Latest news with #Huffman
Yahoo
2 days ago
- Business
- Yahoo
Ohio leaders at odds about property tax relief in budget
COLUMBUS, Ohio (WCMH) — State lawmakers will be passing a multi-billion-dollar state budget in just a few weeks, but more changes are coming to the spending bill on Tuesday. Public school teachers said they hope some of the changes are in school funding. 'We're just asking for things to be made fair,' Ironton City Schools physical education teacher Daniel Murphy said. Murphy said he grew up in a low-income house, went to public school and is now a teacher and president of his local union. Without his public school, he said none of it would have been possible. 'It's a stamp on what public education can truly do when it's given a fair, equal cut of the budget,' Murphy said. Murphy said that's why budget talks worry him right now, and said it risks cutting programs for students. 'How does that effect funding for meals? How does that directly affect us on how we do our after-school activities,' Murphy said. Under the proposal, schools do see an increase in funding compared to the past two years, but the 'fair school funding plan' that was created several budget cycles ago is no longer in play. 'If we had done what some call the 'third phase,' it would've been a $1.8 billion increase in school funding, which pretty much would've wiped out other funding we did for daycare, a whole number of other things,' Ohio House Speaker Matt Huffman (R-Lima) said. Instead, schools now see $550 million in the house version of the budget; Huffman called it substantial. Property tax relief plays into all of this too. Right now, the state budget has a relief plan that works like this: if you live in a school district that carried over more than 30% of its budget from the previous year, your property tax bill will go down. But Republican leadership between chambers is at odds about the proposal. 'The 30% number was based on the fact that prior to this conversation, the school standard was 25% carryover,' Huffman said. 'I think 30% is too low. I think it fails to account for some of the unforeseen circumstances that schools that may have to deal with from a capital perspective,' Ohio Senate President Rob McColley (R-Napoleon) said. The proposal would impact 486 of the state's 600-some school districts. Huffman touts this as likely the largest property tax relief in the state's history, estimated to help Ohioans save $4.2 billion dollars. But will he compromise on the 30%? 'It's not a matter of sort of, 'well how about 70%, how about 50%,' or whatever,' he said. 'It's 'what is the reason that some other number is appropriate,' so I guess I'd have to have that argument as to what would be appropriate.' McColley said schools need enough money to be ready for unforeseen circumstances, like replacing a boiler or a getting a new roof. But he said he can see that too much stored money is not ideal. 'Acknowledging that if a school is carrying over very large amounts of money, is that really a good thing either? So, we'll see where we end up,' McColley said. 'I don't know that we've reached a final idea as to what we're going to do.' The Senate is planning to amend the state budget on Tuesday. Once the Senate passes its version of the state budget, the House and Senate will need to come to an agreement by July 1. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
3 days ago
- Business
- Yahoo
Here's the Minimum Net Worth Considered To Be Middle Class in Your 70s
Wondering if your nest egg stacks up with the average retiree? As we age, the idea of 'middle class' starts to look a little different — especially in our 70s, when income often shifts from paychecks to pensions, savings and Social Security. According to retirement-plan provider Fidelity Investments, people should have the equivalent of 10 times their income put aside by age 67 to have a comfortable retirement. Trending Now: Explore More: 'When you're in your 70s, being 'middle class' isn't just about how much income you bring in each month — it's about whether your total financial picture allows you to live comfortably without worrying about running out of money,' Kevin Marshall, certified public accountant (CPA), tax and personal finance expert, and senior contributor at Amortization Calculator. If you're curious where you stand, here's a look at the minimum net worth typically considered 