By Erica Thomas, managing editor
TRUSSVILLE The Trussville City Council met for a joint workshop and regular meeting on Tuesday, March 9, 2021. During the meeting, a new school board member was appointed, the city approved improvements on Highway 11, and several other measures were approved.
BOE MEMBER APPOINTMENT
As part of the consent agenda, the council approved to appoint Sherrye Tolbert to the City Board of Education. Tolbert will replace Stan Garrett, whose term expires in May 2021.
The appointment came after a new selection process led by Councilor Lisa Bright. A five-member committee, which consists of two city council members (Bright and Alan Taylor), Mayor Buddy Choat, City HR Director Mandy Dixon, and BOE President Kathy Brown, reviewed applications. The committee selected the top two candidates and shared information with council members. Council members then gave their preference to the mayor and the candidate with the most preferences, Tolbert, was put on the agen
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The Reserve Bank shows $2.6 billion worth of loans remain deferred.
Photo: 123rf
Data from the central credit reporting agency Centrix shows there are now 15,000 mortgages in arrears, up 2000 from September.
When the pandemic first struck concessions were made to allow retail banks to defer mortgage payments for customers in hardship, although interest still accrued on the balance.
Of those who took up the deferral option, 80 percent had come off, however Reserve Bank data showed $2.6 billion worth of loans remained deferred.
Centrix chief executive Keith McLaughlin said those customers were likely the ones doing it tough. From our perspective, the concern leading into March is what s going to happen to the other 20 percent deferred mortgages because that s probably the most hard-hit consumers out there that are still on the scheme.