Cedar Creek Newsletter - April 1, 2020
Join us …..
Virtua Board meeting instructions
- Install Zoom app on your phone
- Tap "Join a meeting"
- Meeting id 620 915 1292
- A preview of you will appear
- Tap "Join with Video"
- In a few seconds the host (that's me) will appear
- To see all that are in the meeting, swipe to the right.
- You can leave the meeting anytime.
- The meeting for Tuesday (4-7-2020) night is scheduled to start at 6:50
Call me if you have questions
COVID-19 Cases in Casss County Update
For the most up-to-date information on Coronavirus Disease (COVID-19), please click here.
Nebraska DHHS COVID-19 Information Line is open 8am-8pm 7 days a week: 402-552-6645
Congressman Jeff Fortenberry
First District of Nebraska
March 27, 2020
Contact: James Crotty, (402) 570-2708
Fort Report Column: Coronavirus––Your Questions and Answers
By Congressman Jeff Fortenberry
The Cares Act just passed Congress to help individuals and families, small businesses, and our health care system overcome this pandemic. Given the rapidly changing dynamic in our country around coronavirus, I put together the following list of answers to frequently asked questions about the new law.
INDIVIDUALS AND FAMILIES
Will I get financial help from the government?
Most Americans will get a check or direct deposit of $1200 per individual, or $2400 per married couple, with an additional $500 per child (for incomes below $75,000 per person or $150,000 per couple).
How soon will I get my money?
Payments will be sent out “as rapidly as possible.” The Treasury Secretary expects the payments to start going out in three weeks.
Do I have to pay income tax on this check?
I am on Social Security. Will I also get this payment in addition to my Social Security?
What about my IRA?
There is a temporary suspension of required minimum distribution rules for older Americans. You can also withdraw funds without penalty for coronavirus-related expenses.
I have lost my job. Now what?
Unemployment benefits have been significantly expanded, including for the self-employed and independent contractors.
When are taxes due?
Tax filing and payment are delayed until July 15.
Do I have other options besides unemployment benefits?
Yes. One option is for your employer to take out a loan to pay your salary and benefits.
How is the help for small business being delivered?
The main program is an SBA-guaranteed loan with deferred interest and payments, plus loan forgiveness for employee retention.
How does the loan forgiveness component work?
This applies to businesses that keep their employees on the payroll from February 15th through the end of June. The portion of the loan covering payroll costs, mortgage interest, rent, and utilities is forgiven for an eight-week period. There is flexibility for those employers who laid off workers and then re-hired them.
I am a business owner. Does loan forgiveness apply to my salary?
Yes, within limits
Who is eligible?
Businesses with fewer than 500 employees and private non-profits – 501(c)(3)s. Health care providers are also eligible, no matter how they are structured.
What is the loan limit?
Loans can be as high as $10 million.
How do I apply for these loans?
Go to your bank or credit union. Your financial institution will primarily run the program, not the government. However, the SBA.gov website has a lot of good information.
Are contractors and sole proprietors included?
Yes. You are eligible for the loan and the forgiveness portion of wages paid to yourself.
How long will the SBA loan review by my bank take?
Due to the unique nature of this situation, the lender can process, close, and service the loan without an SBA review.
I am a farmer. How does an SBA loan help me?
The bill includes a number of small business provisions designed to help farmers stay in business. This includes a provision that allows farmers to work with their trusted farm credit institutions for the purposes of securing payroll tax loans, along with 1-year deferrals, 100% guarantees, and low rates.
I don’t want to take out a loan. Is there any other help I can get?
Yes. Grants of up to $10,000 will be available to cover small-business operating costs. The process will be announced shortly by the SBA.
What is the employee retention tax credit?
Employers can temporarily receive a 50% tax credit on wages up to $10,000 per employee for anyone kept on the payroll. Employers are eligible if their business was closed due to government shutdown or if they suffered a revenue loss of at least 50%.
