Board of DD levy to be on the November ballot
The administrative team of the ACBDD had a work session with the commissioners, and said they plan to let a .5 mill levy expire, and attempt to pass a 2-mill renewal levy in November.
ACBDD Superintendent Toni Scurpa said the board had decided to go for the 2 mill renewal but end the .5 mill levy after conducting a financial assessment. 'The board did pass a motion,' she said of the intent to go in that direction.
ACBDD Director of Operations and Human Resources Matt Glidewell said there were some carryovers, and the board decided it was the best way to go for the taxpayers and still maintain services.
'What has changed?' Commissioner J.P. Ducro said. He also wondered why a recent board meeting involved discussion about not having the money to transport students.
Manda Jackson, ACBDD director of quality and community outreach, said there are certain transportation expenses the board cannot handle because it is illegal due to the Ohio Revised Code, and others were families made service decisions that provided transportation challenges.
The commissioners affirmed the levy decisions, and Commissioner Kathryn Whittington said she would be glad to discuss ways to improve the levy's chance of passing.
'I think the dropping of the half-mill levy is a good marketing decision,' Ducro said.
Commissioner Casey Kozlowski said he is in favor of the renewal levy, with the expiration of the half-mill levy.
Jackson said the Friends of the Developmentally Disabled have raised money to help pass the levy, since no board funds can be used for levy advertising.
'We have some funds that will allow us to run a substantial campaign,' she said.
Jackson said the committee hopes to use social media, yard signs and other advertising options.
The administrators provided a three-year priority plan for the commissioners that includes fiscal sustainability, ensuring no wait list for services and building stronger community relationships.
Not renewing the half mill levy will leave the 2-mill levy on the books, and two 1.33 continuing levies, passed in 1997 and 2017.
The board will begin the process to get on the ballot, and a resolution will eventually be provided by the commissioners, Kozlowski said about the process, which has many moving parts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
6 hours ago
- Bloomberg
BofA's Hartnett Sees Profit-Taking in Stocks After Jackson Hole
The record-breaking rally in US stocks has left them prime for profit taking in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium, according to Bank of America Corp. strategists. The team led by Michael Hartnett said investors have flocked into risky assets from equities to cryptocurrencies and corporate bonds on optimism that the central bank will reduce interest rates to shore up a weakening labor market and ease the US debt burden.
Yahoo
a day ago
- Yahoo
Seven Mississippians Awarded Entergy's Community Power Scholarship
Scholarship emphasizes the recipients' commitment to community service, leadership and work experience JACKSON, MS / / August 14, 2025 / Entergy is helping high-school graduates from its four-state service area pursue their college and career dreams with $5,000 scholarships from the company's Community Power Scholarship program. This year, the 2025 scholarship recipients include seven exceptional Mississippi students and children of Entergy employees who have showcased remarkable dedication to their community, school and workplace. The one-time scholarships are available for students applying for accredited vocational-technical schools and two-year or four-year colleges and universities. "These remarkable individuals demonstrate unwavering commitment and effort in shaping a bright future and fostering resilient communities," said Haley Fisackerly, president and CEO of Entergy Mississippi. "The Community Power Scholarships will support them in taking the next steps of their educational journey and deepening their engagement with the community. Giving back is a core value for Entergy, so we applaud these young leaders for their work." The following is a list of the 2025 Entergy Community Power Scholarship recipients from Mississippi and the schools they will be attending: Meredith Hawkins, Jackson - Mississippi State University Alexis Hunter, Jackson - University of Mississippi Grace Gardner, Madison - Colorado State University Madelynn Soucie, Madison - Mississippi Gulf Coast Community College Ryan Wu, Madison - Duke University Alyssa Norsworthy, McComb - Southwest Mississippi Community College Desmond Breland - Delta Technical College The seven Mississippi students join 22 other recipients from across Entergy's four-state service area. For more than 20 years, Entergy's Community Power Scholarship program has provided more than $3.6 million in financial assistance to over 730 children of the company's employees, aiding them in covering their education costs. About Entergy Mississippi Entergy Mississippi, LLC provides electricity to approximately 459,000 customers in 45 counties. Entergy Mississippi is a subsidiary of Entergy Corporation. Entergy produces, transmits and distributes electricity to power life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We're also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at and connect with @EntergyMS on social media. Media inquiries:entergymsmedia@ View original content here. View additional multimedia and more ESG storytelling from Entergy Corporation on Contact Info:Spokesperson: Entergy CorporationWebsite: info@ SOURCE: Entergy Corporation View the original press release on ACCESS Newswire
Business Wire
2 days ago
- Business Wire
New Jackson Study Uncovers Surprising Retirement Vulnerabilities and Missteps in Managing Market Risk
LANSING, Mich.--(BUSINESS WIRE)-- Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc. 1 (NYSE: JXN), today unveiled key findings from its latest research on market risk, 2 conducted in collaboration with the Center for Retirement Research at Boston College. This study, the fourth installment in Jackson's Security in Retirement Series, sheds light on how investors perceive, plan for and manage market risk, and exposes a surprising truth: those who avoid the risk of losing money on investments may be vulnerable to a different form of market risk — the risk of low long-term returns. 'Our findings challenge the traditional notion that avoiding risk equates to financial security,' said Glen Franklin, Assistant Vice President of Research, RIA and Lead Generation Strategy for Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson. 