Finance
McAllen school board finance reports show aggressive races
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With the way forward for 4 seats on the poll, McAllen ISD’s Might 6 faculty board election is proving to be a dear affair each when it comes to political and monetary capital.
Management is at stake, and alter is inevitable: newcomer Lucia Regalado runs unopposed as the potential winner for Place 2, whereas fellow newcomers Rojelio Aleman II and Aaron Daniel Rivera are preventing for the board’s undefended Place 5 seat.
Extra important management change can also be doable. Tony Forina and Marco Suarez — the Place 4 and 1 incumbents — are going through challengers Erica De La Garza-Lopez and Lizzie Kittleman, respectively.
Marketing campaign finance stories for these candidates for his or her first reporting interval — January to late March or early April for many of them — present they’ve cumulatively raised over $100,000 in financial contributions, in-kind contributions and loans.
The stories additionally present a number of of these candidates spending closely and waging pretty aggressive campaigns.
For perspective, throughout the identical reporting interval within the 2021 election with 5 candidates working, hopefuls had racked up lower than $30,000 in funds, about half of which one candidate largely self-loaned herself in a failed bid.
This yr’s marketing campaign finance stories paint an advanced image, with various methods and no scarcity of notable contributors.
PLACE 1
The race for Place 1 is proving to be probably the most lively when it comes to contributions and spending.
Suarez — probably the most profitable at getting contributions out of any of the seven candidates — had to this point each outraised and outspent Kittleman, though she too had constructed up a tidy warchest she spent closely from.
There’s no scarcity of notable names on the record of contributions — which totaled $29,150 for Suarez and $18,145.15 for Kittleman.
Kittleman’s contributions tended to return from McAllen enterprise individuals. Suarez had his share of that demographic as properly, though Edinburg and Mission addresses pop up extra in his report, together with names which are extra recognizable on the county’s political scene.
Suarez’s largest donors had been D&F Industries Vice President Trenton Hausenfluck, who gave $2,000, and County Commissioner Eduardo Cantu, who cumulatively gave $2,000, personally and thru his growth firm. He additionally obtained an in-kind occasion donation valued at $2,000 from Cynthia Gutierrez, Savannah Gonzalez and Lucia Thompson, the final of whom launched a failed bid for metropolis commissioner in 2021.
Suarez obtained $1,500 from native developer Shavi Mahtani and one other $1,500 from Gilbert Enriquez of Edinburg.
Thousand-dollar contributors included the Edinburg’s Hernandez Legislation Agency, the Lopez Household Clinic of Edinburg, Adolfo Martinez of McAllen, Gabriel Kamel Hajj of McAllen and Nereida Lopez of Edinburg.
Mission businessman Eddy Betancourt, who this month obtained a state appointment from the governor, additionally gave $1,000.
Lastly, Suarez took $1,000 from hotelier Sunil B. Wadhwani, who in Might 2020 pleaded responsible to paying bribes to Weslaco public officers in change for securing an financial incentive to construct a Motel 6.
Lobbyist Rene Ramirez, former mayoral candidate Michael Falleck, the Halff Associates-State PAC, former Hidalgo County Democratic Get together Chairwoman Dolly Elizondo are listed amongst many lesser contributors.
Suarez spent his cash closely and diversely. On the entire, board candidates tended to lean towards signage and occasions as major avenues of campaigning. Suarez purchased indicators too, but in addition opted for print promoting, and tended to spice his occasions up with additional facilities: mariachis, a photograph sales space, a musician.
Suarez paid Selina Hayes greater than $2,000 in consulting charges; Abel Prado additionally obtained consulting charges.
Kittleman’s largest backer proved to be the Rhodes household of Rhodes Enterprises. Vice President of Growth Mike Rhodes contributed $1,000 whereas CEO Nick Rhodes gave $2,000.
She obtained $2,000 from McAllen legal professional Charles W. Kittleman; McAllen Metropolis Commissioner Tony Aguirre proved to be one other supporter, kicking in $1,500.
Thousand-dollar contributors included Meg and Chris Larson of Rio Recent, Carlos and Cynthia Garza of El Tigre and McAllen dentist Lauro Tijerina.
