Brevard “State of the County” Update

During my campaign for the District 1 County Commission seat I compiled some data to show the fiscal challenges Brevard County would be facing in the years to come. As you can see from the charts and graphs below, the data for November indicates the recession is quickening in Brevard County.

The information presented here should be a concern for all who live and work here in Brevard – this is especially true for small business owners who are dealing with an incredible slowdown in retail sales and government officials who are facing a significant reduction in property values. Read more

Brevard County Faces Dramatic Decrease in Property Tax Revenue

Join the forum discussion on this post - (1) Posts

Years ago, as the real estate bubble was expanding, we were all introduced to the “subprime mortgage.” It was a mortgage issued to someone of less than prime credit rating and, like the prime mortgages, it allowed for an adjustable interest rate beginning with extremely low teaser rates, interest only loans, and other exotic financing arrangements. Consider the following chart regarding mortgage interest resets and notice the amount of subprime mortgage resets in 2008. Read more