Sunday Afternoon and Evening ... Scattered intense thunderstorms are expected, some severe. Large hail, high winds and the potential for isolated tornadoes will be the main threats. Locally heavy is rain also possible with these storms.
GRAYSON COUNTY, TX -- With the fiscal cliff averted, what does it really mean for the average person?
Nicolette Schleisman went out and talked with a local financial advisor on how the deal may affect you.
The Income Tax portion of the Fiscal Deal that was approved Tuesday night only affects about 2% of America, but the payroll tax cut that was not renewed effects everyone.
It means over 6% of your paycheck will be taken out for the Social Security Tax, instead of just over 4%.
For people earning $30,000 a year, $600 more will come out of your pocket in 2013. A portion of which may start with your next paycheck.
"The Payroll tax holiday was always going to be temporary cause that's social security and its you're gonna have to pay it. I mean I don't like it," said Jonathan Jackson.
Another change is to the Alternative Minimum Tax which has been adjusted for inflation. So that many middle and upper income households will not have to pay the AMT.
Edward Jones Financial Advisor, Linda Rea, says she supports the AMT change.
"That will be a little less money that will go into the economy. A little less money that's going to be spent throughout the year, but the effects should be great for the average tax payer," said Rea.
Rea says there are ways for you to adjust to these tax changes. And it's important to establish and maintain a solid, diversified investment portfolio.
"It's important to look to the future. Look to the long term because there's always going to be another crisis coming up," said Rea.
Once the President signs the law, the changes will go into effect immediately.
Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More
Posted: 05/07/13 - DURANT, Okla. – Regent Terry Matlock will deliver remarks at Southeastern Oklahoma State University’s Spring Commencement, scheduled for Saturday, May 11, at Paul Laird Field. The ceremony (for all schools) will begin at 10 a.m. A reception will follow at 11:30 a.m. in the Visual & Performing Arts Center. Read More
Posted: 05/06/13 - SHERMAN, TEXAS—Members of the Austin College Class of 2013 are counting down the days until graduation—with both excitement and trepidation. Austin College President Marjorie Hass will present diplomas to more than 340 bachelor’s degree candidates and 18 Master of Arts in Teaching degree candidates who will take part in graduation events May 18 and 19 on campus. Read More
