Tag Archives: government

The Alliance & Chamber encourages voters to say “Yes” on Tuesday, November 5, 2013.

RESOLUTION OF THE BOARD OF DIRECTORS

The Board of Directors of the Greater Cedar Valley Alliance & Chamber encourage the voters of Black Hawk County communities to renew the one-cent Local Option Sales Tax on the ballot on Tuesday, November 5th.

Since 1991, the communities of Black Hawk County, with voter approval, have collected a one percent sales and service tax on qualified purchases. Waterloo and Cedar Falls have consistently used the revenues from this sales tax for the construction and repair of streets. Both cities have again pledged to use the revenues in a similar manner if the tax is reauthorized. Other cities have also used the revenues for key attributes, while others have reduced property tax burdens.

The sales tax has produced notable results. For instance, in Cedar Falls and Waterloo alone, since the tax program’s implementation, hundreds of miles of streets have been reconstructed, overlaid, or seal-coated; and many railroad crossings have been replaced.

The sales tax is imposed by local governments on goods and services sold within Black Hawk County. Out-of-county purchases generate an estimated 35% of the tax revenue.

The Alliance & Chamber encourages government at all levels to monitor operations continuously to discover ways to reduce property tax, sales and service tax, and other fees that are ostensibly taxes imposed on business and residents. However, we recognize that the revenues from this sales and service tax are used for key infrastructure for economic growth and a satisfactory quality of life, and there are established oversight committees established to review the proposed uses of the tax revenue.

Therefore, the Board of Directors of the Greater Cedar Valley Alliance & Chamber endorses the renewal of the one-cent Local Option Sales and Service Tax in Black Hawk County. The Alliance & Chamber encourages voters to say “Yes” on Tuesday, November 5, 2013.

Approved by the Board of Directors, during its regular meeting on October 1, 2013.

___________________________

Steven J. Dust

CEO

Iowa Business Leaders to Meet with Policy Makers in Washington, DC

Iowa Association of Business and Industry Leaders Embark on First Ever Washington, DC Trip

On Wednesday, September 18, Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber along with eleven other ABI leaders will depart Des Moines International Airport for a three day trip to Washington, D.C. During the visit, members will meet with Iowa’s Congressional delegation and Agriculture Secretary Tom Vilsack. The packed agenda also includes briefings from U.S. Health and Human Services on health care reform, National Association of Manufacturers, BIPAC, and the Immigration Reform Council. During the meetings ABI members will hear the latest political and policy insight from our nation’s capital. ABI leaders also look forward to sharing their ideas on tax reform, health care, immigration and other issues with the Congressional delegation. Look for tweets and photos by following #ABIDC13 on twitter September 18-20. Upon return, expect a full report from ABI Public Policy staff.

Alliance & Chamber Seek Investor Input to 2014 Legislative Policy Agenda

As the Government Relations Committee begins deliberating on the 2014 GCVAC Legislative Policy Agenda, I want to extend a special invitation to an Investors’ Legislative Issues Forum on Monday, September 16, 2013 at the Hilton Garden Inn in Cedar Falls from 8:00-9:00 am. This year, the Alliance & Chamber is offering an opportunity for investor involvement in legislative priority identification through this forum. Please come to hear from other investors what is on their minds as we begin crafting our 2014 agenda. Our hope is that this forum will give us an important head start and strengthen our efforts in identifying and prioritizing issues important to business in the Greater Cedar Valley as we build the Alliance & Chamber’s legislative agenda for the next session.

The October 11 Friday Forum will be at the Five Sullivan Bros. Center and the November 8 event will be at the Waterloo Center for the Arts.

Iowa Property Taxes Reduced for Commercial & Industiral Tax Payers

The persistence of Iowa commercial and industrial property owners finally paid dividends in a reduction in your property tax burden! After several tries over the last decade, the legislature and Governor came to agreement on the start to property tax reform, and provided modest tax reduction at the same time.
We appreciate those of you who contacted your legislators, encouraging them to finally act on an inequity in the tax system that has persisted – and has been an impediment to economic growth – for far too long.

While not all was achieved that we were looking for – the rate of rollback is much less than the original proposal – it is a start. Beyond this, it may provide the motivation for a reform of the entire system in years to come.

The Greater Cedar Valley Alliance & Chamber, through its Government Relations Committee and our director of governmental relations Steve Firman, collaborated with a coalition that included the Iowa Chamber Alliance, Iowa Association of Business & Industry, Professional Developers of Iowa, and Iowa Taxpayers Association to continually impress upon our elected officials the need for this change.

