Newly introduced legislation proposes tweaking the structure of Florida’s Public Service Commission. The bill would allow the PSC to operate year-over-year without seeking re-approval each fiscal year and removes a check on PSC rulemaking.
When FEMA’s new Risk Rating 2.0 pricing plan went into effect in April, the agency said it was more equitable and better reflects flood risk. The result is rate increases that will average more than 100% in coastal states like Louisiana and Florida. Some parishes in southeast Louisiana will see rates go up on average more than 500%.
The newest report from Trepp is on utilities, including electric, water, gas, telecommunications, and other essential services. Derived from Trepp’s property line-item financials, these utilities averagely account for 15-20% of the overall operating expenses for a multifamily property.
The DOE just announced funding for domestic solar production and distribution. Fifty two million dollars, which include $10 million from the Bipartisan Infrastructure Law, goes to 19 different projects to strengthen America’s domestic solar supply chain. Another $30 million is for funding for technologies that will help integrate solar energy into the grid.
It’s normally a time of cheer and family and celebration. But thanks to inflation, there’s a little less cheer depending on how much you jolt up your home for the holidays. And compared to last year, national kWh cost were up 13%, while prices in Florida were up 18%, thanks to increased power costs. CLICK ON THE HEADLINE FOR MORE
As we emerge from the global shutdown, the hotel and hospitality industry is coming back strong. There is also a growing sentiment among assessors throughout the country that COVID is over and we are quickly returning to prepandemic economics. This, too, can have a significant impact on assessed values. In some cases, they could double. CLICK ON THE HEADLINE FOR MORE
The solar tax credit, which is a dollar-for-dollar reduction in income taxes, has already fallen to 26% thorough 2020 and will be only 22% in 2021. By 2022, the tax credit for commercial properties will be a mere 10% and zero for residences. CLICK ON THE HEADLINE FOR MORE
Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun. CLICK ON THE HEADLINE FOR MORE
Compared to World War III, as well as a Category 5 hurricane, the pandemic has been pummeling the economy since March. And the prediction for the future? It’s not going to look like 2019. Not for a while. CLICK ON THE HEADLINE FOR MORE
Even with many state courts temporarily closed to new filings, there are already at least 167 COVID-19 business income lawsuits across the country — 166 brought by policyholders and one carrier-initiated declaratory judgment action, CLICK ON THE HEADLINE FOR MORE