TVA is increasing rates for electricity for a second time in 2024. First, there was "a 4.5% increase approved for the 2024 fiscal year that was approved in August 2023."
Now, "TVA shared that the 5.25% base rate increase will be taking effect on October 1, 2024."
"Maryville city staff are proposing rate adjustments to three of the city’s utilities, with potential changes coming around January." Haven't heard what Alcoa and Knoxville Utilities Board are doing.
On top of the property tax increase last year, these rate increases make it harder and harder to maintain a home.
Then, "The director of Tennessee’s statewide housing finance agency [Tennessee Housing Development Agency Executive Director Ralph Perrey] offered Blount County residents a solution to high prices (during a presentation at the Blount Partnership ): build more homes.
That's all well and good if the infrastructure holds up. I'm not sure it is. Schools and roads are suffering for sure. Then, we have to wonder how the local municipalities are doing. Are they still able to provide sufficient police and fire services?
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Discussing:
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TN Progressive
- Alcoa property taxes will probably not go up (BlountViews)
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
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TN Politics
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Knox TN Today
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- The Johnsons (Knox TN Today)
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- Wesley House Community Center invites the community to Friends of Wesley Breakfast (Knox TN Today)
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Local TV News
- ‘Getting louder’: Winfield residents frustrated by Bitcoin mine's persistent noise (WATE)
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State News
- Immigrant org, La Paz Chattanooga, tries to bridge immigration perspective at local club - Chattanooga Times Free Press (Times Free Press)
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Wire Reports
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- Capital Factory CEO Joshua Baer killed in plane crash near Laredo, Texas - KEYE (US News)
- Trump escalates his war on Senate Republicans — and senators are striking back - Politico (US News)
- Pentagon releases the names of 8 people killed in B-52 plane crash at California Air Force Base - NBC News (US News)
- Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects - The New York Times (Business)
- Tropical Storm Arthur, first named storm of the season, threatens Southeast with flash flooding - NBC News (US News)
- AP Exclusive: Bernie Sanders unveils plan to give the public direct ownership of AI companies - AP News (Business)
- Iran to define Strait of Hormuz administration with Oman and Gulf states, senior U.S. officials say - CNBC (US News)
- Oil prices fluctuate as Trump's Iran deal could fully reopen Strait of Hormuz - Fox Business (Business)
- Trump’s Justice Department urges court to throw out pollution lawsuit against Elon Musk’s company - CNN (Business)
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