'middle class' for folks in their 70s. According to Kevin Huffman, owner of Kriminil Trading, the amount of money you'll need to sustain a middle-class lifestyle in your 70s in 2025 will vary significantly based on where you live, what your health costs look like and what kind of lifestyle you want to enjoy. But as a rough guideline, he said we're looking at something from $500,000 to $1.5 million for most retirees. Find Out: Huffman noted that while someone in a mid-cost city such as Denver may need about $750,000 to cover just the basics: Healthcare premiums ($7,000 per year), groceries, utilities, and occasional trips. Those in high-cost areas, such as San Francisco, could end up needing $1.2 million or more, with inflated living expenses. 'The typical 70-year-old couple needs, at a minimum, $55,000 to $65,000 per year post-retirement, not including long-term care,' Huffman added. According to Huffman, those in their 70s with $300,000 in savings following a mortgage payoff and who have Social Security/pension income of $40,000 per year can frequently manage to eke out a middle-class lifestyle without much suffering. The trick, he explained, is to maintain enough liquid financial assets, in the low seven figures, while also ensuring you have a guaranteed income stream enough to outpace inflation. Sound planning like downsizing or annuitizing part of your savings could stretch your net worth even further. More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Here's the Minimum Net Worth Considered To Be Middle Class in Your 70s Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Entertainment
- Yahoo
Felicity Huffman Shares Her Thoughts On 'Desperate Housewives' Reboot
Felicity Huffman took a stroll down Wisteria Lane — at least in spirit — by weighing in on the upcoming 'Desperate Housewives' reboot. Long before Bravo's housewives were flipping tables and stealing spotlights, Huffman and her band of perfectly imperfect suburbanites hit the ground running in 2004 on ABC, redefining what it meant to live behind a white picket fence. Now, years later, 'Scandal' star Kerry Washington will executive produce an upcoming revival, 'Wisteria Lane.' Washington's involvement sparked discussion on Wednesday's episode of 'Good Morning America' when Huffman was asked to share her thoughts. 'Can I ask you about 'Desperate Housewives?'' co-host Robin Roberts eagerly asked, noting the buzz surrounding the new take on the beloved drama. 'Isn't that great,' Huffman said almost instantaneously. 'They're going to do Wisteria Lane with women of color — and I am all for it.' After voicing her support, Huffman joked that she 'will be doing craft services for the project.' In case there were still any doubts about her enthusiasm, Huffman doubled down with a heartfelt nod to Washington. 'I just think it's wonderful, and I'm a huge fan of Kerry's,' she added. Co-host Michael Strahan followed up, asking who she thought might take her former role. 'Oh my God, I have no idea. I think a lot of people could do it better than I did,' Huffman said modestly. 'I can't wait to see it.' Felicity Huffman Says Her 'Old Life Died' After College Admissions Scandal Felicity Huffman Could've Kept Quiet, Instead She Spoke Out And Removed All Doubt Felicity Huffman Lands First Post-Prison Acting Gig After College Admissions Scandal
New York Post
4 days ago
- Entertainment
- New York Post
Felicity Huffman reacts to Kerry Washington's ‘Desperate Housewives' reboot
Approved by Lynette Scavo. Felicity Huffman reacted to the news that Kerry Washington is developing a 'Desperate Housewives' reboot during an appearance on 'Good Morning America' Wednesday. 'Isn't that great? They're gonna do Wisteria Lane with women of color, and I am all for it,' Huffman, 62, said while promoting her new Lifetime movie 'The Thirteenth Wife: Escaping Polygamy.' 8 Felicity Huffman attends A New Way Of Life 2022 Gala in Los Angeles in December 2022. Getty Images 'I'm gonna do craft service for it,' she joked of her involvement in the reboot, adding, 'But I just think it's wonderful. And I'm a huge fan of Kerry's.' When asked who she'd like to play Lynette in the remake, Huffman replied, 'Oh my god, I have no idea. I think a lot of people could do it better than I did, so I can't wait to see it.' 8 Felicity Huffman as Lynette Scavo in 'Desperate Housewives.' © 2004 ABC, INC. 8 Kerry Washington seen outside 'Good Morning America' in New York City on May 2. GC Images 'Desperate Housewives' aired on ABC from 2004 to 2012, starring Huffman, Eva Longoria, Marcia Cross and Teri Hatcher. For her role as the stay-at-home mom, Huffman won a Primetime Emmy Award for Outstanding Lead Actress in a Comedy Series in 2005. 