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  • Belfair Sewer System – 20 Year Payoff Plan

    Neatherlin RandyCommission Neatherlin proposes a solution to pay off the notorious Belfair Sewer System, a system estimated to go broke by 2017 under the current financing assumptions. At Tuesday's briefing session, Commissioner Neatherlin with the aid of Budget Director Frank Pinter presented a recommended solution utilizing REET 1 & 2 Funds,… Read More +

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  • Inslee Proposes Cap On Carbon Pollution

    insleeJan14sosWashington Gov. Jay Inslee has proposed a cap-and-trade program that would require industrial polluters to pay for every ton of carbon they release. The Democrat outlined the program on Wednesday as part of a broader package to help the state reduce greenhouse gas emissions. Inslee says the plan would raise nearly $1… Read More +

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  • Mariners Acquire Justin Ruggiano

    RuggianoRHP Matt Brazis sent to Cubs in trade. RHP Logan Bawcom designated for assignment.SEATTLE, Wash. – Seattle Mariners Executive Vice President & General Manager of Baseball Operations Jack Zduriencik announced today the club has acquired outfielder Justin Ruggiano from the Chicago Cubs in exchange for minor league relief pitcher Matt Brazis. Ruggiano, 32, played 81 games with the Chicago Cubs last season,

    Read More
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Pending Home Sales Drop 5.6 Percent in September

b_250_0_16777215_00_images_obgrabber_2013-10_9cd9d4c028.jpgFuse/Thinkstock (NEW YORK) -- The number of Americans who signed contracts to buy homes dropped sharply in September, reflecting higher mortgage rates and home prices that have made purchases more costly. The National Association of Realtors says its seasonally adjusted pending home sales index fell 5.6 percent to 101.6, the lowest level in nine months. The decline pushed the index below its year-ago level, the first time that's happened in nearly two and a half years.

There is generally a one- to two-month lag between a signed contract and a completed sale. The drop suggests final sales will decline in the coming months.

Mortgage rates reached a two-year high in August and remained elevated in September. But they have fallen in the past month, which could help boost contract signings in October.

Copyright 2013 ABC News Radio

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