Ranson Financial, Author at Ranson Financial Group LLC

Kansas Rural Opportunity Zone Program

Economic development in rural Kansas could soon be getting an upgrade. House Bill 2431 is being reviewed by the Kansas House of Representatives. If passed this would add more benefits to the rural opportunity zone program. The program was launched back in 2011 and was designed to incentivize people to move to more rural areas in Kansas. … Right now the program offers up to $15,000 in student loan assistance and tax waivers. If passed, this would also include assistance in making down payments.
Source: KSNF/KODE

Ranson Financial2021-03-19T09:49:24-05:00March 19, 2021|News|

10-year Treasury yield surges to 14-month high of 1.74%, 30-year rate tops 2.5%

The 10-year U.S. Treasury yield hit 1.74% on Thursday morning, despite reassurance from the Federal Reserve that it had no plans to hike interest rates anytime soon, nor taper its bond-buying program. The yield on the benchmark 10-year Treasury note had trimmed some gains to 1.722% by 5:15 a.m. ET. The yield on the 30-year Treasury bond was at 2.483%. Yields move inversely to prices. After the Fed’s two-day policy meeting concluded on Wednesday, the central bank said it sees stronger economic growth than previously estimated, forecasting gross domestic product to rise to 6.5% in 2021. This is up from the 4.2% GDP increase forecast in December. The Fed also expected core inflation to hit 2.2% this year, but a long-run expectation of it sticking around 2%.
Source: CNBC – Bonds

Ranson Financial2021-03-19T08:31:25-05:00March 18, 2021|News|

Kansas schools to receive $1 billion for COVID relief

With passage of the $1.9 trillion coronavirus relief plan, Kansas public schools should receive approximately $1 billion to address COVID-19 related expenses, such as learning loss, according to a news release from the Kansas Association of School Boards. The new bill — called the American Rescue Act — nearly $123 billion to K-12 schools. President Joe Biden is scheduled to sign it into law last Friday. Kansas’ share of the legislation will be about $600 million. Combined with early coronavirus packages, Kansas will receive about $1 billion in federal assistance under the Elementary and Secondary School Emergency Relief fund (ESSR).
Source: Holton Recorder

Ranson Financial2021-03-19T08:32:16-05:00March 18, 2021|News|

State pumps in $300k to Moundridge company to expand internet access

A Moundridge company is getting $312,819 from the state of Kansas to expand broadband services. The state awarded Moundridge Communications Network a matching 50/50 grant to expand fiber internet service to the community of Elyria and a rural area near Hesston. The $625,000 project will provide internet service with up to one-gigabit download speeds to “108 households, 10 businesses, 11 community anchors and one educational institution,” according to the state release. In the rural Hesston area, the company will build out north of Dutch Ave. and east of I-135. “The areas around Hesston have Century Link and they have basically abandoned their customers,” Sommer Smith, Vice President of Moundridge Telephone Co., stated. “We get calls from people regularly asking if we can just come one mile and get them service.”
Source: McPherson Weekly News » Feed

Ranson Financial2021-03-19T08:32:40-05:00March 18, 2021|News|

Kansas casinos push for control over legalized sports wagering

Kansas casino managers are pushing House legislators to pass a Senate-backed bill legalizing and regulating online and casino sports gambling. Since a 2018 U.S. Supreme Court Ruling affirmed state’s rights to institute sports gambling, half the country has enacted some regulatory practice. Kansas lawmakers are now considering joining the 25 states and Washington, D.C., in the world of sports gambling under the Kansas Expanded Lottery Act, or KELA.
Source: Kansas Reflector

Ranson Financial2021-03-19T08:56:29-05:00March 18, 2021|News|

Some Johnson County residents are going to rural Kansas to get vaccinated — here’s why

Sue Wildgen, a Prairie Village resident in her 70s, began looking for COVID-19 vaccination appointments in early February. Several of her friends on the other side of the state line in Missouri received their first doses in early January, and despite filling out Johnson County’s COVID-19 vaccine interest survey and searching for appointments in the metro, Wildgen said her search for weeks was unsuccessful. Then, she heard that Walmart would begin offering vaccines at select locations, and she began looking for appointments across Kansas. So, like some other frustrated Johnson Countians, Wildgen, her husband Paul and fellow Prairie Village residents Beth and Lloyd Koelker, took to the road. The foursome made a two hour drive to Junction City in Geary County, just west of Manhattan, to get vaccinated.
Source: Prairie Village Post

Ranson Financial2021-03-19T08:56:39-05:00March 18, 2021|News|

New station moves closer for Hillsboro

A new ambulance station at Hillsboro is closer to being built. County commissioners Monday heard from emergency medical services director Travis Parmley and Hillsboro city administrator Matt Stiles that Hillsboro has done a site survey of the proposed new EMS building in Hillsboro. The station is to be located near Hillsboro’s police department and also near a planned new fire station.
Source: Marion County RECORD

Ranson Financial2021-03-19T08:31:42-05:00March 18, 2021|News|

Garden City ends face covering ordinance

The Garden City Commission voted to not extend the citywide, face-covering ordinance at its regular meeting Tuesday. The commission voted 4-1 to end the ordinance, with Commissioner Deb Oyler dissenting. The ordinance was put into effect to help combat the spread of COVID-19 in the community and has been in effect since the Nov. 17 regular Commission meeting.
Source: Garden City Telegram.

Ranson Financial2021-03-18T07:41:33-05:00March 18, 2021|News|

Municipal Bond Trends for March 17, 2021

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.

Ranson Financial2021-03-18T07:38:12-05:00March 18, 2021|News|

Johnson County Chairman Ed Eilert joins other metro leaders in marking one year of COVID-19

Board of County Commissioners Chairman Ed Eilert remembered the 638 Johnson Countians who have died from COVID-19 since March 2020. On Tuesday, Eilert joined three other metro leaders — Kansas City, Mo., Mayor Quinton Lucas, Jackson County Executive Frank White and United Government of Wyandotte County and Kansas City, Kan., Mayor David Alvey — at Union Station to mark the one-year anniversary since the four jurisdictions implemented a region-wide shutdown to control the spread of COVID-19. The four leaders were the first to write notes on a commemorative flower wall that will remain at Union Station for the public to interact with in coming weeks.
Source: Prairie Village Post

Ranson Financial2021-03-18T07:13:00-05:00March 17, 2021|News|

About Ranson Financial

Kansas Rural Opportunity Zone Program

10-year Treasury yield surges to 14-month high of 1.74%, 30-year rate tops 2.5%

Kansas schools to receive $1 billion for COVID relief

State pumps in $300k to Moundridge company to expand internet access

Kansas casinos push for control over legalized sports wagering

Some Johnson County residents are going to rural Kansas to get vaccinated — here’s why

New station moves closer for Hillsboro

Garden City ends face covering ordinance

Municipal Bond Trends for March 17, 2021

Johnson County Chairman Ed Eilert joins other metro leaders in marking one year of COVID-19

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