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What should East Valley residents expect from the local and state economies in the near future? One forecaster estimates a little sluggishness in the next 12 months followed by much stronger growth in the years following.
Most Westerners know the Craftsman or Arts and Crafts style homes from visiting places in California such as Pasadena, but not many people know one of the most unique homes of this design can be found much closer to home, in Flagstaff.
If buying a new home is on your 2015 agenda, it may be to your advantage to sell your present home during the holiday season. Whatever a buyer’s motivation, a holiday sales strategy means one thing for sellers: Demand for homes can increase at a time when inventory is traditionally low. Here are a few ideas to consider when weighing whether this route is for you.
As the sun set Tuesday evening, Mesa unveiled a bold new look for the Fiesta District. Gigantic entry monuments at the intersection of Southern Avenue and Alma School Road were lit up for the first time, demarcating the entrance to an area once famous for its retail and now a prime target in the city’s campaign for economic rejuvenation.
Corona del Sol High School students showed their goodwill during the holiday season by making nearly 250 blankets for needy children locally and across the country.
For many, preparing for retirement can be a daunting proposition. You’ve worked hard for years, saved, invested and dreamed of the day you could quit the 9-to-5 grind.
If it’s not solid, it’s not Viagra, Pfizer says. The pill, that is.
Officials from the town of Gilbert and Saint Xavier University have reached an agreement to give the school a temporary home in town and improve the aesthetics of a downtown building.
PHOENIX (AP) — Arizona will likely see lackluster economic growth in the coming year as the hangover from the housing bust continues to dampen the economic recovery, economists presenting at an annual forecast meeting said Wednesday.
WASHINGTON – Arizona homes trailed the nation in both their access to high-speed Internet and their computer ownership, according to a recent report from the Census Bureau.
Three films into the four-movie franchise and “The Hunger Games” series remains one of cinema’s biggest teases. For two years the series has offered an underlying promise of some grand battle between good and evil loaded with flaming arrows and bodies being tossed about with little regard for the lives of the stunt people.
WASHINGTON (AP) — A White House lunch aiming for cooperation boiled into a fresh dispute with newly empowered Republicans over immigration reform Friday, with GOP leaders warning President Barack Obama to his face not to take unilateral action. The president stood unflinchingly by his plan to act.
Republicans attending the postelection lunch at Obama's invitation said they asked him for more time to work on legislation, but the president said his patience was running out. He underscored his intent to act on his own by the end of the year if they don't approve legislation to ease deportations before then and send it to him to sign.
The Republicans' approach, three days after they resoundingly won control of the Senate in midterm elections, "seemed to fall on deaf ears," Sen. John Cornyn of Texas said in a telephone interview. "The president instead of being contrite or saying in effect to America, 'I hear you,' as a result of the referendum on his policies that drove this last election, he seems unmoved and even defiant."
"I don't know why he would want to sabotage his last two years as president by doing something this provocative," said Cornyn. Senate Republican Leader Mitch McConnell earlier this week said the president's stance was "like waving a red flag in front of a bull."
Obama press secretary Josh Earnest said there was no reason that executive action on immigration should kill opportunities for the president and Republicans to find common ground.
"I could stand up here and say Republicans to vote once again for the 50th time to repeal the Affordable Care Act, that that's playing with fire or waving a red flag in front of a bull. I'm not really sure what that means," Earnest said.
The White House said lawmakers went home from the meeting with a parting gift — a six-pack of beer brewed at the White House. The White House also said Obama laid out three areas where he and Congress could work together before the end of the year — emergency funding to combat the Ebola outbreak, approval of a federal budget and quick action on spending to fight the Islamic State militant group.
House Speaker John Boehner's office said he told Obama he was ready to work with the president on a new authorization for military force against the IS group if the president worked to build bipartisan support. The White House announced soon after lunch ended that the U.S. was sending as many as 1,500 more troops to Iraq to serve as advisers, trainers and security personnel as part of the mission. Obama is also asking Congress for more than $5 billion to help fund the fight.
Friday's two-hour meeting was tense at times, according to a senior House Republican aide. Senate Democratic leader Harry Reid, about to lose his grip on the upper chamber, barely said a word, the aide said. The aide said at one point as House Speaker John Boehner was making an argument on immigration, Obama responded that his patience was running out and Vice President Joe Biden interrupted to ask how long Republicans needed. Obama angrily cut Biden off, the aide said.
