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  • Collectible Concept: 1995 Ford GT90 concept going up for auction

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    1995 Ford GT90 Concept – Click above for high-res image gallery

    If Ford first introduced the GT90 Concept at the 2010 Detroit Auto Show next month, we would probably consider it one of the coolest cars on the show floor. Incredibly, Ford unveiled the GT90 nearly 15 years ago. Even by today’s standards it is a supercar of supercars. The quad-turbocharged 6.0-liter V12 puts out an estimated 720 horsepower, the body is constructed completely of carbon fiber and top speed is somewhere in the 250 mph range. The only hints that it’s not a modern supercar are the all-blue interior and wheels that are decidedly not from this decade.

    So why are we talking about the GT90 Concept now? RM Auctions has just announced that it will be offering the car at its Arizona sale. That’s right, this is your chance to own one of the coolest concept vehicles of all time. This is the first time that the GT90 Concept has ever been publicly for sale at auction, and RM claims that it is in “excellent running condition, having been properly stored and maintained over the year.” No estimated price is given, but we’re guessing it will take a significant chunk of change to take the car home. Hit the jump for a detailed description and history of the GT90 Concept, or adorn your desktop with 1990s supercar glory using one of the photos in the high-res gallery below.

    [Source: RM Auctions]

    Continue reading Collectible Concept: 1995 Ford GT90 concept going up for auction

    Collectible Concept: 1995 Ford GT90 concept going up for auction originally appeared on Autoblog on Fri, 18 Dec 2009 10:30:00 EST. Please see our terms for use of feeds.

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  • With Goldman On It’s Back, YRC Has Until January 1st To Save Itself

    YRC Trucking

    Despite pleas from Jimmy Hoffa, trucking company YRC has an ultimatum: pay up on swap agreements by January 1st or risk being torn apart by creditors:

    Bloomberg: YRC Worldwide Inc. has less than two weeks to persuade bondholders to accept a debt exchange and prevent a bankruptcy filing that its employees’ union says may force the biggest U.S. trucking company to liquidate.

    YRC, which has pushed back the deadline for the swap three times this month, must complete the tender by Dec. 31 to avoid a $19 million payment of interest and fees that would leave the trucker in an “unsustainable” position, the Overland Park, Kansas-based company said yesterday in a regulatory filing.

    Read the whole story >>

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  • BMW Hydrogen 7 Scaling Back Operations But Are They Really?

    BMW Spy ShotThere have been several articles floating about over the past week or so stating that BMW is scaling back the operations of its hydrogen development in favor of working or hybrids and battery electric vehicles. The articles state that engineers will be pulled off the BMW Hydrogen 7 to work on other near term projects.

    But, one has to wonder if this instead the company is a regrouping and refocusing its time, energy and efforts on hydrogen fuel cell car development. A couple of years ago I conducted an interview with the Corporate Communications Manager for BMW North America.

    I asked him why his company was developing the BMW Hydrogen 7 for use with liquid hydrogen and bucking the industry standard of using compressed hydrogen gas like most of the other automakers were doing, even the ones building vehicles with internal combustion engines. His reply at that time was that compressed hydrogen gas was not the industry standard.

    But, over the past 2 years liquid hydrogen has not taken off at the new pumps and fueling stations being built, so one has to wonder what role this is playing in BMW’s decision to shelve the Hydrogen 7 for the time being. Perhaps it was more a practical matter that the BMW Hydrogen 7 (at least at one time) had a hydrogen boil off problem in their insulated tanks. Or perhaps, the 125 mile range on hydrogen only (this is a dual fuel vehicle that also uses gasoline with a 300 mile range) wasn’t as green as fuel cell cars that were not dual fuel played a hand in it.

    Then again, one has to wonder if BMW is regrouping their hydrogen efforts and focusing on fuel cells this time around. All Cars Electric is running a spy shot of a BMW 1 Series Hybrid being refueled by an unnamed gas. The photo was taken at a hydrogen fueling station. According to the article, the tank could have been nitrogen for emissions testing. But when I drove the BMW Hydrogen 7 several years back at a ride ‘n’ drive I noticed that there were small tanks like this filled with hydrogen that the engineers for other automakers took with them on the road so that they could refuel between hydrogen fueling stations if desired.