A protracted record of much less luxurious contributions got here from McAllen legal professional John Ball, DHR Well being President Susan Turley, Rio Financial institution President Ford Sasser, Ben Smith of Higgenbotham and Thomas Davidson of Vantage Financial institution.
Kittleman additionally obtained a $2,000 mortgage from her husband.
Spending the lion’s share of her cash on signage, shirts and stickers, she paid $350 to Belen Guerrero-Aguirre and $2,000 to Amanda Salas, each listed as marketing campaign managers. Meals and drinks for Kittleman’s sole occasion value lower than $100.
PLACE 4
The race for Place 4, in distinction, has confirmed to be extra modest.
Forina has raised and spent lower than both of the Place 1 candidates, whereas De La Garza-Lopez is working a decrease profile marketing campaign that’s nearly completely self-funded.
Forina had obtained $9,813.51 in contributions.
Forina’s largest backers, donating $2,500 apiece, had been McAllen regulation agency Tijerina and Denzer and Jeremy and Martha Smith, recognized from Matt’s Constructing Supplies.
April Lopez, a McAllen physician, kicked within the second highest quantity at $1,000.
Smaller contributions got here from native restaurateur Albert Rego, former McAllen Mayor Jim Darling, Edinburg Financial Growth Government Director Raudel Garza and McAllen Chamber of Commerce board member Carlos Melguizo.
Forina spent his cash totally on indicators and on contract labor for indicators, adopted by marketing campaign kickoff expenditures.
He additionally owed $6,257 in authorized charges to the Legislation Workplace of Gilberto Hinojosa.
De La Garza-Lopez, then again, was funded largely by means of $3,324.75 she loaned herself.
She spent that cash, primarily, on indicators.
De La Garza-Lopez did settle for one in-kind donation valued at $200: tickets to a dinner donated by present McAllen ISD Trustee Debbie Crane-Aliseda and her husband.
PLACE 5
When it comes to spending and fundraising, Rivera proved to be by far probably the most aggressive candidate working for a seat on the board.
He additionally dwarfed Aleman when it comes to cash, who was probably the most modest candidate of the race financially.
Through the reporting interval Rivera had collected a struggle chest of over $40,000: $17,400 in financial contributions augmented by a $25,000 self-loan.
Rivera’s largest donor was 3BU Household Restricted Partnership of Alamo, which gave $2,500, adopted by D&F Industries Vice President Trenton Hausenfluck, who gave one other $2,500.
In style delinquent authorities debt attorneys Linebarger Goggan Blair & Sampson and Jonathan Sakulenzki each kicked in $1,500, respectively.
Donors who gave $1,000 included Lauro Tijerina Jr. of Edinburg, the Beto Salinas Ranch in Mission, Ruben J. De Jesus of Edinburg and the Mission Motel 6, together with regulation agency Perdue Brandon Fielder Collins & Mott.
Rivera spent just a little over $24,000 in the course of the reporting interval, largely on indicators, occasions and marketing campaign conferences.
He additionally spent $2,500 to rent Martha Hinojosa as his marketing campaign supervisor and over $4,000 on graphics and social media.
Aleman’s sole financial contribution of $100 got here from Pamela Zamora of Mission. He additionally obtained enterprise playing cards from Gina Cruz price about $100 and 25 marketing campaign yard indicators from McAllen Metropolis Commissioner J.J. Zamora price $227.
Augmenting his marketing campaign purse with about $200 of private cash, Aleman purchased automotive magnets and polo shirts.
PLACE 2
Maybe not surprisingly, Lucia Regalado obtained most of her contributions for the interval earlier than the Feb. 17 candidate submitting deadline, when she discovered she would run unopposed.
Regalado raised some $7,398, her largest financial contributor being Edinburg legal professional Lucia Caesar at $1,000.
An legal professional herself, Regalado obtained a great deal of her help from different native attorneys, together with Jaime Pena, Austin Stevenson, Aissa Garza, Mauricio Martinez, Tania Ramirez, Savannah Gonzalez and Uri Heller.
McAllen Metropolis Commissioner Tony Aguirre additionally kicked in a $300 contribution to the marketing campaign, whereas Regalado obtained an over $1,000 in-kind donation from Carlos Jaime Trevino for shirt embroidery.
Regalado spent most of her cash on signage, occasion and assembly bills. She additionally paid Amanda Elise Salas as a marketing campaign guide.
