We have good news and -- maybe some bad news -- for some Angelina County home and land owners. The good news is that the Angelina County Appraisal District says property values are finally going up - instead of down. The bad news is that rising property values also mean higher property taxes.
Lon Morris College in Jacksonville is on life support financially, because it is so deep in debt it can't pay its bills or meet payrolls. The situation is so critical that creditors were preparing to foreclose several buildings on the campus this week.
The Jacksonville Progress reports LMC officials have headed off the foreclosure by filing for federal Chapter 11 Bankruptcy protection.
Lon Morris College in Jacksonville is flat broke and as close to going out of business as a school can be. Years of adding and expanding programs, out of control spending, and borrowing to the hilt to pay for everything have finally caught up with the oldest two-year college in Texas.
The Tyler Morning Telegraph reports that Jacksonville churches, civic groups and individuals are coming forward with donations to help the employees of financially troubled Lon Morris College.
The historic 100 year old Battleship Texas at San Jacinto State Park is fighting a new enemy, and she may not win this battle. She's so rusty her hull is leaking. Worse, fixing this latest leak is like trying to save a dying man with a band-aid. It's sad to contemplate, but this most historic of all 20th century battleships appears to be doomed.
It's about time. Colleges and universities are waking up to the fact that student loans have become a national crisis. So many students and graduates are buried under student loans they can't repay, classroom and online courses in financial literacy are now part of the curriculum on a growing number of college campuses.