    I’ve got a call in to my contact at BMW but haven’t heard back to confirm or deny this rumor. Another possibility is that BMW has decided to drop liquid hydrogen and go to compressed hydrogen gas and run this through an internal combustion engine that is also a hybrid electric car. Right now this is all speculation and rumors, but don’t count BMW out yet when it comes to hydrogen development. This may just be a tweak in the roadmap with the end goal in mind of putting a commercial hydrogen car on the road in the near future.

  • Bernanke’s Refusal To Raise The Inflation Target Is Idiotic

    PaulKrugman-0909-1Ryan Avent is appalled, rightly, at Ben Bernanke’s response to a question from Brad DeLong, who asked why the Fed hasn’t raised its inflation target:

    The Federal Reserve has not followed the suggestion of some that it pursue a monetary policy strategy aimed at pushing up longer-run inflation expectations. In theory, such an approach could reduce real interest rates and so stimulate spending and output. However, that theoretical argument ignores the risk that such a policy could cause the public to lose confidence in the central bank’s willingness to resist further upward shifts in inflation, and so undermine the effectiveness of monetary policy going forward.

    Let’s parse this.

    Read the full article at The New York Times –>

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  • Research In Motion Is Now A Huge Momentum Magnet (RIMM)

     

    Research in Motion (RIMM) has broken above $70 after the company reported that they are killing it right now.

     

    They've just shipped a record number BlackBerries, beat expectations, and gave strong guidance.

    Check out Dan Frommer's earnings breakdown here.

    Thus RIMM is reporting their best ever shipments... yet its stock, even after today's pop, is well below its own record levels, and even below this year's high around $85. Now watch the momentum traders come back.

    The author does not own shares of RIMM.

    RIMM

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  • Google Fined €300,000 in France over Google Books

    With the latest iteration of the Google Books settlement, it looked like the company was finally in the clear and able to focus on the product instead of lawsuits but this, unfortunately, isn’t the case. While it may have quieted critics in the US, elsewhere, especially in Europe, there are plenty of people more than upset at Google’s nerve to make books more available to those who wouldn’t otherwise have the chance. This is the case in France, where Google will have to pay €300,000 ($430,000) to publisher La Martiniere for infringing on its copyright by scanning its books.

    A Paris court found Google guilty of infringement for exposing fragments of the scanned books online. Google doesn’t allow users to actually access or view the entire books, rather it enables them to search the contents and displays short excerpts of the portion of the text containing the query.

    Still, the French publisher demanded that it be paid for the content and, in the original claim La Martiniere, the French Publishers’ Association and authors’ group SGDL, the parties who filed the lawsuit, asked for damages of €15 million for the crime. The judge found in the plaintiff’s favor, but the damages issued fell way short of the demands.

    However, on top of the initial fine, Google will also have to pay an addit… (read more)

  • As AT&T Complains, People Notice That It Has Decreased Infrastructure Investments, But Wireless Revenue Is Way Up

    Don’t mess with a fake CEO. That’s the lesson of the week. At the beginning of the week, “Fake Steve Jobs” (aka Dan Lyons) got a lot of attention for his rather funny fake phone call with AT&T boss Randall Stephenson where he tells him to fix his wireless network that has been receiving so many complaints from iPhone users. As that post got more and more attention, FSJ came back with another satirical idea: Operation Chokehold. The idea is that at noon Pacific time today (Friday, the 18th) iPhone users around the country should turn on the most data intensive apps they have and run them for an hour, to signal their displeasure with the problems with AT&T’s network.

    Remember, this is a fake online persona who has blogged outrageous satire for years.

    But AT&T apparently took it seriously, calling it irresponsible and pointless. And then, the FCC got into the game, again calling it irresponsible and warning of public safety concerns. Of course, all this has done is draw a lot more attention to the whole thing.

    But even more interesting? It got people to actually look at the details of AT&T’s operations, and its “woe is me” position on its wireless network. Except… well, the numbers tell a story AT&T doesn’t want you to hear. Specifically, they keep making more and more in the way of money, but they’re spending less and less on investment in its wireless network. While there’s obviously a lot more that goes into those sorts of numbers, the numbers don’t make AT&T’s claims sound particularly convincing (Update: Email from AT&T PR wants to reinforce the fact that the numbers shown include more than just direct network investment, such as real estate, call centers and IT support. They also claim that the real numbers — the ones we don’t see — are going up, but provide no evidence. Of course, why AT&T reps don’t comment on this post and explain that to people… remains unknown). While we agree that creating a denial of service attack is not a good idea, AT&T’s response to all of this has only sunk the company in deeper. It’s making a ton of money, and its network sucks… and despite claims of fixing it, they’ve been spending less and less on the network. It seems like that’s a lot more irresponsible than worrying about a random fake CEO.

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  • PhotoBucket and Ontela Merge

    One of the most successful start-ups in recent years, Ontela, has agreed to join forces with the Internet’s biggest photo storage service, PhotoBucket. The new company will be known as PhotoBucket Corporation and will be run by Ontela’s chief financial officer, Tom Munro. He will be president of the new entity, while Jon Miller, chairman and CEO of Digital Media for News Corporation, will be director.

    News Corporation, which acquired PhotoBucket in 2007, will still hold a significant stake in the new firm, while Ontela’s investors will have to make a new capital commitment to ensure an equal stake in the new corporation.

    This development comes as a long awaited decision from Ontela to go forward with a bigger company. Since its launch, interest has been rising in the start-up, to a point where it was considered the hottest prospect on the stock market.

    Ontela’s services are considered not only top-of-the-line, but also ground-breaking and innovative. Customers taking pictures with their mobiles have the ability to automatically store them directly on their computer or on various online storage services like PhotoBucket, Flickr, Blogger, Snapfish or Shutterfly.

    Currently, the service has seen large adoption across wireless carriers including T-Mobile, Verizon, Alltel or United Wireless. This detail right… (read more)

  • Last Minute Foodie Holiday Gift Ideas

     

    There is something of a thrill to getting your holiday shopping done at the last minute. There is a rush of adrenaline, wondering if you’ll find the perfect gift as you rush up and down the aisles of different stores, followed by a huge sigh of relief and sense of accomplishment when you pick up the prize you’ve been searching for.

    Last minute gifts can and should be be easy gifts. While the thrill of the hunt is fun, there is a risk that you won’t end up with what you want. If you have a few solid last minute ideas in the back of your mind, you can breeze through the last of you holiday shopping knowing that you’re set if you don’t find that limited edition whatchmacalit.

    For bakers and cooks, or those who are reasonably likely to spend some time in the kitchen, a cookbook is a great and easy to find gift idea. The Baking Bites Cookbook (which I would recommend with priority shipping from here on out!) is a great one, as are others I’ve mentioned before. A food-related book, like an Anthony Bourdain book or a Ruth Reichel memoir, is a bit better than a cookbook for someone who would rather eat than work in the kitchen. Julie & Julia on DVD should be easy to find in stores, as well.

    Pair any of these gifts with some spatulas, measuring cups, whisks or other common kitchen tools. Cookie cutters, a set of cake decorating tips and a pack of muffin cups are great for a baker. An inexpensive pairing knife, potato peeler or even a jar opener can work well for someone who leans more towards baking than cooking.

    One other last minute idea I always recommend is a gift certificate for a cooking class. These are often available at specialty food stores, like Sur La Table or Williams-Sonoma, and are well-worth the investment to have some professional coaching on making some great dishes.

    (more…)

  • Christmas List 2010: Rattner’s book to debut in time for next Christmas

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    Planning for the future is perhaps an alien concept to big business – even automakers, with their protracted product development cycles. Take a cue of what not to do from them, then, and start planning now for next Christmas. May we suggest that your 2010 wishlist starts with what’s destined to be a hotly-anticipated tome: Steven Rattner’s memoir of his spearheading the bailout of General Motors and Chrysler. Tentatively titled “Overhaul,” the cloyingly-named book will tell the story of the quick-rinse bankruptcies Rattner presided over.

    A fascinating piece that Rattner wrote for Fortune Magazine back in October gave us a glimpse of how riveting such a seemingly-dry subject can be. The book is on track for a debut in the fall of 2010, and might be even more interesting in a year depending on how Rattner’s deals work out. The hardest part is going to be behaving well enough for an entire year so this thing gets stuffed in our stocking.

    [Source: The Detroit News | Image: Neilson Barnard/Getty]

    Christmas List 2010: Rattner’s book to debut in time for next Christmas originally appeared on Autoblog on Fri, 18 Dec 2009 10:03:00 EST. Please see our terms for use of feeds.

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  • More Naruto going portable and multiplatform

    The latest issue of V-Jump features a very welcome Naruto triple-header, and based from the info that the Japanese gaming mag scored, our favorite Konoha Shinobi pulled another Kage Bunshin. You bet, there’s gonna be a lot

  • ALCAN COMPOSITES introduces renewed AIREX® T90

    Alcan Composites Core Materials is keeping up its fast pace of innovation in PET foam products. In March 2009, the new AIREX® T92 was introduced featuring highly increased damage tolerance thus qualifying T92 as a cost-effective core material for the majority of sandwich applications.
    Today, ALCAN COMPOSITES introduces a renewed AIREX® T90 – the economical structural core material for applications with high flame, smoke and toxicity (FST) requirements.

    The renewed AIREX® T90 exhibits largely improved mechanical properties: damage tolerance – to name the most outstanding improvement – has been raised four-fold from 2.5% to 10%, Shear strength, another important design property, has been increased by over 30%. Other key features of AIREX® T90 include high temperature performance, exceptional fatigue resistance, compatibility with all common resins and recyclability.

    Renewed AIREX® T90 has already been certified according to today’s relevant FST standards like NF, DIN, FAR. Furthermore, tests have shown that the new material can also comply with CEN TS 45’545 given the appropriate sandwich design.

    These achievements clearly demonstrate and further expand ALCAN COMPOSITES’ leadership as a pioneer in the field of PET core materials – a success story that started in 2005 with the introduction of AIREX® T90 as the first PET-based core material.

    With the renewed AIREX® T90 and the high performance foam AIREX® R82 ALCAN COMPOSITES is at the cutting edge of FST approved core materials by offering customers two powerful products to meet every requirement for fire resistant sandwich cores.

    ALCAN COMPOSITES’ broadest portfolio of core materials allows customers to perfectly optimize every sandwich structure. With the Hybrid Core Concept®, customers can combine different materials according to their optimisation criteria (weight, cost, sustainability) to get a highly customized sandwich solution.

    Contact for media inquiries:

    Alcan Airex AG
    Industrie Nord
    5643 Sins
    Switzerland
    Email: [email protected]
    Homepage: www.corematerials.alcancomposites.com

  • Dr. J on his best teacher

    Contributor: “Dr. J”
    Dr. J offers his irreverent, slightly irrelevant, but possibly useful opinions on health and fitness. A Florida surgeon and fitness freak with a black belt in karate, he runs 50 miles a week and flies a Cherokee Arrow 200.

    Tom was the best teacher I ever had! A friend in theater once told me, while she was removing the grease paint from her face after a performance, that the audience remembers the good and the bad, never the mediocre. Tom was a very good teacher.

    A lesson on labor

    I first met Tom as a medical student. He had known my Dad professionally, so that was his introduction, but he was not one to favor one student over another. He worked in the emergency and diagnostic clinic of the school. The first money I ever made as a doctor was a project Tom asked me to do. He had a patient who needed a splint made for a broken finger.

    “Mr. J, would you like to make this splint for a patient of mine?” he asked.

    “Sure Doctor, I would be happy to do that, if you think I can,” I replied.

    “I’ll tell you how to do it, and I’m sure you will be able to. And I’ll pay you for doing it, after all, I’m going to charge the patient.”

    After he carefully explained to me what he needed and what to do, I went to the lab later that day after class and made what he asked for.

    “That’s perfect, Mr. J! How much would you like for making that?”

    “$20 dollars,“ was my thought out reply.

    “How long did it take you to make?”

    “About an hour.”

    “$20 won’t even cover the materials you used, I’ll give you $100. The patient will pay me twice that for this!”

    Obviously I was not going to have a very successful practice with my business model, but I think he liked my attitude!

    More lessons

    Tom had the unique ability to make you feel good about yourself and what you were learning.

    Tom invited me out to dinner one evening with his family.

    “We are going to a great restaurant, J, they specialize in catfish,” he said.

    “I’ve never eaten catfish, Tom,” I said.

    “No problem, I’ll teach you how it’s done!”

    He did too. For those who don’t know, there is a time-honored technique to eating this fish.

    I was very excited the day I was accepted to my residency in surgery! I didn’t know that I was accepted to the same school that he went to; he was beaming when he told me.

    Working together

    Due to the rigors of surgery training, I lost track of Tom during those next few years. After finishing up and working a year in the private sector, I got my job in Florida. Was I surprised to find that Tom was already working at the same medical school and hospital!

    “Thought I’d move the family to the sunshine state, Dr. J, great to have you on board!”

    One of Tom’s responsibilities at the hospital was to make sure all the new doctors were certified in CPR and kept their training current. When he was testing my knowledge, I was again reminded of how wonderful a teacher he was, and I felt so good when he approved my technique.

    I had just sat down on a chair in the first floor medical school hallway, taking a break over the noon hour from my teaching responsibilities, when suddenly a Code Blue was announced over the loud speakers. It was in one of the fourth floor clinics. I ran up the stairs to be the first doctor on the scene! Tom was there with a few other personnel.

    “Great Dr. J,” he said. “We are testing the emergency response system, and you got here in less than two minutes, plenty of time to save the patient.”

    “OK, Tom,“ I said, a little short of breath. I went back to my break on the first floor.

    Ten minutes later, a second Code Blue was called! This one was in a clinic on the third floor. I couldn’t take the chance, running up the stairs again, only to find that it was a second test.

    “Dr. J,” Tom proudly said, “We are still testing the system. If you hear another Code Blue, you don’t need to answer it!”

    “That’s good, Tom!”

    I later heard from other colleagues how impressed Tom was with my rapid response!
    indy-driver-j

    Tom was from Indiana, and great fan of the Indy 500 car race! When I began making ceramic sculptures, I made him one of an Indy driver. He really seemed to like that!

    The final lesson

    Something I haven’t mentioned about Tom is he was not in the best of health. He was not that old, but was obese by any measurement one would use. His blood pressure was a little high also, but whenever these things were brought up, he said he felt fine, and he would take care of it eventually. Tom didn’t have eventually. One tragic day, Tom had a stroke. He was paralyzed, and spent the last year of his life in a nursing home.

    I have heard people express the sentiment, “We’re all going to die from something.”

    Although on the surface this is true, and of course chance plays a role in all of our lives, from what I have witnessed as a doctor, our dying can be with peace and grace, or with incredible misery and turmoil, often depending on the lifestyle habits that have paved the way to our ends.

    So if you wonder why it is that I am concerned about people that need to, but are delaying making those important differences in their health and fitness, and mention the BMI or any other measurement that has been shown to be an accurate predictive instrument for warning of future medical problems, it is to alert people to start paying attention.

    I do this because of what I have seen happen to those I care about when they did not value their health, and felt problems would happen to someone else, not themselves, or they will address it eventually, because from all the lessons he taught me, even with his passing, Tom was the best teacher I ever had!

    From the RSS feed of CalorieLab News (REF3076322B7)

    Dr. J on his best teacher

  • Verizon LG VS750 rumoured

    lg_logo A Verizon bound LG Windows Mobile smartphone has been rumoured, and has shown up on the Bluetooth SIG website.

    The handset is said to be dual CDMA/GSM and feature and very thin form factor.

    Stay tuned for more as we receive it.

    Via Unwiredview.com

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  • Gold Weakness Wipes Out Six Months Of Gains At The Miners

    Barrick Contrarian Indicator For Gold

    There are a lot of gold bulls out there who advocate playing the mining stocks, instead of the metal, arguing that through the miners you’re getting leverage.

    That may be true.

    But leverage works in reverse.

    In this case it works like this: one month of gold declines = six months worth of gains destroyed.

    MineWeb, which performed the survey, continues to harp on a big problem at the miners. In the end, they really don’t produce that much cash:

    Looking at global Tier I gold diggers – representative groups which have mines of various ages – Newmont is currently priced at US$47.63 a share, a level first recorded in the latter parts of 2003. A similar profile is produced by the NYSE pricing for AngloGold Ashanti. Kinross is now trading at levels it first attained in the latter parts of 2007, as is Barrick, the world’s biggest gold miner by value and output. Goldcorp, a comparatively new name, is trading around levels first notched up during a spike in May 2006.

    Leaving aside the issue of forecasting the gold bullion price – forever a mug’s game – there may be increasing concerns that gold miners are simply not producing cash in line with other performance metrics generally presented to investors. Thursday’s blow off in the Agnico Eagle stock price was associated with technical presentations given by the company, which included information that while production would roughly double in 2010 to about 1.05m ounces, costs could rise to nearly USD 400/oz. Agnico Eagle’s cash costs have risen from USD 162/0z to an estimated USD 340/oz for 2009.

    All of these numbers are impressive, given the level of gold bullion prices, but the insistence of gold companies blasting out cash costs in a vacuum may be wearing thin. Reference Agnico Eagle’s financial statements and these will show that since 1 January 2007, the group has produced cumulative negative free cash flow of USD 1.5bn, computed by aggregating operating cash flow and cash spent on capital expenditure.

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  • Amazon Is Having A Very Merry Christmas (AMZN)

    amazon warehouse

    Through December 16, same-store sales growth at large online retailers, including Amazon.com (AMZN), is up more that 15% year-over-year.

    The sales firgures are according to Chase Paymentech’s Pulse Index, a payments processor which handled ~50% of all Internet transactions in 2008, according to JP Morgan analyst Imran Khan.

    Some other takeaways:

    • Online sales volume is up 25% y/y. Says Imran: “We view this as an indication of consumers’ increasing comfort with online shopping.”
    • Average ticket sizes are down (~8% y/y) but getting bigger by the day — down only 5% over the past two weeks.

     

     

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  • BREAKING: Swedish Patient Succumbs – Deal for Saab is dead on the table, GM to wind down brand

    Filed under: , ,

    2010 Saab 9-5 – Click above for high-res image gallery

    After a protracted saga that has seen bidders drop in-and-out and old model tooling and assets sold off to the Chinese, the enigmatic brand known as Saab is dead. In a press release issued this morning, General Motors announced that the “intended sale of Saab Automobile AB would not be concluded.” GM had been in talks with Dutch exoticmakers Spyker Cars after pursuing a number of other buyer leads (including the aborted sale with Koenigsegg), but The General says that in the course of due diligence, the resolution of certain unspecified issues became impossible in the time frame that they had set for themselves.

    As such, GM will immediately begin the “wind down” of the much-loved yet perpetually unprofitable cult brand, but says it will continue to honor warranties and provide spare parts and service – presumably through other GM brand dealers – as Saab dealers go offline. Officials note that this is not a bankruptcy or forced liquidation situation, so outstanding creditors should still expect to receive payment.

    It is not clear what will happen to the production-ready 2010 9-5, nor the current 9-3/9-3X model and almost-ready 9-4X. Official death certificate available after the jump, historical slide show of the brand in photographs viewable below.

    Gallery: 2010 Saab 9-5

    [Source: General Motors]

    Continue reading BREAKING: Swedish Patient Succumbs – Deal for Saab is dead on the table, GM to wind down brand

    BREAKING: Swedish Patient Succumbs – Deal for Saab is dead on the table, GM to wind down brand originally appeared on Autoblog on Fri, 18 Dec 2009 09:36:00 EST. Please see our terms for use of feeds.

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  • Harper College Board of Trustees Adopts Estimated Tax Levy

    Tax cap, property tax appeals will limit amount College will collect

    (PALATINE, IL) The Harper College Board of Trustees adopted the College’s annual estimated tax levy following a public hearing at the regular meeting on Thursday, December 17, 2009.

    The total levy for 2009 is $64,112,301, a decrease of four-tenths of one percent (0.4%) from the previous year’s final extension.

    The amount of property tax revenue that Harper will be able to collect, however, is governed by the state’s property tax cap. The tax cap restricts the amount of money a taxing body can collect to five percent over the previous year’s extension or the current rate of inflation, whichever is less. The current CPI is 0.1 percent.

    The College also anticipates losing $1.6 million in revenue to successful property tax appeals from commercial property owners in 2010. Since 2003, Harper has lost $9.4 million in revenue from successful tax appeals made to the Property Tax Appeals Board (PTAB).

    The estimated tax rate for all Harper College tax-capped funds is 19.66 cents per $100 of assessed valuation for 2009. That represents a decline of two-tenths of one percent (0.2%) from 2008, when Harper’s tax rate was 19.70 cents per $100 of assessed valuation.

    The board first reviewed the property tax levy at its October 15, 2009 meeting.