The aide was not authorized to describe the back-and-forth publicly by name and spoke only on condition of anonymity.
Publicly Obama's tone was more upbeat as he opened the gathering. He pledged to work on ending long-running partisan gridlock and to be open to Republican ideas. The president said the lunch was a chance to "explore where we can make progress" after Americans showed in the midterm elections that they wanted to see more accomplished in Washington.
"They'd like to see more cooperation," Obama said, sitting at the middle of 13 lawmakers in the Old Family Dining Room set with the Truman china. "And I think all of us have the responsibility, me in particular, to try to make that happen."
Reporters were ushered out before any lawmaker spoke or the lunch of sea bass was served. Republican descriptions of the meeting were provided after they returned to Capitol Hill.
For the record, Boehner's office said he suggested that the president should back a Republican jobs bill as a starting place for bipartisan action.
Obama said at the start he was interested in "hearing and sharing ideas" for compromise on measures to boost the economy, then mentioned his personal priorities of college affordability and investment in road and building projects. He also touted improved monthly job growth numbers out Friday as evidence his economic policies are working, saying, "We're doing something right here."
Briefings on Ebola and the Islamic State from Pentagon officials dominated much of the meeting, and the immigration debate was said to have lasted about half an hour. Sen. John Barrasso, R-Wyo., said Republicans told Obama that any executive order, particularly on immigration but any issue, would be a "toxic decision."
"He still hasn't come to grips with the reality of the election and the consequences of the election," Barrasso said. "His tone and tenor didn't seem to reflect that of somebody whose policies were just significantly rejected all across the country just three days ago."
Even if you do not have a child in the Gilbert Public Schools, the Gilbert School Board election is important to you. As the largest employer in Gilbert, the Gilbert Public School District is important to the economic development of the community. An unprecedented number of Gilbert teachers and administrators have resigned and are taking jobs in neighboring school districts where they will make more money and be treated with respect. Teacher applications for Gilbert school openings are down. Prospective homebuyers are asking questions about the Gilbert School Board as they consider where to buy a home in the East Valley. This is because three of the five school board members (Burk, Colvin and Smith) have focused on politics and ideology rather than enhancing student achievement. Remember how the three held up the approval of Apple to establish an operation in Mesa? Quality public schools are in the best interest of everyone in the community.
PHOENIX -- Two new reports Tuesday show some bumps in the state's recovery from the recession.
One finds that Arizona consumers are spending more, at least in certain areas. But not a lot. The other shows that, for the first time in three years, Arizona is not among the Top 10 states in job growth.
Reports from retailers, released Tuesday by the state Department of Revenue, put total taxable sales at $4.47 billion. That figure comes from reports filed last month which actually reflect sales made in August. That is up 5.2 percent from the same time a year earlier.
But economist Dennis Hoffman from the W.P. Carey School of Business at Arizona State University, said it's hardly a number to cheer about.
"It's OK,'' he said. "It's not gangbusters.''
He said a state such as Arizona should be showing year-over-year growth in the 7 percent range.
The numbers represent more than just an academic exercise.
Close to half of the state budget is built on taxable retail sales. And when these figures lag, so do state revenues -- and the ability of lawmakers to meet the spending demands.
In fact, the staff of the Joint Legislative Budget Committee, which advises state lawmakers, is predicting that, for the entire fiscal year, retail sales will grow just an anemic 3.7 percent.
The job-growth figures come from a separate study by Lee McPheters, also an economist at ASU.
There are signs the state is making some progress at recovery.
Sales at motor-vehicle dealers hit $719.9 million in August. That's 8 percent higher than the same time a year earlier. But it's still far below the $833.8 million figure for August 2005, even with vehicles now costing more than they did back then.
Sales of furniture and other home furnishings increased just 3.1 percent from 2013 and also remain below pre-recession levels. Purchases of clothing and accessories actually dropped by nearly 1.6 percent year over year.
Hoffman said the really shocking number is in the category of residential construction. Total sales there for August tallied $285.5 million. In August 2004, the same category posted $604.7 million in sales. "And that was before the real ratchet-up that we had,'' Hoffman said, with the real estate bubble reaching its peak in 2006 before it burst.
