News · kwtx.com

Killeen residents raise concerns about taxes , city budget and future growth during town hall

At a town hall hosted by Killeen City Councilman Charles “Chuck” Kimble (District 2) on Oct. 14 at VFW Post 9191, residents raised concerns about property taxes, utility costs, youth activities and the possibility of bringing data centers to the city. Kimble said the property tax exemption for veterans with a 100% disability rating affects Killeen probably more than any other city in Texas, creating a projected budget deficit. He said he wants input from veterans and residents on possible tax strategies. Resident Latasha Shone welcomed discussion of expanding parks, community centers and activities for young people, and said Killeen needs to keep up on data centers to avoid being left behind. Kimble, who joined the council in May, said hearing from residents will help him set priorities.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on kwtx.com ↗

Related news

  • Bank shares drop as John Healey prepares to raise taxes on the banking sector in the budget – business live

    According to the Guardian, Chancellor John Healey is poised to raise tax revenue from UK banks in the 28 October budget to repair public finances damaged by the Middle East war. One option under discussion is reversing Jeremy Hunt's cut to the bank surcharge, which could raise upwards of £2bn a year by lifting the surcharge from 3% to around 8%. The industry trade body UKFinance warned that further bank tax increases would weaken competitiveness, discourage investment and job creation. Lloyds and NatWest shares fell around 2%, far less than the roughly 6% drop expected if the surcharge rose by 5 percentage points, and one analyst said much of the bad news is already priced in. Elsewhere, South Korea's Kospi fell 14.5% in its worst week since October 2008 as investors worried about borrowing, spending and profitability at AI companies.

    theguardian.com·
  • John Healey poised to raise taxes on banks in budget

    Chancellor John Healey is reportedly set to raise the bank surcharge from 3% back to 8% in his 28 October budget, to offset the public finance damage from the Middle East war. The move could raise about £2.25bn a year according to TUC analysis, as rising borrowing costs erode the £24bn headroom Rachel Reeves had built. HSBC, NatWest, Barclays and Lloyds generated £200bn in pre-tax profits over five years, yet bank lobbyists warn higher taxes could push staff and business abroad, and JP Morgan's Jamie Dimon had threatened to scrap a £3bn London headquarters. The TUC wants a 16% rate, while Revolut and Shawbrook seek to lift the surcharge threshold from £100m to £500m. The IMF has urged Healey to stay the course on deficit reduction.

    theguardian.com·• GBP/USD
  • John Healey poised to raise taxes on banks in budget

    Chancellor John Healey is reportedly planning to raise taxes on Britain's banks in his 28 October budget to offset the hit to public finances from the Middle East war, according to the Guardian. One option under discussion is reversing Jeremy Hunt's cut to the bank surcharge, which would raise more than £2bn a year, and industry sources expect the surcharge to rise from 3% to 8%. The four largest lenders generated £200bn in pre-tax profits over five years, and the TUC has called for a 16% rate that could raise £24bn over four years. Banks have lobbied against the move, warning it could push them to shift staff and business abroad, while specialist lenders such as Revolut and Shawbrook want the surcharge threshold raised from £100m to £500m.

    aol.co.uk·
  • Kansas City businesses react to taxes funding new Royals stadium

    Businesses in the Stadium Impact Area are divided over the plan for the downtown Royals ballpark after Kansas City Council approved the rezoning and tax increment financing ordinances. An estimated $1.4 billion in bonds would be repaid over 30 years using extra tax revenue from dining, hotels, game-day parking and utilities within a district of more than four square miles. City Barrel Brewing in the Crossroads welcomes the project and expects visitors to boost nearby businesses, while Arizona Trading Company co-owner Venus Nichols says local businesses had no say and bear the brunt of the extra tax. The district stretches from Stateline Road in the west to Highway 71 and Prospect Ave in the east, I-670 in the north and roughly 31st Street in the south, and the Royals aim to finish the ballpark by opening day 2030.

    kmbc.com·
  • Bitcoin Price Holds Above $81K as ETF Outflows Raise Concerns

    Bitcoin held above $81,000 on Saturday, October 17, rising 0.6% to $81,544.8 after a volatile week that briefly fell below $80,000 following a rally past $84,000. U.S. spot Bitcoin ETFs recorded $82.39 million in net outflows on October 16, including $71.78 million from BlackRock's IBIT, after $261.4 million left on October 14. Concerns center on inconsistent institutional demand and expectations of further Federal Reserve rate hikes. Ethereum gained 0.5% to $2,417.92, and stablecoin issuer Circle reported about $1.4 billion in first-half 2026 revenue.

    econotimes.com·▼ BTC/USDTbitcoinETFcrypto
  • Legal deals with planning objectors raise concerns over risk of ransom money – The Irish Times

    In September 2024, Burke Brothers and motor distributor Gowan filed judicial review cases to block the €1 billion Dart+ West rail project, but Irish Rail reached a confidential settlement with the litigants and the proceedings were withdrawn before the hearing. An anonymous senior official said such settlements are expected to cost far less than further delays, though they may involve paying above the asset's value, while the State paid €2 million or more for each of five Dublin homes this year to buy out objectors to MetroLink and housing projects. The Greater Dublin Drainage scheme, estimated at around €500 million in 2017–2018, now has forecasts of €1.9 billion to €2.3 billion after prolonged legal disputes. Some business leaders see such deals as smart investments, while others warn they could encourage more lawsuits in hopes of upfront payouts. Burke Brothers' 2025 accounts show €5.28 million in compensation for anticipated future business interruption.

    irishtimes.com·

Related markets

Currencies →Gold →

Latest news

  • Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom

    Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.

    CNBC·▲ XAU/USDSaudi ArabiaHouthigeopolitics
  • Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention

    On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².

    CafeF·▲ XAU/USDUkraineRussiageopolitics
  • Semiconductor Sell-Off: 5 Stocks to Buy on the Dip

    The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).

    Yahoo Finance·▼ NVDAsemiconductorsAI investmentNVDA
  • Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line

    Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.

    Decrypt·▲ ETH/USDTcryptoETHUSDTBitmine
  • Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%

    The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.

    Yahoo Finance·• NVDATSMCsemiconductorsearnings
  • Why Meta's Q3 earnings could be a little hard to interpret

    Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.

    Yahoo Finance·• METAearningsMETAartificial intelligence

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.