Financial Markets

Tax Increment Financing: A double edged sword for Le Mars? (10/02/08)
Editor's note: This is the first story in a series looking into how Tax Increment Financing (TIF) is working in Le Mars. Taxes on more than 60 percent of Le Mars commercial properties aren't going into the city's general fund. That money is being set aside to be used for economic development...

Financial world rolls, northwest Iowa steady (09/24/08)
In Washington D.C., the federal government is hashing out details on a $700 billion assist to the financial system. In Le Mars, it's business as usual. People are buying groceries, selling shoes, checking out homes to buy, clocking in at work. The question is at the same time distant and pressing: should we be worried?...

School board waits on decision about future levy (09/23/08)
The Le Mars Community School board won't decide whether or not to make another try at starting the Instructional Support Levy (ISL) until November. Monday night's board of education meeting was the first opportunity for board members to discuss together the outcome of the Sept. 9 ISL vote...

School board candidates share views heading into election (09/02/08)
The Le Mars Community School District has two open seats on the board of education. The election to fill the District 3 and 5 seats will be Sept. 9. Joe Cain and incumbent Dan Smith are running for the District 5 spot, and Mark Hemmingson is running a write-in campaign for the District 3 spot, which no one filed papers to fill. To get to know the candidates more, the Daily Sentinel asked each one eight questions, which are printed below with their answers.

Questions answered on school levy issue (08/29/08)
Two public information meetings brought approximately 75 Le Mars Community School District residents out to learn about the Instructional Support Levy (ISL) Wednesday and Thursday evenings. A vote on whether to implement the levy will be held on Sept. 9, the same day as school board elections...

Construction marches forward on new Remsen Medical Clinic (08/13/08)
June rain delays can't stop construction of the new Remsen Medical Clinic. The clinic on Second Street west of the post office is expected to be completed Dec. 1, said Daryl Friedenbach, director of financial services at Floyd Valley Hospital (FVH)...

Enrollment one of key issues in ISL decision (08/12/08)
Le Mars Community School Board of Education members discussed the impact of the outcome of the Instructional Suppot Levy (SL) election during their meeting Monday evening. The ISL as proposed by the board, would raise money for the school's general fund through a mix of instructional support state aid, ISL property tax and ISL income surtax. The issue will be put to a vote on Sept. 9, the same day as school board elections...

Evans advances in Bill Riley Talent Search at Iowa State Fair (08/12/08)
A Le Mars girl has advanced to the semi-finals in the Sprout Division of Bill Riley's 49th annual Iowa State Fair Talent Search. Chloe Evans, 9, of Le Mars, will perform again on Thursday, Aug. 14. She qualified for the talent search with a piano solo...

Sign-up deadline nears for new disaster program (08/07/08)
Sign-up for the SURE, the new USDA disaster program, is underway, and the deadline to participate in this year's program is Sept. 15. SURE is a permanent disaster program that will be specific to each farmer. Unlike previous USDA disaster programs, this one does not require an Act of Congress for it take place...

Fairgoers rate economy first in election (07/31/08)
Presidential candidates better know more about money than how to spend it, according to a survey conducted at the Plymouth County Fair. In a questionaire given to 500 voting-age fairgoers at the Plymouth County Republicans' booth, responders solidly placed "The Economy" as the leading issue that would influence their vote...

Fair auction sets record for total sale (07/29/08)
Sunday afternoon's hot, muggy weather made for some quick bidding at the 2008 Fair Auction in Pioneer Village on the Plymouth County Fairgrounds. Auctioneer Bruce Brock kept the pace brisk as fair royalty displayed the items for sale. When it was finished, $23,335 was added to the fair's treasury, the highest auction total ever. The previous high total was $21,395 in 2000...

Increase of fuel theft at the pump not prevalent in Le Mars (07/18/08)
Throughout the country, high gas prices have caused the theft of gasoline at the pump to skyrocket. With prices around $4 per gallon, people around the nation are more tempted to bolt after filling up. Thankfully this trend in crime has not gripped Le Mars for the most part. But "drive-aways" from the pump do still happen...

Mid-Sioux emergency food pantry in need of supplies (07/18/08)
The Mid-Sioux Opportunity, Inc. Outreach Office in Le Mars is in need of non-perishable food and paper supplies. The food pantry relies on local donations to keep the shelves stocked. "Most people think of donating to food banks during the holidays," said Melissa Juhl development director for Mid-Sioux. "In fact, summer is a very busy time at the food bank. Families consume more food during the summer months with school aged children at home all day."...