'The research underscores the importance of aligning financial behaviors with long-term goals and highlights the value of working with a financial professional to help build resilience against market volatility.' The Jackson Market Risk Vulnerability Index To better understand market risk exposure, Jackson developed the proprietary Market Risk Vulnerability Index (Index), a tool that evaluates investors' financial positioning against five key benchmarks: spending, savings, cash allocation, stock-bond split and diversification. Based on how many of the benchmarks they met, investors were scored as low-index (least vulnerable to market risk), medium-index or high-index (most vulnerable to market risk). The Index revealed that: 57% of high-index investors spend over 50% of their income on basic needs, compared to just 5% of low-index investors. Only 4% of high-index investors meet the recommended stock allocation, leaving them ill-prepared for long-term growth. High-index investors are more than twice as likely as low-index investors to cite longevity risk as a major concern (56% vs. 27%), yet they are less likely to have a plan in place to address it. Additional key findings from the study include: Widespread financial vulnerability. The Jackson report highlights significant financial vulnerability among investors nearing or in retirement. For example, approximately 30% of the survey respondents reported investable assets between $100,000 and $299,999. Many investors fail to meet key benchmarks of general financial health such as appropriate cash allocation, retirement savings targets, or asset diversification, with only 14% of high-index investors meeting the recommended asset diversification benchmark. Risk-averse investors face heightened risk exposure. Investors in the study who describe themselves as unwilling to take risks are among the most vulnerable to the market risk of not realizing potential investment gains. These individuals often hold excessive cash positions — with their ideal cash holdings averaging 49% of total assets, more than double the recommended 20% threshold 3 — and lack diversification. Such behaviors, while cautious on the surface, may leave these investors in a disadvantaged position. High cash holdings can minimize gains during market upswings, and a lack of diversification can leave investors more exposed to market volatility during downturns. High-index investors lack financial resilience. High-index investors, on average, have investable assets nearly 70% lower than their low-index counterparts. Additionally, their average remaining mortgage balance is 78% higher than that of low-index investors, further limiting their ability to build financial security. Diversification too often cited as tactic to protect against market risk. While diversification is a foundational strategy for managing many portfolio risks, it is ineffective in protecting against market risk. However, the study found financial professionals and investors widely cite diversification as a key tactic. During systemic market events like the 2008 financial crisis or the 2020 COVID-19 crash, nearly all asset classes decline together, often rendering traditional diversification strategies ineffective without additional protective measures like annuities or hedging tools such as derivatives. Moderate risk-taking correlates with better outcomes. Investors who adopt a balanced approach to risk (favoring diversification and moderate equity exposure) are more likely to meet key financial benchmarks. They are also more likely to use cost-efficient tools like index mutual funds and ETFs, contributing to better long-term outcomes. F inancial literacy and professional guidance matter. The report found that 72% of low-index investors work with a financial professional, compared to just 43% of high-index investors. This collaboration, combined with higher financial literacy, correlates with greater confidence and preparedness among low-index investors. They are also more likely to engage in effective planning behaviors, such as annual portfolio rebalancing, which is practiced by 56% of low-index investors. Annuities can play a unique role in helping manage market risk. Of the financial professionals surveyed, 61% use annuities with guaranteed income to manage investment risk for clients in retirement. Annuities may complement traditional strategies by providing protection options, growth opportunities and income, especially when tailored to a client's vulnerability profile. 'Another key takeaway from this new survey data is that the widespread use of target date funds as a default option in 401(k) plans can help offset misperceptions held by individual investors,' said Andrew Eschtruth, Director of the Center for Retirement Research at Boston College. 'Investors tend to prefer lower stock allocations than professionals recommend due to overly pessimistic views of stock returns and risk, so nudging them toward higher allocations can improve their long-term financial security.' Financial professionals can learn more about the Index and how to use the tool to better understand their clients' vulnerability to market risk by downloading Jackson's white paper, available at About the Study & Security in Retirement Series The research, fielded between October 15-29, 2024, included online surveys of more than 1,000 investors with at least $100,000 in financial assets between the ages of 48 and 78 years. An additional online survey of 400 financial professionals was conducted between November 4-18, 2024, with respondents being client-facing financial professionals with at least 75 clients. Jackson's Security in Retirement Series is a multi-phase research initiative in partnership with the Center for Retirement Research at Boston College designed to provide actionable insights on key risks to retirement security. Previous studies have explored longevity risk, inflation risk and healthcare risk. The next installment will examine policy risk and how uncertainty about the future of Social Security, Medicare, Medicaid, tax policy and the federal deficit influences decision making and shapes public awareness and concern. To access the full report and additional resources from Jackson's Security in Retirement Series, as well as other proprietary research materials developed by Jackson on topics that impact the saving and spending habits of Americans, visit ABOUT JACKSON Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit *SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2024. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.) Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York). Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer's individual set of facts and circumstances. You should rely on your own independent advisors as to any tax, accounting, or legal statements made herein. This material should be considered educational in nature and does not take into account your particular investment objectives, financial situations, or needs, and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any product, security, or investment strategy. Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and in New York by Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states, and state variations may apply. These products have limitations and restrictions. Discuss them with your financial professional or contact the Company for more information. Jackson® is committed to ensuring more Americans in or nearing retirement can benefit from greater clarity and confidence in their financial futures. To better support this important goal, we have partnered with leading academic experts at the Center for Retirement Research at Boston College to launch the Jackson Security in Retirement Series. This multiphase research effort will take a comprehensive look at a range of potential threats to financial security with the goal of helping financial professionals and retirement savers more effectively identify and manage them. Jackson is not affiliated with the Center for Retirement Research at Boston College. Firm and state variations may apply. Additionally, products may not be available in all states. *Guarantees are subject to the claims-paying ability of the issuing insurance company. 1 Jackson Financial Inc. is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned direct and indirect subsidiaries of JHLLC include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc. and Jackson National Asset Management, LLC. 2 Adam Hayes, Investopedia, 'Market Risk Definition: How to Deal with Systemic Risk,' July 31, 2024. 3 Eric Whiteside, Investopedia, 'The 50/30/20 Budget Rule Explained With Examples,' August 22, 2024.
