Guest Columnist

Gary E. Croxall, CFP® Soren E. Croxall, CFP® Croxall Capital Planning Securities and Advisory Services offered through National Planning Corporation (NPC), member FINRA/SIPC, a Registered Investment Advisor. Consulting and Investment Management offe

By John Hibble, Aptos History Museum The native people who lived here and gave Aptos its name, lived on the land and were stewards of it. They may have been territorial, but they did not have the concept of land ownership. The first owners of this...

Over the last year, in response to significant declines in transportation funding, the state legislature proposed a number of bills to stabilize funding. Ultimately, in April, the state passed Senate Bill 1, the Road Repair and Accountability Act. The bill focused on providing a steady stream of transportation funding to address the backlog of state and local transportation projects. The legislation combined new diesel and gasoline taxes with vehicle fees and Caltrans efficiencies to fund local and state roadway repairs (including storm damage local matches), public transportation, congested corridors, bike and pedestrian improvements and more. The bill also allows for cities and counties with their own local tax measure (such as our recently passed Measure D) to apply for additional funds.

As we are writing this month’s article, the Dow Jones Industrial Average just crossed over 22,000 for the first time in history (Aug. 2, 2017). Year to date the Dow Jones Industrial Average is up approximately 11.4 percent while the S & P 500 is up approximately 10.61 percent (as of Aug. 1, Source: Morningstar).

Sept. 15 marked 10 years since the collapse of Lehman Brothers. The Financial Crisis of 2008 wiped out about 8.8 million jobs, according to the Bureau of Labor Statistics, and caused about $19 trillion in household wealth to evaporate. While the recession officially started in December 2007, we wanted to review a timeline of some key events and also look forward to the future.

The Aptos Chamber was more like a small-town improvement association. The initial name was the Aptos Community Club. The first item of business was to get a fire engine for the town and to obtain all night telephone service. The next item of work was to celebrate the opening of the new bridge into town which replaced an old wooden bridge with a suicide curve in the middle. The chamber planned the ceremony and a big parade.