The marketing campaign recorded nearly $27,000 in excellent loans.
Finance
Cleveland’s finance chief Ahmed Abonamah resigns, without explanation from City Hall
CLEVELAND, Ohio — Cleveland Mayor Justin Bibb’s finance chief, Ahmed Abonamah, has tendered his resignation, effective July 19.
The city announced the move in a Friday news release but offered no reason for Abonamah’s seemingly abrupt resignation. Cleveland.com has reached out to Abonamah and Bibb’s communications staff for comment.
Finance
Euroclear appoints Cornock as Senior Business Development Manager
Stuart Cornock has joined Euroclear’s London office as a senior manager of the Financing and Collateral Business Development department.
In his new role, Cornock will provide sales and relationship management services for collateral-related solutions.
Having worked in London and Singapore, Cornock brings more than 20 years of experience in the securities finance industry, including stock loan trading, sales and relationship management, and regulatory reporting.
Cornock joins Euroclear from Pirum, where he served as director of origination for nearly a year.
Before that, he spent another year as director of market intelligence at S&P Global and more than four years as director at IHS Markit.
He began his journey in finance as a new issues clerk at Clerstream in 2000, where he later became GSF product manager, followed by GSF sales, and finally sales and relationship manager.
Commenting on his new position at Euroclear, Cornock says: “I’m very much looking forward to working with existing and new clients as we grow the footprint of the suite of financing and collateral products.”
Finance
Harriette Cole: I’m in finance, and I want to be an artist. At 36, am I too old?
DEAR HARRIETTE: Is it wise to explore a new field of work at age 36?
Growing up, I was always passionate about art and creativity. As a child, I spent hours sketching and painting, finding solace in the colors and forms that flowed from my imagination.
However, life took me on a different path, and I pursued a career in finance, which has provided stability but has left me feeling unfulfilled creatively.
I am unmarried and single; now in my mid-30s, I find myself yearning to reconnect with my artistic side and explore opportunities in a creative field.
What are your thoughts on someone planning to explore a new career field at this stage of life? I’m eager to pursue my passion and find fulfillment in my work again.
— Seeking Artistic Fulfillment
DEAR SEEKING ARTISTIC FULFILLMENT: You are young. There is no reason why you cannot make a career pivot now.
Take the time to do this strategically. Save as much money as you can in your finance job so that you create a cushion for yourself.
Sign up for art classes to hone your skills. Look into careers that value your artistic abilities so that when you do leave your job, you can find something fulfilling that also earns a living. Look at the advertising industry, graphic design, publishing and other such fields to see what opportunities are available that match your creativity.
DEAR HARRIETTE: I’ve been in a committed relationship for over seven years, but recently, my partner’s attitude toward my disability has shifted.
As someone who uses a wheelchair due to a spinal injury, I’ve always appreciated my partner’s support.
However, lately, they’ve started making decisions for me without consulting me, assuming I can’t handle certain tasks independently. For instance, they’ll rearrange plans, assuming venues aren’t wheelchair accessible, or speak for me in conversations about my needs. These actions make me feel sidelined and undermine my independence.
I want us to be equals in our relationship, but I’m hesitant to address this with my partner because they tend to overthink and might misunderstand my intentions.
What approach should I use to communicate my feelings to my partner without being misunderstood?
— Wanting Autonomy Back
DEAR WANTING AUTONOMY BACK: It is time for a heart-to-heart chat with your partner.
Gently express your observation that they have been making decisions for you due to your disability. While you appreciate their thoughtfulness, you do not want to lose your agency to make decisions on your own.
Thank them for loving you and thinking about you, and ask that they give you the chance to weigh in with your thoughts about whatever the situation may be. Explain that for your well-being, it is important for you to feel as independent as possible, so you want to participate in the decision-making regarding your needs.
To be sensitive to your partner’s feelings, you can state that you know they are taking extra efforts to be sure that you will be comfortable in any given situation, and you appreciate that. Still, it is important that you be allowed to speak for yourself and make your own decisions.
Harriette Cole is a lifestylist and founder of DREAMLEAPERS, an initiative to help people access and activate their dreams. You can send questions to askharriette@harriettecole.com or c/o Andrews McMeel Syndication, 1130 Walnut St., Kansas City, MO 64106.
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