compared to plywood, clearboarding increases property value by 0.2 percent throughout surrounding neighborhoods within a ⅛ mile radius.Today’s report was commissioned by Community Blight Solutions and Founder and Chairman Robert Klein (no relation to Aaron Klein.)“I think that this white paper makes it pretty obvious and pretty clear from a data perspective that the way we’ve been doing things up until now in the industry in terms of maintaining and boarding vacant properties is not the right way to go,” Klein said in an interview with MReport. “We did it because it was the only option available to us, but as new technology becomes available its time the industry take a new approach and find better ways to protect the value of homes and the value of communities. I think this is a step in the right direction.”To read the full report, click here. Abandoned Clearboarding Plywood REO 2017-02-14 Seth Welborn in Daily Dose, Data, Foreclosure, Market Studiescenter_img Saving Property Values: Clearboarding vs. Plywood Sharelast_img read more