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Justin Fox: Flight of affluent taxpayers catches up with New York

Published Wed, 27 Nov 2024 09:30:28 GMT

New York has been losing people to other states for a while. But something new happened during the pandemic: The people who left had higher incomes than those who stayed behind — much higher.The 2020-21 numbers here were released in late April by the Internal Revenue Service. They sort taxpayers by whether and where they moved between filing their taxes in 2020 and filing them in 2021; the adjusted gross incomes are for the 2020 tax year. It has been two years since May 17, 2021 — that year’s belated income tax filing deadline — and a lot has changed. But New York has continued to lose population, and if the trend depicted above were to continue, even in less extreme form, it would be disastrous for the finances of a state that relies on income taxes paid by those making $200,000 or more a year for almost half its revenue. (That is, before the pandemic in 2019, personal income taxes accounted for 65% of state revenue, and those making $200,000 or more paid 71...

Kaiser Permanente donates up to $10 million to stabilize Denver Health, says hospital “needs our help now”

Published Wed, 27 Nov 2024 09:30:28 GMT

Denver Health will receive up to $10 million from Kaiser Permanente to help financially stabilize the city’s safety-net hospital, and a campaign is on to get other Colorado health systems to match some of that donation.The initial grant, announced Tuesday, includes $5 million that Denver Health can use any way it deems necessary. The other $5 million from the managed care network is available as matching funds, if the hospital can raise that much from other donors.Denver Health lost $32 million in 2022, though it’s expected to break even this year, CEO Donna Lynne said. A hospital needs about a 4% profit margin to cover expenses like improving its buildings, she said.There’s no deadline to raise the money, though Lynne said she hopes the hospital can claim Kaiser’s match this year.Mike Ramseier, president of Kaiser Permanente in Colorado, said other health systems also would do well to help shore up Denver Health, which sees a disproportionate share of uninsured pa...

Jury finds Castle Rock man guilty in $1.5 million theft from charities

Published Wed, 27 Nov 2024 09:30:28 GMT

A Denver jury on Friday found a Castle Rock man guilty of stealing more than $1 million from two charities that he worked for as treasurer, court records show.Bill Schwartz, 45, was convicted of two counts of felony theft after a week-long jury trial in Denver District Court. A single count of money laundering was dismissed by the judge, court records show.Schwartz faces between eight and 24 years in prison on the most serious felony conviction and between four and 12 years in prison on the lesser theft charge. Sentencing is scheduled for Aug. 18.Schwartz stole money from the Order of Quetzalcoatl, a nonprofit organization that exists to raise money for Shriners Hospitals for Children, a system of nonprofit hospitals associated with The Shrine, a fraternity made up of masons, according to a lawsuit the Order filed against Schwartz. The indictment didn’t identify the second charity.Schwartz used $90,000 of the Order’s money to pay his personal credit card bills, among oth...

Move Disney World to Colorado if Nuggets beat the Heat, Polis proposes to DeSantis

Published Wed, 27 Nov 2024 09:30:28 GMT

On the verge of the NBA finals, Colorado Gov. Jared Polis has proposed a “friendly wager” with Florida Gov. Ron DeSantis, with a happy Disney ending should the Denver Nuggets beat the Miami Heat.The championship matchup starts on Thursday and Polis suggests that the Walt Disney World Resort pull up stakes from the Sunshine State and land in colorful Colorado should the Nuggets beat the Heat.In the wager, posted at 1:50 p.m. Tuesday on Twitter, Polis refers to Colorado as “the ACTUAL happiest place on earth to do business, have fun, and be free!”Related ArticlesColorado News | Kiz vs. Singer: What’s biggest challenge Miami Heat present Nuggets in NBA Finals? Colorado News | Nuggets 2023 championship odds: What sportsbooks think Denver’s chances are against Miami Heat in NBA Finals Colorado News | Where to eat and drink near Ball Arena for a Denver Nuggets game Colorado News | Denver Nuggets...

Feastbox barbecue chain takes over former Burger King in Five Points

Published Wed, 27 Nov 2024 09:30:28 GMT

An urgent care owner’s back-up plan will soon host a barbecue restaurant.Darius Kerman, owner of the local AFC Urgent Care chain, has leased the shuttered Burger King property he bought in Five Points last year to a Utah-based barbecue chain.Feastbox offers various styles of barbecue, including Texas, Hawaiian and Korean, as well as topping-laden hot dogs, sandwiches and loaded fries.Kerman paid $1.8 million for the former fast food building at 3200 N. Downing St. last summer. He said it was meant to be a “plan B” option when his plans to open an AFC location across the street, at 3177 Downing St., hit a roadblock.But AFC will be able to open at Kerman’s original desired location. He said he decided the 2,037-square-foot restaurant building would be a great coffee shop, but when deals with two coffee chains took too long, he opened his search up to restaurants and Feastbox jumped on the deal. “I can’t wait for that intersection to get lively,” Kerman said. “That will have a great im...