In her field: Woman-to-woman ag group offers place to learn (07/09/08)
Crystal Jauer, a mother of two, is working back on the same rural Hinton farm she grew up on. And she's loving it. "I like the interactions with people, the variety, and the farming lifestyle -- having the kids grow up with the family values," she said...

Couple hopes musical notes carry in dollars for prison church (07/07/08)
Foot stompin' country and gospel music will be featured in concert this Sunday in rural Remsen to help raise money for The Church of the Damascus Road. The congregation of The Church of the Damascus Road Evangelical Lutheran Church of America ministers to inmates of any denomination within the prisons in Fort Dodge and Rockwell City...

Grassley gives his take on fuel crunch at Le Mars meeting (07/01/08)
U.S. Senator Chuck Grassley praised ethanol and drilling for more oil in the United States during his stop at a Le Mars town hall meeting where concern about energy and food prices was the prevailing mood. Speaking to a crowd of about 50 people at the American Bank Monday, Grassley responded to questions about fuel prices by presenting his idea for an energy program...

Entities will pay administration costs for county's help (06/19/08)
The Plymouth County Supervisors on Tuesday approved charging $1,500 in administrative costs for helping issue bonds or grants under its tax-free canopy. The topic came to light when Girls Inc., a nonprofit organization from Sioux City, requested the county's help to route revenue bonds through the county...

Corn oil plant seeks property tax relief from county (06/18/08)
A proposed $30 million corn oil plant near Merrill inched closer to reality this week. The Plymouth County Supervisors on Tuesday approved five years of property tax relief for Plymouth Oil L.L.C. The first year will be a 75 percent break declining to 15 percent in the fifth year...

LCS board tries again for instructional support levy (06/10/08)
The Le Mars Community School Board of Education unanimously approved a resolution to participate in the Instructional Support Program for a five-year period beginning with the 2009-2010 school year. This is the board's second attempt to implement the instructional support levy (ISL). A petition by district patrons put the same issue to a vote in March, when it was defeated...

Delivery pains: Trucking industry crunch hits home (06/05/08)
High fuel prices are taking semis off the road. With diesel surpassing $4 a gallon, trucking operations as small as one person and as large as 1,000 drivers are closing down and parking their semis. "In the first quarter of 2008, more than 1,000 companies declared bankruptcy," said Steve Schuster, the president of trucking company Schuster Co. in Le Mars...

LCS board restarts process to adopt ISL (05/28/08)
The Le Mars Community School Board of Education has adopted a resolution to consider participating in the Instructional Support Program for five years and set a public hearing for 7:30 p.m. Monday, June 9. The instructional support levy (ISL) program allows the district a source of raising revenue with a mix of property tax and income surtax for the district's instructional support program...

LCS board looks at new ISL request (05/12/08)
A timeline prepared by Le Mars Community Schools Superintendent Dr. Todd Wendt indicates the board of education may soon begin the process to implement an Instructional Support Levy for the district. The Instructional Support Levy combines state funds, property tax and income surtax as a funding source for school districts. Le Mars Community School District voters defeated the ISL request in March...

Rural roads see more fatal teen accidents (05/12/08)
A recent study found that teens driving on rural roads are more likely to be involved in a fatal accident than teens driving in metropolitan areas. Allstate Insurance Company's study analyzed federal crash statistics and their company's claims data to identify hotspots where fatal teen crashes are higher than others...

Group looks at making Le Mars healthier (05/05/08)
A garden where people from the community can come grow their own vegetables and fruit. More bike racks around town. A website that lists recreation options and local food venders around the area. These were just three of the ideas a community group is throwing around as possible additions to Le Mars through a program called Iowa Fit for Life...

Plymouth County's strengths surprising in uncertain national economy (04/25/08)
Plymouth County is ahead of the game when it comes to economic development, despite an unstable national economy. The county's economy is in good shape because of its low unemployment and property tax rates, high wages and property tax valuations and continued business and residential growth, according to Gary Tucker, Plymouth County's economic director...

LOST requests approach half a million dollars (03/25/08)
An outdoor saddle club arena in Merrill. A rented van for a mission trip to Montana. A handicapped-accessible bathroom at the Le Mars Little League Park. A kids' cabin at the Plymouth County Historical Museum. These are just a few of the 36 projects that county groups are seeking money for through the Local Option Sales Tax (LOST) grant program...

LCS board waives early retirement requirement (03/20/08)
Le Mars Community School board members gave their approval to a waiver of Board Policy 405.1 concerning early retirement at their Monday meeting in response to a request from teacher Terry Lane. Lane, who will complete his 32nd year with the school district in May, requested the board waive the age 55 clause to allow him to retire at the end of the school year, even though he won't turn 55 until the second day of workshops for the 2008-09 contract year. ...