Thursday, December 10, 2009

Daily Briefing, 12/10/2009

Good morning everyone!  Here is today's Daily Briefing.

In local tax news, the Borough of Emmaus increased taxes 6%.  In Bethlehem, 324 new parking meters will be installed and meter hours will increased from 6pm - 9pm in an attempt to plug a 9.5% revenue shortfall for the Bethlehem Parking Authority.  In Easton, city Council passed its 2010 budget; the budget has no tax increases.  There's good news when it comes to home sales; numbers produced by the Lehigh Valley Association of Realtors have shown that home sales doubled in November when compared to last year.  There was also good news on a national level, with foreclosures filings decreasing 8%, the fourth straight month that such filings went down.  Slightly north of the Valley, Hazelton Mayor Lou Barletta (R) has announced that he will make a third run for Congress against Democrat Paul Kanjorski.

In state-wide news, tax revenues were down 2% against projections, leading Governor Rendell to say that more state layoffs may be necessary event if table games are legalized and reach his desk.  Speaking of gaming, Sands revenue and the revenue of casinos state-wide took a hit last week, dropping 10%, as is standard for the industry for this time of year.

Today is a busy day at The Chamber, as we are holding three events: the Easton Area Chamber of Commerce is holding their holiday luncheon, there is a grand opening for Phoenicia's, a new restaurant in downtown Easton, and a mixer at the Liberty Bell Shrine in Allentown.

That's it for today!  Have a great day, and we'll see you later.

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