Not so free freeways? Officials float idea of adding new toll roads in L.A.

Published Wed, 27 Nov 2024 09:30:28 GMT

Officials are floating the idea of adding new toll roads to Los Angeles freeways.An anticipated study from the Los Angeles County Metropolitan Transportation Authority is expected to show that drivers should pay up if they want to enter certain freeways. Officials said such a program could help ease up traffic in the heavily congested region.Metro is considering the program called congestion pricing, which suggests motorists pay a fee on the highways. The cost could depend on how far a commuter drives, entry to certain neighborhoods or business districts.The next step would be seeking input from the public and use that feedback to help design a pilot project, come up with ways to give people better travel options and low-income assistance programs.In an independent report on the matter, the UCLA’s Institute of Transportation Studies estimated that 13% of households might be unduly burdened by freeway tolling in California due to low incomes and travel habits.Michael Manville of the ...

Restaurant patrons aren't feeling the love

Published Wed, 27 Nov 2024 09:30:28 GMT

Have restaurants fallen out of love with their customers? Could be, says the New York Times. But many eateries are trying to fix things."A plaintive cry is rising from America’s dining rooms: Can we get some service around here?" the newspaper reports."And not just any service. Diners say they crave a night out free from QR codes, waiters who don’t seem to care and menus designed to glorify the chef and attract influencers."In short, customers "want to feel like welcome guests again, wrapped in the kind of warm, competent hospitality they fantasized about while the pandemic took it all away."Sounds like somebody needs a hug.In any case, the Times says restaurant owners are taking the matter seriously."Some restaurant owners, even as they struggle to train a new generation of waiters, hosts and cooks, say they’re looking for ways to restore and even improve that essential piece of the experience," it reports."They’re retiring robot waiters, making dining rooms cozier and giving serve...

U.S. Census data reveals the largest racial group in Los Angeles County

Published Wed, 27 Nov 2024 09:30:28 GMT

Newly released data from the U.S Census Bureau breaks down the largest racial groups for Los Angeles County and other places nationwide. The data, released Thursday, gives a more in-depth look at the 2020 Census data.Researchers found that Los Angeles County’s population is 10,014,009 and the largest racial group is Latino people. In total, there are more than 4 million Latino people in the county alone. For California, that number rises to over 15 million, according to the data.The data was divided into multiple categories, which include, health, race and ethnicity and education. These are the ‘best’ places to live in California, study says. See where L.A. ranks Here is a breakdown of the racial groups in L.A. County.American Indian and Alaska Native: 163,464Asian: 1,499,984Black or African American: 794,364Hispanic or Latino: 4,804,793Native Hawaiian and Pacific Islander: 24,522White: 3,259,427According to the data, Latinos are also the largest racial group statewide. Six Cali...

NorCal baseball regionals: Santa Teresa’s code cracked as Stevenson advances

Published Wed, 27 Nov 2024 09:30:28 GMT

SAN JOSE — It wasn’t easy to crack Santa Teresa’s pitching code.For 34 consecutive innings, the Saints put only zeroes on the scoreboard, a run that included a 14-inning victory in the section semifinals and a shutout in a championship game.But the code was finally solved in a midday matinee on its home field in San Jose on Tuesday.And then Stevenson pounced.After tying the score 1-1 on a throwing error in the fifth, the visitors from Pebble Beach erupted for four runs in the sixth to win the first-round NorCal Division IV regional game 5-1.Stevenson, the seventh seed, advanced to play in the semifinals Thursday.Santa Teresa’s season ended at 17-14.“It’s tough,” Santa Teresa coach Patrick Hawk said. “They just grinded some at-bats. You thought one run was going to hold it. They were able to come up with a big hit with the bases loaded.”In a game that began at 11:05 a.m. to accommodate Santa Teresa’s 4 p.m. graduation at San Jose State — a ceremony that will include four baseba...

Sale closed in Hayward: $1.8 million for a four-bedroom home

Published Wed, 27 Nov 2024 09:30:28 GMT

2615 Hillcrest Avenue – Google Street ViewA spacious house located in the 2600 block of Hillcrest Avenue in Hayward has new owners. The 3,013-square-foot property, built in 2011, was sold on May 1, 2023. The $1,762,500 purchase price works out to $585 per square foot. The property features four bedrooms, three bathrooms, and a garage as well as three parking spaces. The unit sits on a 0.3-acre lot.These nearby houses have also recently changed hands:In September 2022, a 2,450-square-foot home on Tribune Avenue in Hayward sold for $1,585,000, a price per square foot of $647. The home has 4 bedrooms and 3 bathrooms.A 2,685-square-foot home on the 2600 block of Home Avenue in Hayward sold in April 2023, for $1,315,000, a price per square foot of $490. The home has 4 bedrooms and 2 bathrooms.On Parkside Drive, Hayward, in August 2022, a 1,111-square-foot home was sold for $935,000, a price per square foot of $842. The home has 3 bedrooms and 1 bathrooms.