Conference Committee Report for SF 295 – Property Tax

Division I—Business Property Tax Credit (“Senate Plan” element)

Creates a Business Property Tax Credit for property taxes due and payable in fiscal year 2015.
$50 million is appropriated in fiscal year 2015 to the Business Property Tax Credit Fund
$100 million is appropriated in fiscal year 2016
$125 million is appropriated in fiscal year 2017
$125 million every year thereafter
Each person who wishes to file a claim will obtain a form from the County Assessor.
The form does not have to be filed again until the property is sold or transferred.
The state will use the money appropriated into the Business Property Tax Credit Fund to reimburse local governments the amount of credits issued.
When fully phased in, at least $145,000 of property value on every business would be equal to the residential rollback
Total Fiscal impact to local governments is $16 million when fully phased in.

Division II —Property Tax Assessment Limitation and Replacement (“House Plan” element)

Assessment growth limitation moves from 4% to 3% on Ag and residential immediately.
Commercial and Industrial will assessed at 95% of valuation starting January 1, 2013; at 90% starting January 1, 2014; and is frozen at 90% thereafter.
The State will appropriate money for replacement of the lost revenue. Payments will be made by IDR to county treasurers:

FY 15 $78.8 million (includes multi-residential)

FY 16 $162.8 million (includes multi-residential)

FY 17 $154.1 million (does not include multi-residential and capped at this level

going forward)

Division III—Multi-residential Property Classification

Creates a new property classification: Multi-residential
Multi-residential will include apartments, nursing homes, assisted living facilities , and certain other rental property
The existing classifications are Residential, Agricultural, Commercial, Industrial
Multi-residential properties will eventually equal the residential rollback after 10 years.
Total fiscal impact to local governments is $85.3 million when fully phased in.

Assessment Year 2013 95%

Assessment Year 2014 90%

Assessment Year 2015 86%

Assessment Year 2016 82%

Assessment Year 2017 78%

Assessment Year 2018 75%

Assessment Year 2019 71%

Assessment year 2020 67%

Assessment year 2021 63%

Assessment year 2022 and thereafter: Residential rate

Division IV —Telecommunications Property

Determining the taxable value of each company stays the same
Each telephone company will receive a partial exemption from taxation on the value of the company’s property. This is phased in, with half in assessment year 2013 (FY 15), and the remainder being added in assessment year 2014 (FY 16)
Department of Revenue is directed to complete a comprehensive study of the telecommunications industry and report recommendations for change to the General Assembly

Assessed value $0-$20M $20-$55M $55-$500M >$500M

Exemption 40% 35% 25% 20%

Division V – Iowa Taxpayers Trust Fund Tax Credit

Each year, beginning July 1, 2014, the balance of the Taxpayers Trust Fund exceeds $30 million a tax credit will be issued to Iowa taxpayers
The tax credit will be issued to Iowans with a tax liability
$60 million is the maximum amount that can flow into the taxpayer trust fund each year
$60 million equals a $27 credit per filer. $120 million would equal $54

Division VI -Property Assessment Appeal Board

Five year sunset – July 1, 2018, lower salaries, adding another appraiser to the board (replacing the finance profession with state and local tax policy experience, allowing for a speedier hearing process.)

Division VII—Earned Income Tax Credit

Increases the Earned Income Tax Credit from 7% to 14% in tax year 2013; 15% in tax year 2014
The credit remains refundable.
The increase is effective retroactively to January 1, 2013.
Fiscal impact: $30.8 million in FY 14 , increasing to $34.5 in FY 15

Dust Optimistic About Cedar Valley Economy – Part 1

View the three part video of Steve Dust, CEO of the Greater Cedar Valley Alliance & Chamber, on KWWL’s Steele Report here.

Click Here.

Iowans Support Path to Citizenship for Immigrants with Conditions.

Most Iowans support creating a path to citizenship for immigrants in the U.S. illegally so long as the nation’s borders are first controlled, a new Des Moines Register Iowa Poll shows. The Iowa Poll, was conducted Feb. 3-6 for The Des Moines Register by Selzer & Co. of Des Moines. Read the entire article written by Jens Manuel Krogstad of the Des Moines Register here.

The Business Case for Education Reform

By John Stineman, Executive Director, Iowa Chamber Alliance

The 2013 legislative session presents many opportunities for business — property tax reform, economic development incentives, transportation infrastructure to name just a few issues that perennially top the agenda of Iowa’s businesses and economic development community. Standing atop these important issues is education reform.

