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- $64 . 4 million Pottstown budget draft sees 5 . 9 % tax hike , or 6 . 4 %
Pottstown's borough management presented council with two versions of a $64.4 million draft budget: one that keeps library funding flat with a 5.89% tax increase to close a $724,754 deficit, and one that adds the library's full $65,000 request, raising the increase to 6.42%. For a home assessed at $100,000, the first option would add $91.92 and the second $100.16 a year in taxes. The first draft had implied a 13 to 14 percent hike, which was reduced through spending cuts, spreading some projects over two years and seeking extra revenue, as inflation pushes up energy, fuel and equipment costs. Other pressures include a 4.5% police salary increase under the current contract, an $85,000 rise in pension costs and a $1.6 million drop in total assessed property value. The police and fire chiefs both plan to retire in 2027.
- Iowa fiscal picture improves slightly , but budget deficit remains | Iowa State Legislative News
Iowa's nonpartisan Revenue Estimating Conference projects the state will collect $8.54 billion in revenue in the 2026-27 budget year, $66 million more than its March forecast but still $1.1 billion below planned spending. This is the second straight budget year with a shortfall, largely caused by income tax cuts that took full effect in 2025, and lawmakers are using the Taxpayer Relief Fund to cover the gap until revenue catches up. Jennifer Acton cited persistent inflation, higher borrowing costs and geopolitical uncertainty around gas and diesel prices as ongoing concerns despite positive growth. Kraig Paulsen said the state has no revenue problem and expects growth to continue, and the REC will meet again in December. Republican leaders, including Gov. Kim Reynolds, called the outlook strong and stable, while Democrats Janet Petersen and Megan Srinivas criticized the deficit and said wages are not keeping pace with costs.
- US Budget Deficit Hits 5 - Year High of $1 . 99 Trillion
The U.S. budget deficit widened by more than $200 billion, or about 12 percent, to $1.99 trillion in fiscal year 2026, its highest level in five years, according to Treasury data. Federal revenues hit a record $5.4 trillion, while outlays rose 6 percent to a record $7.4 trillion, including $1.36 trillion in debt-servicing payments. Treasury Secretary Scott Bessent blamed tariff refunds, high interest rates and the nine-month-old war in Iran, and said the deficit-to-GDP ratio fell to 5.8 percent last year. The Congressional Budget Office estimated the deficit at about $2 trillion, well above the White House's $1.7 trillion forecast, and warned that market volatility could push the $40 trillion national debt higher. A Peterson Foundation survey found 92 percent of voters concerned about debt's effect on inflation, with its Fiscal Confidence Index near a two-year low of 38.
- US budget deficit grows to nearly $2 trillion , highest since 2021
- US Budget deficit surges 12 % to nearly $2 trillion in 2026 as debt interest , Trump tariff refunds bite
- U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year
The U.S. ended fiscal 2026 with a budget deficit of $1.992 trillion, about 12% higher than the $1.775 trillion deficit in the prior year, according to the Treasury Department. It is the third-largest annual deficit in U.S. history, after 2020 and 2021 when pandemic stimulus spending was heavy, and marks the 25th straight fiscal year in deficit. Social Security was the largest spending item at nearly $1.7 trillion, followed by Medicare at almost $1.1 trillion, while net interest topped $1 trillion, up from $970 billion. Individual income taxes brought in more than $2.8 trillion, but corporate income tax receipts fell about $70 billion to $381 billion due to tax cuts, and customs revenue was hit by refunds after a Supreme Court ruling against many of Trump's tariffs, even as gross customs duties hit a record.
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- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
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