That lack of home construction is reflected in the separate employment report by Lee McPheters, also an economist at ASU. He said that so far this year, the state's already beleaguered construction industry has lost jobs. That sector of the Arizona economy remains at half of what it was before the recession. Manufacturing employment also has shed jobs so far this year.
He did find some bright spots.
For example, for the first nine months of the year, only two states hired a greater percentage of new workers in the health-care field than Arizona. And Arizona is No. 5 for jobs in the financial sector. But that was not enough for Arizona to maintain its Top 10 status of job growth.
McPheters puts year-to-date job growth at just 14th in the nation. And when government jobs are removed from the picture, the state drops to 15th.
"And it appears that unless something very unusual happens, we're going to end up this year as not a Top 10 growth state,'' he said. "That's just one other disappointment to go along with the fact that the economy is losing construction jobs.''
McPheters said the state will likely add no more than 55,000 jobs this year, about the same as last year.
"So that means we're kind of in a three-year period where the economy appears to have plateaued and we're just waiting for something to happen to either spur population growth or get some other sectors to drive the economy,'' he said.
Hoffman said, though, that the sales figures may not be as bad as they seem -- if not from the perspective of state revenues, then at least in terms of the strength of the economy: The numbers reported by retailers to the Department of Revenue obviously do not reflect some purchases made by consumers online or by phone.
Online retailers who have a physical presence in Arizona, like Target.com or Walmart.com, are required to collect the state sales tax. But those based solely elsewhere do not.
Arizona law technically requires buyers to report these purchases and pay an equivalent "use tax'' to the state. But with no real enforcement mechanism for the average consumer, that law goes largely ignored.
September reported taxable sales in billions of dollars
(Reflects August sales)
2004 -- $3.51
2005 -- $4.22
2006 -- $4.44
2007 -- $4.27
2008 -- $4.02
2009 -- $3.53
2010 -- $3.45
2011 -- $3.75
2012 -- $3.87
2013 -- $4.25
2014 -- $4.47
-- Source: Arizona Department of Revenue
Key elements of taxable sales
Element / Amount in millions of dollars / Year-over-year change
Motor vehicle dealers / $719.9 / 8%
Furniture and home furnishings / $274.3 / 3.1%
Building materials, lawn & garden / $270.7 / 2.3%
Taxable food and liquor / $288.3 / 1%
Miscellaneous retail / $684.1 / 10.3%
Clothing and accessories / $235.4 / (-1.6%)
Bar and restaurant sales / $896.3 / 7.1%
Hotel and motel rentals / $157.7 / 14.9%
Residential construction / $285.5 / 9.2%
Nonresidential construction / $192.2 / (-6.4%)
Heavy construction (roads, bridges) / $65.6 / (-4.9%)
-- Source: Arizona Department of Revenue
Private sector job growth, first 9 months of 2014
Rank / State / Number of jobs added / Growth percentage
1 / North Dakota / 19,590 / 5.4%
2 / Nevada / 41,270 / 4.1%
3 / Texas / 329,780 / 3.5%
4 / Florida / 221,520 / 3.4%
5 / Utah / 34,660 / 3.3%
6 / Oregon/ 42,280 / 3.1%
7 / Colorado / 59,510 / 3.0%
8 / Delaware / 9,980 / 2.8%
9 / California / 327,890 / 2.6%
10 / Georgia / 83,970 / 2.5%
11 / North Carolina / 83,000 / 2.5%
12 / Tennessee / 57,690 / 2.5%
13 / Washington / 59,790 / 2.5%
14 / Arizona / 49,630 / 2.4%
15 / Oklahoma / 29,400 / 2.3%
-- Source: W.P. Care School of Business, Arizona State University
Two new reports Tuesday show some bumps in the state's recovery from the recession.
Gilbert’s continued expansion has grown in tandem with its reputation as a friendly place for families to live.
One of the most exciting parts of building a new home is the opportunity to put your own stamp on it. From flooring and lighting to appliances and countertops, there certainly is no shortage of choices available when the time comes to select the perfect balance of colors, textures and finishes that reflect your taste.
Q: Would you say your district is delivering quality services now and what, if any, changes would you make?
Q. Why are you running?
New water conservation initiatives enacted by Tempe’s city council earlier this month will reduce water use by an estimated 780 million gallons of water per year by 2020, although it will inevitably raise the price of the water for residents and businesses.