Education?

Yes, business considers education reform to be at least as important as the other core issues within our policy agendas.

The fact of the matter is that Iowa’s once vaunted public education system is no longer as competitive as it was just half a generation ago.

It’s not so much that Iowa has gone backward as much as it is that the rest of the country has improved at a far greater pace. We used to be at or near the top and now dwell in the lower end of the middle of the pack.

From a strictly business perspective, we must address education reform because of Iowa’s growing skills gap. Today in Iowa about 18% of available jobs are considered to be “low skill,” but about 38% of the available Iowa workforce is classified as “low skill.” Middle skill job openings represent half of all open positions in Iowa, but only one-third of available workers are considered to be middle skill.

The skills gap is real, it is growing, and, unfortunately, our education system today is not geared to address it.

Beyond the immediate workforce needs, consider our education outcomes today. 36% of the “Class of 2012” that went on to higher or vocational education after high school required some sort of remedial education after high school. This is stark evidence we are not systematically equipping our kids with the knowledge and skills they need to succeed after high school.

Of course, it’s not just about the skills gap or what kind of access employers need to qualified workers.

It’s about Iowa’s kids. It’s about our kids and grandkids.

We’ve all chosen to live in Iowa, to raise our families here. Making sure our kids have access to a quality education that will help prepare our kids to compete in a global economy and pursue their dreams is among our most important duties.

That’s why education reform is so important.

The reforms proposed by the Governor and now being vetted by the Iowa House of Representatives are a solid start on turning the tide for Iowa’s schools. The reforms bring with them substantive changes that will fuel teacher leadership from mentor teachers and teacher leaders to drive innovation and energy into subject matter teachers.

The proposal elevates the profession of teaching – increasing first year pay and providing a longer student teaching period so new teachers can hit the ground running when given their own classroom.

The reform proposal expands online learning opportunities by bringing students from across Iowa together to learn online from Iowa teachers in districts that offer subjects not offered in other districts.

Teacher accountability is also important. A statistic often cited at the Capitol is that 98% of Iowa teachers receive favorable reviews. While there are many, many quality teachers across Iowa, it is simply not realistic to believe that only two in every 100 are in need of improvement. Evaluations must include student performance as well as peer reviews and other measures.

The Iowa Chamber Alliance is supportive of the reforms proposed and interested in other ideas that will help improve Iowa’s schools as well. We are hopeful partisan differences and political arguments can be set aside so that meaningful reform can be achieved.

There is simply too much at stake for us not to succeed in improving our schools. It truly is the most important thing we can do this session.

For more information, please contact Iowa Chamber Alliance Executive Director, John Stineman, at (515) 226-1492 or john@iowachamberalliance.com.

The Greater Cedar Valley Alliance & Chamber is an active member of the Iowa Chamber Alliance. Alliance & Chamber CEO Steve Dust is the current Chair of ICA board of directors. Steve Firman, Alliance & Chamber Director of Gov’t Relations is also on its board.

2012 Economic Census Due Feb. 12, 2013

The Economic Census is the U.S. Government’s official five-year measure of American business and the economy. It is conducted by the U.S. Census Bureau, and response is required by law. Forms go out to nearly 4 million businesses, including large, medium and small companies representing all U.S. locations and industries. Respondents are asked to provide a range of operational and performance data for their companies. As part of the U.S. Census Bureau’s mission to measure America’s economy, the next Economic Census will be conducted for the year ending December 2012.

The economic census is the U.S. government’s official five-year measure of American business and the economy. It provides accurate benchmark statistics that are fundamental building blocks of economic indicators, including the gross domestic product, monthly retail sales and the producer price index. The economic census gives businesses the information they need to make informed decisions that affect America’s economy.

Learn about the Economic Census at business.census.gov
Get help with forms and reports online at econhelp.census.gov
Mark your calendar for the next webinar 1:00 pm EST on Jan. 24
More info at business.census.gove/webinar

Governor to Visit Cedar Valley

“Our Opportunity. Our Iowa.” Govenor Branstad’s Condition of the State Tour/ Cedar Valley Stop
01.24.13, 8:15 am, Five Sullivan Brothers Convention Center

All Alliance & Chamber investor/members are encouraged to demonstrate the strength and vitality of the Cedar Valley business community and hear about the issues that affect you and your business by attending this special event, Thursday, January 24th. The public is invited to attend.

Highlights: