LONE STAR RECEIVES AAA RATING
Lone Star College (LSC) has again received a rating of AAA – the highest rating possible – from Standard & Poor’s Ratings Service. The AAA rating, which was issued for LSC series 2017A limited-tax general obligation bonds, allows LSC to save millions of dollars for its taxpayers. In its report, S&P noted “the system’s financial performance is strong, in our view, with a history of operating surpluses on a full-accrual basis. We consider the system’s financial management practices strong under our financial management assessment methodology, indicating practices are strong, well-embedded and likely sustainable.”
GENERATION PARK TO HOST NEW LUXURY APARTMENTS
A new luxury apartment project near Lake Houston was recently announced by Martin Fein Interests Ltd., which closed Jan. 10 on a 17.9-acre site off W. Lake Houston Pkwy. Plans released show a luxury three-story, garden-style apartment complex spanning about 300 units on the site, which sits a few miles north of Generation Park and is zoned to Humble ISD. The project is expected to get underway later in 2017. Martin Fein Interests is expected to break ground on the yet-to-be-announced project later this year. More details about the project were not immediately available.
The national office of SCORE mentors to America Small Business honored SCORE Houston-Chapter 37 with its Chapter Platinum Leadership Award. The award recognizes SCORE Houston for its outstanding leadership, commitment and exemplary services in maintaining its chapter standards of operation in Fiscal Year 2016. SCORE Houston-Chapter 37 has received this award for the past five years. SCORE Houston has been a part of the local small business community since 1965. In Fiscal Year 2016, the chapter volunteers provided free face-to-face mentoring and low-cost workshops for several thousand aspiring entrepreneurs and small business owners. For more information about starting or managing a small business, call 713-487-6565 or visit houston.score.org.
HARRIS COUNTY APPRAISAL DISTRICT LAUNCHES REDESIGNED WEBSITE
The Harris County Appraisal District has announced a redesigned website with a new, updated look. The new website now features a more intuitive and customer service-focused design with the most viewed sections – such as property search, forms and online services – easily located on the main page. The result of the redesign is a fresh new look with improved functionality, resulting in a more engaging user experience. For further information, visit hcad.org.
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START TEXAS TUITION PLAN
Looking for an affordable way to save for a child’s higher education? The Texas Tuition Promise Fund, the state’s prepaid college tuition plan, could be the answer for your child or someone you know. There’s no better time to discover the program because this enrollment period is open through Feb. 28. (Enrollment for children younger than 1 is open through July 31). The tax-advantaged Texas Tuition Promise Fund is designed to help families lock in today’s prices for tomorrow’s tuition and school-wide required fees at Texas public colleges and universities. Tuition units purchased in the plan may be used for all or a portion of these costs, and the flexible payment options fit almost any budget. Go to TuitionPromise.org to learn about the program and give the gift of college to someone you love.
JANUARY TAX TOTALS $2.45 MILLION
Texas Comptroller Glenn Hegar announced that state sales tax revenue totaled $2.45 billion in January, 0.7 percent less than in January 2016. Total sales tax revenue for the three months ending in January 2017 was up by 0.3 percent compared with the same period a year ago. Sales tax revenue is the largest source of state funding for the state budget, accounting for 58 percent of all tax collections in Fiscal Year 2016. Motor vehicle sales and rental taxes, motor fuel taxes and oil and natural gas production taxes also are large revenue sources for the state.