Originally published by NTBA (North Tahoe Business Association) Newsletter

Every day is Earth Day in North Lake Tahoe

April 22 marks the 54th Anniversary for Earth Day, a day created to inspire everyone to protect our planet. Earth Day was founded in 1970 and is now observed by over 190 countries and more than one billion people. Today, Earth Day is more important than ever and NTBA encourages you to celebrate globally, locally, and all year long! Here in North Lake Tahoe we are lucky to have some of the most impactful environmental non profit organizations that work hard to protect the Lake Tahoe Basin, promote environmental stewardship and education. Explore ways to celebrate, plus check out some local change makers, and see how you can get involved!

Celebrate Earth Day in North Lake Tahoe >

Photo credit: NTBA

Originally Published in the Tahoe Daily Tribune, 04/17/2024, Written by Brenna O’Boyle

INCLINE VILLAGE, Nev. – As part of Gov. Joe Lombardo and the legislature’s recently approved $16.7 million American Rescue Plan Act, the Boys and Girls Club in Incline Village will receive $500,000 to secure a location for a preschool.

“What we see is the real need is to serve the younger age groups (in Incline Village),” said Mindy Carbajal, CEO of Boys and Girls Club of North Lake Tahoe. “These funds are to support our Nevada community and to really help and support working families.”

The goal is to expand service for infants through 5-year-old children in Incline Village, Carbajal said.

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Photo: Boys and Girls Club North Lake Tahoe

Originally published in the Tahoe Daily Tribune 04/15/2024, Staff Report

CRYSTAL BAY, Nev. – The former Tahoe Biltmore and Casino project in Crystal Bay, Nevada, announced today that it is in the process of restructuring the project financing. The project developers remain committed to the property’s future, and continue to invest in the project.

According to a press release, “the financial restructuring is a necessary step in delivering a successful project on the iconic Tahoe Biltmore site.” 

The financial plan was originally split into multiple phases.

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Originally Published in the Tahoe Daily Tribune 04/11/2024, Written by Brenna O’Boyle

INCLINE VILLAGE, Nev. – Christine Hull was part of the Washoe County School District Zoning Advisory Committee presenting to the school district trustees when she realized there wasn’t an educator’s voice on the board. That’s when Hull knew she wanted to run for a trustee seat for District A.

“That was a moment for me,” Hull said. “It was about me wanting to be a choice for teachers and students, and having had that experience.”

Hull explained the purpose of the school board is to have community input.

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Photo: Tahoe Daily tribune

Submitted and Written by David Vomund, Investment Advisor

One of the most common (and safest) predictions analysts make is that the market will be volatile.  A Google search shows how popular that prediction was heading into this year.  But those analysts couldn’t have been more wrong.  The S&P 500 rose 10 percent in the first quarter without even a two percent pullback.  In fact, the market went five months without a two percent pullback!  In the last 30 years that has only happened three times (1995, 2006, and 2017).

History says the rally isn’t over.  Since 1950, when the S&P 500 gained 8 percent or more in the first quarter it had an average gain of 9.7 percent over the next three quarters.  I’ll take that.  

Investors of all stripes (including me) bemoaned the narrow nature of the market advance in 2023.  It was focused on seven big-cap stocks called the Magnificent Seven.  That ended.  More stocks participated in the first quarter advance (the average S&P 500 stock gained 7 percent) and a few of the Magnificent Seven weren’t so magnificent. Tesla became the worst performing S&P 500 stock in the first quarter and Apple lost 11 percent.  While growth outperformed value in the first quarter, that gap is narrowing.  Over the last month large and mid-cap value indexes have performed better than the tech-heavy Nasdaq 100.  

On the income side, economists still expect a cut in June.  If true money-market funds will continue to yield more than five percent.  That’s okay, but investors happy to earn five percent are taking duration risk, which is why I still recommend nailing down yields on bonds that mature further out.  Others must agree as the bonds and preferreds in our portfolios have rallied even though the 10-year U.S. Treasury yield has moved from 3.86 percent to 4.4 percent this year.  

Bottom line:   Allow for volatile days as the market is buffeted primarily by the changing outlook for inflation, interest rates, and the war in the Middle East.  And expect surprises, both positive and negative.  My base case is for modest earnings growth and declining interest rates with inflation staying down in the 2.5 to 3.0 percent range.  That will be above the Fed’s 2 percent target, which it will raise to 2.5 percent or higher and say that’s close enough. What I have described is a favorable environment for stocks in a bull market.  And that is what we will have.

David Vomund is an Incline Village-based Independent Investment Advisor.  Information is found at www.VomundInvestments.com or by calling 775-832-8555.  Clients hold the positions mentioned in this article.  Past performance does not guarantee future results.  Consult your financial advisor before purchasing any security.

Submitted by Tia Rancourt, North Lake Tahoe Fire Protection District

JOIN NEVADA DONOR NETWORK’S SILVER STATE HEROES CHALLENGE

It is National Donate Life Month, and we are honored to support Nevada Donor Network’s mission to save and heal lives through donation by participating in the 2024 Silver State Heroes Challenge along with first responder agencies across the state. 

More than 100,000 people nationwide are waiting for a lifesaving organ transplant, including nearly 700 Nevadans. Will you help us bring hope to these 700 Nevadans who are waiting for their second chance through organ donation? Not registered? 

Register here: www.nvdonor.org/nltfd.

Together, we have the power to save and heal lives.

Submitted by Tia Rancourt, North Lake Tahoe Fire Protection District

With the change of seasons officially here, it is a good reminder to start thinking about outdoor springtime clean up (that is of course between snowstorms and shoveling your fire hydrant!). During this transitional season change we can anticipate getting ready for fire season and creating our defensible space. This also includes making sure you have a preparedness kit or go bag ready, and for Washoe County residents, that you are signed up for CodeRED Emergency Alert notifications. 

Embrace Village-wide Fire Safety! Secure a Free Defensible Space Inspection Today!

Join hands with the Fire Department to safeguard our community against wildfires. Sign up for your complimentary Defensible Space Inspection, complete with a comprehensive report and photographs. Let’s work together to enhance our understanding of wildfire prevention. Schedule your inspection here. Also, for our free chipping service, please visit here. Please note that both Defensible Space Inspection and Chipping requests for the 2024 season will start May 6, 2024.

In the event of an evacuation, Washoe County Emergency Management has prepared an evacuation video to help understand more about what to expect in an evacuation and how you can be prepared. For example, do you have a Family Emergency Preparedness Plan? 

As the snow is melting, we are also seeing some bear activity in our neighborhoods as they begin to wake up and roam our neighborhoods. Please make sure to keep car doors locked and do not leave food items inside the car. Also consider installing a bear shed (garbage can enclosure) if you do not already have one. Visithttps://www.yourtahoeplace.com/public-works/waste-not/bear-wildlife-awareness for more information.

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