Guest Columnist

The Federal Reserve was formed in 1913 when President Woodrow Wilson signed the Federal Reserve Act. The law created an independent agency, the Board of Governors, and 12 regional Federal Reserve Banks throughout the country.

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).

Over the last four years the Board of Supervisors has been working on policies around the dispensing and cultivation of medical cannabis. While work around cannabis in general will be evolving for quite some time, the Board is poised to adopt a commercial cultivation ordinance in early May. Creating a framework for medicinal sales (through local dispensaries) was the first thing addressed by the ordinance a few years ago. While there have been updates to that ordinance, overall the framework for medicinal sales has been established. Creating a framework for commercial cultivation — both on the medicinal side and now, through state law change, the recreational side, has proved more difficult.

We mentioned in our January article that many people were likely to be surprised that come tax filing time the refund that they have come to expect every year in the spring has evaporated, or worse yet, they now owe money to the IRS!

What came first, the chicken or the egg? How about “when I want to buy a home, who do I see first, the realtor or the loan officer? These are deep philosophical questions that require an astute examination of perception versus reality. The perception for years has been to walk into a real estate office and start the process of buying a home. The reality is doing it this way is like walking onto a car lot and walking right up to a salesman and asking if he would sell you a car.

As you may well have heard, at the end of 2017 Congress passed the Tax Cuts and Jobs Act. While corporations might be celebrating the cut of the top corporate tax rate from 35 percent to 21 percent, many might be wondering how the new tax law affects them personally.

As I begin each new year as your County Supervisor, I like to report back in this column on some of the things we’ve accomplished because of your partnership and communication of priorities. Here is a very small overview of what we accomplished in 2017: Community Meetings: In 2017, we’ve held 71 open office hours in Aptos, Corralitos, La Selva Beach and Watsonville and held or attended nearly 50 community and neighborhood meetings in Seacliff, La Selva Beach, Aptos, Watsonville, Capitola and Corralitos. In addition, I’ve written over 50 columns in local papers and neighborhood newsletters and sent a number of e-newsletters to communicate with our district about county happenings.

My parents are ready to buy a home, but my mother wants to buy the land and build their home. Are there programs that can help buy her land to build her home? Is there a possibility for a first time home buyer to buy land to build or is it easier just to buy a home that is already built? 

2018 sales volume is flat compared to 2017. 1,668 homes sold in Santa Cruz County at an Average Price of $833,869. In Aptos, 263 homes sold at an Average Price of $1,199,047 and Median Price of $1,003,000; much higher than the county but same as 2017.

With Memorial Day and the unofficial start of summer the number of complaints for fireworks begins to increase.