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Wheat market soars, topping price highs – Experts explain why

It’s a bull market in grains. Farmers are watching as the wheat market soars above $6 and the one question many are wondering is, how high will it go? Being pulled by strong soybean and corn prices, wheat is not far behind, topping price highs that haven’t been seen in nearly six years according to the Kansas Wheat Commission. All major U.S. wheat classes have been climbing in the markets for weeks. “In the 40 or 45 years that we’ve farmed, I’ve seen this happen like once,” said Vance Ehmke, Lane County Farmer. Poor crop conditions and low acreage has led to a lack of supply but a surge in demand.
Source: KSN-TV

2021-01-15T07:54:31-06:00January 15, 2021|News|

Kansas Senate passes bill removing tax lid; instead, requires notice if exceed “revenue neutral rate”

The Kansas Senate on Thursday passed legislation to require local governments to notify residents by mail and hold public hearings before increasing property tax collections. The tax bill removes a controversial lid on yearly mill levy increases and instead establishes a “revenue neutral rate,” which adjusts the effective tax rate to account for increases in assessed property value. Cities and counties that fail to follow the rules will have to refund taxpayers. Other provisions in the bill, which passed 31-1, ban counties from increasing property values as a result of normal maintenance and give treasurers the authority to offer a payment plan for property taxes.
Source: Kansas Reflector
Legislation: Senate Bill 13 and its Supplemental Note.

2021-01-14T20:49:27-06:00January 14, 2021|News|

Governor Kelly releases proposed state budget

Democratic Governor Laura Kelly has outlined a proposed annual budget that includes a tax increase and two other major initiatives likely to be rejected by the Republican-controlled Kansas Legislature. Kelly on Wednesday outlined a $20.9 billion spending plan for the budget year that begins July 1. Among other things, it would protect a previously promised increase in spending on public schools. But the governor also proposed expanding Medicaid and cutting the state’s annual contribution to pensions for teachers and government workers, and GOP leaders oppose both ideas. Kelly wants to impose the state sales tax on online music and movies purchases, and Republicans criticized the idea last year.
Source: Country 101.3 KFDI

2021-01-15T07:49:41-06:00January 14, 2021|News|

Kansas governor says state almost done with Phase 1 of vaccinations

Gov. Laura Kelly on Thursday said the state of Kansas is almost done with Phase 1 of its vaccination plan, which includes doses for health care workers and people in nursing homes. Kelly made the comments before she toured a mass vaccination clinic in Wyandotte County. The tour came a week after Kelly updated the state’s phases for vaccinations, to make them more simple with Phases 1-5, versus a tiered system using letters and numbers. She also said as Kansas moves into its next phase, which includes vaccinations for people 65 and older, counties are free to keep moving through subsequent phases based on their own needs and supply.
Source: KMBC.com

2021-01-15T07:50:15-06:00January 14, 2021|News|

Merriam wants resident feedback on future of city, including changes to Town Center, downtown

The Merriam 2040 comprehensive plan is approaching final draft form, but there’s still time for residents and other stakeholders to provide input. Since July 2019, the city along with a Midwest-based consulting firm Confluence have been working on a 20-year plan to help guide future infrastructure, development and redevelopment of Merriam. A virtual public meeting on Wednesday provided an overview of the draft and offered the public a chance to provide some feedback on what’s been created so far. Board presentations will be made available at both city hall and the Merriam Community Center, and the boards will be accompanied by notecards for the public to provide feedback.
Source: Shawnee Mission Post

2021-01-15T07:50:58-06:00January 14, 2021|News|

Shawnee council unanimously adopts new city code for homeless shelters

Shawnee’s city code now includes homeless shelters, crisis shelters and emergency disaster shelters. After extensive and lengthy discussions Monday night, the Shawnee City Council unanimously adopted the new regulations that allow shelters in almost any part of the city. Shawnee’s regulations are more lenient than what city staff have seen in other communities, said Stephanie Malmborg, deputy community development director. “We pretty much across the board allow shelters in some capacity anywhere,” Malmborg said. “No other communities that I’ve seen anywhere have that flexibility, at least according to the codes that we researched.”
Source: Shawnee Mission Post

2021-01-15T07:51:17-06:00January 14, 2021|News|

College ramps up for spring

Allen Community College is ramping up for the spring term, poised to navigate the challenges brought about COVID-19. According to vice president Cynthia Jacobson, “we’re doing better than we did to start off last semester” regarding the virus. Currently, there are 10 positive cases on the Iola campus, and 15 in quarantine. The college has been widely testing incoming students, and will continue to do so in order to limit viral spread.
Source: The Iola Register

2021-01-15T07:51:30-06:00January 14, 2021|News|

Garden Plain bond refinancing saves city money after receiving 6 very competitive bids

Yesterday, Garden Plain received competitive bond bids from 6 underwriters. The best bid nearly doubled the savings the city had been anticipating.

Bid 1 Bid 2 Bid 3 Bid 4 Bid 5 Bid 6
1.0216% 1.3270% 0.9555% 1.3331% 0.9553% 1.0541%

Contact the Municipal Bond Advisors at Ranson Financial Group to seek competitive bids on your next bond issue.

2021-01-14T08:05:05-06:00January 14, 2021|News|

Municipal Bonds hold steady

The growing demand for tax-exempt bonds with attractive yields that began in 2020, continues to be a theme into the early part of the new year on the buy side of the municipal market. “The entire story year to date is the continued vibrant demand for bonds with yield,” Tom Doe, president of Municipal Market Analytics, said on Wednesday. “Credit concerns have been pushed aside, presumably because of optimism for a return to normal with vaccine rollout and the support from the Biden relief packages.”
Source: Bond Buyer.

2021-01-14T07:45:54-06:00January 14, 2021|News|
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