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A major expansion of Mount Dora’s Northeast Community Redevelopment Area will generate millions of dollars in new tax revenue, but city and county officials can’t agree on how to divvy it up.

Mount Dora’s City Council and Lake County Commissioners have been meeting since March to debate methods for splitting CRA increment revenue, and now they’ve pushed the decision into February, according to a report in GrowthSpotter.

For years, the city and county have been sharing the revenue, with the city receiving 60% of the funds and 40% going to the county. During a joint workshop in Tavares last Tuesday, county commissioners asked for an even 50:50 split. If they can’t agree on the distribution, the matter could end up in court.

Created in 1989, the Northeast CRA generally includes the area south of Limit Avenue, north of 11th Avenue, east of Baker Street, and west of U.S. Highway 441. It was originally set to expire in 30 years, but the city has since extended the district to 2049.

The state’s Community Redevelopment Act allows cities to keep up to 95% of tax revenues generated by new development in the district, but they must spend the money for improvements within the district. Mount Dora CRA Administrator Adam Sumner said he expects the funds to end by 2045, given threats from state lawmakers eager to axe the special district. Under the current allocation, Sumner estimates the county would receive $5.9 million over the next 20 years, with $7.5 million going to the city. read more

By JOHN LEICESTER

Two NATO-nation intelligence services suspect Russia is developing a new anti-satellite weapon to target Elon Musk’s Starlink constellation with destructive orbiting clouds of shrapnel, with the aim of reining in Western space superiority that has helped Ukraine on the battlefield.

Intelligence findings seen by The Associated Press say the so-called “zone-effect” weapon would seek to flood Starlink orbits with hundreds of thousands of high-density pellets, potentially disabling multiple satellites at once but also risking catastrophic collateral damage to other orbiting systems.

Analysts who haven’t seen the findings say they doubt such a weapon could work without causing uncontrollable chaos in space for companies and countries, including Russia and its ally China, that rely on thousands of orbiting satellites for communications, defense and other vital needs.

Such repercussions, including risks to its own space systems, could steer Moscow away from deploying or using such a weapon, analysts said. read more

CHRISTINE BENZ of Morningstar

It might surprise people that my husband and I pay a financial planner, given that I spend a lot of time on financial, tax, and investment planning at work. However, hiring a planner has delivered a return that can’t be quantified: peace of mind.

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  Commentary: Who can afford Trump’s economy? Americans are feeling Grinchy

Here are some key reasons we pay for financial advice.

1) We wanted a second opinion on a few important decisions.

I wanted a different perspective on less-familiar subjects, such as handling employer stock, and whether we needed long-term care insurance. We could have confronted both issues on our own, but having professional guidance helped us move forward more confidently. read more

By Bernard J. Wolfson, KFF Health News

As Congress debates whether to extend the temporary federal subsidies that have helped millions of Americans buy health coverage, a crucial underlying reality is sometimes overlooked: Those subsidies are merely a band-aid covering the often unaffordable cost of health care.

California, Massachusetts, Connecticut, and five other states have set caps on health care spending in a bid to rein in the intense financial pressure felt by many families, individuals, and employers who every year face increases in premiums, deductibles, and other health-related expenses.

Hospitals and other health care providers are citing Republicans’ One Big Beautiful Bill Act, signed by President Donald Trump in July, as one more reason to challenge those limits.

The law is expected to reduce federal Medicaid spending by more than $900 billion over a decade, which mathematically should help the overall health care system meet the caps. But the law is also expected to increase the number of uninsured Americans, mostly Medicaid beneficiaries, by an estimated 10 million people. Health care analysts predict hospitals and other providers will raise prices to cover the double whammy of lost Medicaid revenue and the cost of caring for an influx of newly uninsured patients. read more

By Matt K. Lewis, Los Angeles Times

The holidays have arrived once again. You know, that annual festival of goodwill, compulsory spending and the dawning realization that Santa and Satan are anagrams.

Even in the best of years, Americans stagger through this season feeling financially woozy. This year, however, the picture is bleaker. And a growing number of Americans are feeling Grinchy.

Unemployment is at a four-year high, with Heather Long, chief economist at Navy Federal Credit Union, declaring, “The U.S. economy is in a hiring recession.” And a new PBS News/NPR/Marist poll finds that 70% of Americans say“the cost of living in the area where they live is not very affordable or not affordable at all.”

Is help on the way? Not likely. Affordable Care Act subsidies are expiring, and — despite efforts to force a vote in the House — it’s highly likely that nothing will be done about this before the end of the year. This translates to ballooning health insurance bills for millions of Americans. I will be among those hit with a higher monthly premium, which gives me standing to complain. read more