8 Marcia Cross, Eva Longoria, Teri Hatcher and Felicity Huffman in 'Desperate Housewives.' ©ABC/Courtesy Everett Collection 7 years after the show ended, Huffman was charged in the nationwide 2019 Varsity Blues college admissions scandal. She admitted to shelling out $15,000 to have someone else take her daughter Sophia's SATs. The Oscar nominee served 11 days in jail in Oct. 2019. She subsequently paid a $30,000 fine and completed 250 hours of community service. 8 Felicity Huffman arrives at 'Good Morning America' on May 28. GC Images In a new interview with Entertainment Tonight, Huffman said about the reboot, 'First of all, I'm a huge fan of Kerry Washington's. She's so talented and such a force. But I think it's great they're doing Wisteria Lane with women of color. It's exactly what's needed, it's exactly the stories we need to be told. So I am all for it.' But Huffman admitted she thinks it would be 'distasteful' if she appears in the reboot. 'I think it should just live on its own,' she stated. 'I think [creator] Marc Cherry is involved, so it'll certainly have that voice.' 8 Felicity Huffman and Vanessa Williams in 'Desperate Housewives.' Disney General Entertainment Content via Getty Images Last month, it was announced that Washington, 48, and the Disney-owned Onyx Collective were developing a reboot of the comedy-drama-mystery series with 'The Flight Attendant' showrunner Natalie Chaidez. The 'Desperate Housewives' remake will be a 'fun, sexy, darkly comedic soap/mystery' set around 'a group of five very different friends and sometimes frenemies who all live on a picture-perfect cul-de-sac called 'Wisteria Lane,'' according to Variety. 8 Kerry Washington attends the 2025 Met Gala. Getty Images for The Met Museum/Vogue However, fans of the original series quickly slammed the reboot news on social media. 'Stop ruining the classics and come up with something original,' one fan wrote on X. 8 Felicity Huffman, Teri Hatcher, Marcia Cross and Eva Longoria in 'Desperate Housewives.' © 2004 ABC, INC. 'The same thing that happened to sex and the city is about to happen to desperate housewives,' another person tweeted, referencing 'And Just Like That.' While appearing on 'The View' earlier this month, Washington said about the remake, 'The idea is that it's new times. There are new challenges.' 'It's like, what happens on that cul-de-sac now?' she added. 'It's really exciting.'
Express Tribune
4 days ago
- Entertainment
- Express Tribune
Felicity Huffman supports Desperate Housewives reboot led by women of color titled Wisteria Lane
Felicity Huffman, best known for her role as Lynette Scavo on Desperate Housewives, has shared her support for the upcoming reboot of the iconic series. In a recent appearance on Good Morning America, Huffman expressed excitement for the new project, titled Wisteria Lane, though she noted she likely won't be involved beyond cheering from the sidelines. 'They're going to do Wisteria Lane with all women of color, and I'm all for it,' she said. 'I'm going to do craft services,' she joked, adding, 'I just think it's wonderful, and I'm a huge fan of Kerry's.' The upcoming reboot will reimagine the original suburban drama with a new cast of women of color. It is being developed by 20th Television in collaboration with Kerry Washington's production company and will be written by Natalie Chaidez. The title, Wisteria Lane, references the fictional street where the original show was set. Desperate Housewives, which aired from 2004 to 2012, starred Huffman alongside Teri Hatcher, Eva Longoria, and Marcia Cross. When asked who should portray Lynette Scavo in the reboot, Huffman replied humbly, 'I think a lot of people could do it better than I did, so I can't wait to see it.' Since its announcement in April, Wisteria Lane has sparked a range of reactions from fans, with some voicing concern over reviving a beloved classic with a new approach. Huffman also appeared on the morning show to promote her upcoming Lifetime project, The Thirteenth Wife: Escaping Polygamy, a two-part movie based on true events.
