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Santa Barbara Will Spend $5M on Streets, $350K on Police Station Plans with Sales Tax Revenues

Santa Barbara plans to spend $5.15 million to repair city streets once it starts collecting Measure C sales tax money on April 1, including traffic signals, sidewalks, access ramps, street lights and storm drains. The Santa Barbara City Council voted last week to prioritize infrastructure project funding with the Measure C revenues, which can be used for any general governmental services. The council’s list of funding priorities are: immediately begin repairs of city streets; planning, permitting and bonding for a new police station; replace Fire Station 7; and support projects at parks and libraries. City voters approved the Measure C sales tax increase, to a rate of 8.75 percent, in Novemb

Santa Barbara International Film Festival Recap

The Santa Barbara International Film Festival, held from January 31st-February 10th, just came to a close, marking another year of groundbreaking film, celebrity visits, and beautiful events. Here are some of the awards you should know about: Maltin Modern Master Award: Gary Oldman. This is the highest award given by the festival. Outstanding Directors: Guillermo Del Toro: The Shape of Water. Greta Gerwig: Ladybird. Christopher Nolan: Dunkirk. Paul Anderson Thomas: Phantom Thread. Jordan Peele: Get Out. Cinema Vanguard Award: Willem Dafoe. Given to actors who have taken risks in their career, and made a significant contribution to film through these risks. Outstanding Performers: Marg

Affordable Housing and HELOC Deductibility Under New Tax Laws

The new tax bill passed by Congress in December 2017, celebrated as the Trump Administration’s first major legislative victory, will have inadvertent consequences for potential homebuyers looking to buy homes in high-end markets, and for those with a home equity line of credit (HELOC). A decrease in home prices and caps on tax deductions, among other effects, will lower affordability in some high-tax states. The GOP tax bill, which includes a $1.5 trillion tax cut, lowers tax rates for individuals and corporations, and introduces limitations on mortgage and tax deductions. The bill will cut the corporate tax rate from 35 to 21 percent and repeal the corporate alternative minimum tax. Taxes f

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All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. This is not intended to solicit property already listed.​

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