Are taxes delayed?
Yes. Payroll taxes are delayed until 2021. Tax filing and payment are delayed until July 15.
My credit score is not exactly stellar. Can I still get a loan?
These are exceptional times and making sure you and your business stay afloat should be the most important priority. See your banker ASAP.
My business is doing fine right now, but I am worried about what will happen in the next weeks and months. What should I do?
Go to your financial instituion. Banks and credit unions are the primary portal through which loans will be released. You don’t have to be idle right now. The intention of the legislation is to keep you working.
I have not been in business for a year. Can I still apply for the loan? Can I use it to hire someone?
Can my bank delay my existing loan payments?
If I get coronavirus on the job, are my medical costs covered?
Yes. Your medical care will be covered for coronavirus.
If I become unemployed, what happens to my health insurance benefits?
Existing COBRA insurance rules still apply.
Will the loans my employer uses to keep me employed also cover health insurance costs?
Should I get tested?
Testing is free. Contact your medical provider or state and local health department on if, when, and how to get tested.
Can my doctor treat me over the phone?
Yes. The bill greatly expands the option of using telemedicine for health care treatment.
Please note these answers are intended to provide basic clarity––some aspects of the law have additional requirements. I hope you find this information helpful. If you need anything, my staff and I are here for you.
Congressman Jeff Fortenberry is the Ranking Member of the House Appropriations Subcommittee on Agriculture, Rural Development, and Food and Drug Administration (FDA) and a Member of the House Appropriations Subcommittee on State and Foreign Operations.
New www.CassLocal.com - Simple Numbers
TEXT DIET to 72727 or Click Here
Support Our Neighbors
Click to Read today's SpringfieldNebraska Newsletter
Click to Read today's PlattsmouthNebraska Newsletter
Click to Read today's WeepingWaterNebraska Newsletter
Click to Read today's GreenwoodNebraska Newsletter
Click to Read today's NehawkaNebraska Newsletter
Click to Read today's CedarCreekNebraska Newsletter
Click to Read today's AvocaNebraska Newsletter
Click to Read today's ElmwoodNebraska Newsletter
Click to Read today's MurdockNebraska Newsletter
Click to Read today's LouisvilleNebraska Newsletter
Click to Read today's EagleNebraska Newsletter
Click to Read today's MurrayNebraska Newsletter
Click to Read today's UnadillaNebraska Newsletter
Click to Read today's UnionNebraska Newsletter
Click to Read today's AlvoNebraska Newsletter
Click to Read today's ManleyNebraska Newsletter
Welcome to Village of Cedar Creek, Nebraska
Cedar Creek is an incorporated village. The original town is located on the south side of the Burlington Northern Santa Fe Railroad tracks. In 1969, the entire 5 lake area on the north side of the railroad tracks was incorporated with the original town.
In 1983 the U.S. Census Bureau ranked Cedar Creek as the 3rd richest Nebraska town based on median income figures. In the 2000 census, Cedar Creek was ranked 13th out of 537 Nebraska communities in order of highest income per capita. As of this date, Cedar Creek has the second highest valuation in Cass County at $54,323,267, ( Plattsmouth has the highest valuation) and Cedar Creek has the lowest levy in the county at .1316 with no bonds.
Keno, operated from the Cedar Creek Inn since 2005, has helped pay for several improvements at the 20 acre Village Park and for resurfacing of 9 miles of village streets. In 2009, the village will install a new ‘Welcome to Cedar Creek’ sign. The sign is being purchased with proceeds from the Cedar Creek Cookbook and with Keno funds. The sign, modeled after the Louisville welcome sign, will incorporate into the sign the original school bell, names of the founders, and Cedar Creek Volunteer Fire Department Memorials.
A few photographs of the ‘old Cedar Creek’ are displayed at the Cedar Creek Village Hall, additional pictures can be viewed at the Cass County Museum in Plattsmouth.