Great Recession

Area housing market on steady growth pace

Area housing market on steady growth pace

The Navarre real estate market isn’t booming quite like sometimes in the past, but it’s on a solid growth trajectory that doesn’t appear to hold a bust in store either. In other words, it may be just right. Read the full article in the Jan. 3 issue of Navarre Press. Visit www.navarrepress.com/subscribe to view subscription […]

Founder Hughes terminated from Beach Community Bank

Founder Hughes terminated from Beach Community Bank

After being removed from the CEO seat in July, founder of Beach Community Bank Tony Hughes was terminated from employment with the bank Aug. 31. Charles “Chip” Reeves took over as CEO for the bank in July after Hughes became the bank’s Northwest Florida Market president. Read the full article in the Sept. 13 issue […]

Rising property values boost school budget

Rising property values boost school budget

The tax rate that Santa Rosa property owners pay to fund the county’s public schools won’t rise next year, although their total tab will. That’s because property values keep going up in a rebounding economy and a housing market that has largely recovered from the “bubble” that burst during the Great Recession of a decade […]

Beach Community Bancshares bankrupt; bank to be sold

Beach Community Bancshares bankrupt; bank to be sold

Following more than a decade of delinquent loans, capital deficiencies and poor bank ratings, Beach Community Bank will soon be under new ownership as the bank’s holding company, Beach Community Bancshares, Inc., has filed for bankruptcy. According to the documents filed in the Northern District of Florida United States Bankruptcy Court, the bank will shift […]

Bank health in Navarre by the numbers

Bank health in Navarre by the numbers

Bank failures ran rampant during the Great Recession, but thanks to the Federal Deposit Insurance Corp. (FDIC) and, for credit unions, the National Credit Union Administration (NCUA) many of the losses were covered. For accounts with less than $250,000, these federal agencies insure consumers’ money, but unhealthy banks come with other problems, said Ken Tumin. […]

More residents pay property taxes on time

More residents pay property taxes on time

In yet another sign of the area’s economic recovery, the number of Santa Rosa property tax delinquencies continues to fall. County records show that the percentage of property taxes collected after the annual March 31 delinquency deadline—when the levy for 2016 was due–fell to 5 percent this year. Read the full article in the Oct. […]

2017 Taxpayer Independence Day

2017 Taxpayer Independence Day

On Monday, April 17, Florida TaxWatch joined the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2017. On that day, Floridians are finally earning money for themselves–not for the tax collector. This symbolic date assumes that every dollar earned since Jan. 1 goes to pay federal, state and local tax obligations. This measure of tax […]

Home foreclosures drop as economy strengthens

Home foreclosures drop as economy strengthens

In yet another sign of Santa Rosa’s growth and recovery from the Great Recession, home foreclosures fell for the third straight year in 2016 while the inventory of repossessed houses also declined. Further, the prices being paid to buy foreclosed homes are rising steadily as fewer languish for long. Read the full article in the […]

Santa Rosa homebuilding stays strong

Santa Rosa homebuilding stays strong

The demand for new single-family homes is being answered by Santa Rosa County builders who are off and running toward a third straight year of constructing more than 1,000 houses. Read the full article in the April 6 issue of Navarre Press. Subscribe online at navarrepress.com for as little at $38 per year.

County officials’ travel expenses vary widely

County officials’ travel expenses vary widely

The work-related travel by certain Santa Rosa County officials at taxpayers’ expense more than doubled during the past year, while some others cut back on business trips. From a New York Times travel trade show in Manhattan to a National Association of Counties annual conference in Los Angeles, the receipts in county records total thousands […]

New homes on higher ground heighten flood concerns

New homes on higher ground heighten flood concerns

Jason Buttke looks up at the new house under construction next door to his on the 1800 block of Sunrise Drive and wonders where any excess stormwater will drain in the event of heavy rain. Like many new residences going up in Holley by the Sea, the lot under the Adams Homes building has been […]

Santa Rosa County is getting more

Santa Rosa County is getting more

All of Santa Rosa County is growing, but south Santa Rosa is experiencing a real boom. We have two new apartment complexes coming on line soon, and down every road a lot is being cleared for one or two homes to be built. It’s a reconstruction surge and great economic recovery following the 2008 Great […]

Fond farewells to Hunter Walker

Fond farewells to Hunter Walker

After attending more than 400 meetings of the Santa Rosa County Commission and working as its chief executive officer since 1995, Hunter Walker was honored at his retirement ceremony last week. The commissioners gave him a plaque, gathered for a group photo, patted him on the back and said fond farewells. Commissioner Bob Cole, who […]

Santa Rosa still on economic recovery trail

Santa Rosa still on economic recovery trail

Santa Rosa County’s bounce back from the Great Recession of 2009 and 2010 isn’t complete, according to its jobless rate. But the way we were as a labor market may not come again. The county’s unemployment rate as of June, 4.9 percent, reflects great improvement over the peak of 10 percent in January 2010. Santa […]