A Dec. 31, 2012, deadline looms for Congress on a number of significant financial issues.
- Ben Gross
Thursday, November 8, 2012
Now that the election is over, the most prominent problem facing the U.S. government is the “fiscal cliff.” You may have heard or seen the term in recent media coverage, but what, exactly, does “fiscal cliff” mean? If Congress fails to act, on Jan. 1, 2013, a number of financial policies will either expire or initiate, including $7 trillion worth of tax increases and spending cuts over the next 10 years. Some of the agencies and programs affected include: Defense cuts, air travel safety and food inspection cuts, income tax rates, the estate tax, marriage penalty relief, child tax credit, the alternative minimum tax, a drop in Medicare reimbursements, small business tax breaks and more. How do you feel about the country potentially going …
Community organizations can apply for funds until Sept. 24, 2012.
Community organizations that work in low- and moderate-income neighborhoods have until Sept. 24 to apply for project funding from a government grant. Each year, the City of Takoma Park receives a Community Development Block Grant (CDGB) to fund activities that benefit low- and moderate-income community residents. The funding comes from the U.S Department of Housing and Urban Development (HUD) via the Montgomery County Government. Interested community organizations can apply for a portion of those funds for neighborhood revitalization, economic development and / or improved community facilities and services. Guidelines for the program can be found on the Takoma Park website and the application is available to the right of this article in …