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GCCC faces almost $500,000 impact to its 2020-21 budget

Garden City Community College says it is facing a significant fiscal impact due to rising costs in maintaining its liability insurance coverage. The Board of Trustees members met Tuesday. GCCC President Dr. Ryan Ruda told them the school’s annual premium and deductible would be increasing by approximately $494,000 compared to last year. He said GCCC must pay an annual premium of $325,000 and budget for the deductible of $250,000 in the fiscal year ahead. This compares to a 2019-20 premium and deductible of $30,549 and $50,000, respectively, according to the GCCC president.
(Read more: KSN-TV)

2020-06-11T07:57:55-05:00June 10, 2020|News|

Local businesses excited about tribal casino in Park City

In late 2019, J.R. Sartain took over ownership of 81 speedway, right before a global pandemic. … he’s hoping the addition of a tribal casino about a mile east will help business thrive. … Sartain already has plans to partner with the casino. … The city administrator’s office tells us the addition to the community is essential for growth. “So anytime that we can work with developers, bring jobs, bring other opportunities for our citizens, we’re just really excited about that,” says Dana Walden, Park City Assist. City Administrator.
(Read more: KAKE – News)

2020-06-10T08:26:37-05:00June 10, 2020|News|

Wichita gamblers could have two casinos within 20 minutes next year

Wichita gamblers could have two casinos within 20 minutes next year if everything goes as planned for the Wyandotte Nation of Oklahoma. Billy Friend, chief of the Wyandotte Nation, said construction crews could break ground on a casino in Park City by the end of the summer and gamblers could be working the slots by 2021. The new casino would be the anchor of a massive redevelopment of 100-plus acres at the failed Wild West World amusement park near Interstate 135 and East 77th Street North, about 10 miles north of downtown Wichita.
(Read more: Local News |)

2020-06-10T08:17:58-05:00June 10, 2020|News|

Wyandotte Nation expects Park City casino within a year

You could see slot machines as soon as next year in Park City. “In a perfect setting we would like to be breaking ground in the next 90 to 120 days,” said Wyandotte Nation Chief Billy Friend. “And within a year maybe having our first phase open.” This month the Assistant Secretary of Indian Affairs approved 10.2 acres of land into Trust for the Wyandotte Nation in Park City. This allows up to Class 2 gaming on the property as Native American Trust land. The slot machines will be those Class 2 type machines that are bingo games, but look and act like Vegas Style slot machines.
(Read more: KSN-TV)

2020-06-10T08:15:59-05:00June 10, 2020|News|

Treasury yield comeback is real, and the 10-year could hit 1.5% within months, Wells Fargo says

Wells Fargo Securities’ Michael Schumacher sees the Treasury yield rally picking up momentum. With the Federal Reserve policy meeting on interest rates underway, the benchmark 10-year Treasury Note yield is edging closer to striking 1%. “We think in the next month, maybe two on the outside, you’ll see the 10-year top 1% and it should be comfortably above that level by the end of the year,” the firm’s head of macro strategy told CNBC’s “Trading Nation” on Tuesday. Over just the past week, the 10-year yield has surged 21%. On Tuesday, it closed at 0.824%. Due to the improving economic backdrop, Schumacher believes yields have quite a bit more room to go.
(Read more: CNBC – Bonds)

2020-06-10T08:17:26-05:00June 10, 2020|News|

Zoo faces pandemic challenges, including replacing Zoobilee with Zoobilee To Go

The Sedgwick County Zoo, the state’s top attraction, has taken a triple hit from the coronavirus pandemic. “It’s taken a very drastic hit,” said executive director Jeff Ettling. The zoo’s operating budget is down $1.5 million; it had to halt the final phase of its renovation fundraising campaign with $1.7 million still to go; and now it’s canceling its signature fundraiser, the popular Zoobilee event, which raises more than $1 million each September. Yet Ettling is optimistic. Part of it is his nature, he said, and part of it is the way his staff is rallying with ideas. “There’s nothing crazy,” Ettling said he’s told his employees while brainstorming. One result: Zoobilee To Go, a virtual fundraiser instead of the traditional one at the zoo, which usually has more than 3,000 people standing shoulder-to-shoulder while in line for food or dancing at various music stages.
(Read more: Carrie Rengers: Business Columns & Blogs |)

2020-06-10T08:11:47-05:00June 9, 2020|News|

Kansas school funding could see cuts tied to pandemic

Kansas school districts are trying to budget for some pretty big unknowns right now. No one knows if it will even be safe to have students in schools in August, and everyone’s worried about the $650 million hole COVID-19 blew in the state’s budget. Administrators are worried that if the state’s economy doesn’t rebound soon, they’ll have to make deep cuts in the middle of next school year. “There’s not a superintendent that isn’t preparing for something like that,” said Glen Suppes, the superintendent of the Smoky Valley Public Schools in Lindsborg. “We continue to hear optimism from (state education) Commissioner Randy Watson, and that schools are a priority for the governor. But I’m anxious to see how the tax revenues are going to come in.”
(Read more: Atchison Globe Now)

2020-06-10T08:11:57-05:00June 9, 2020|News|

Derby receives funding to help businesses

After an application made following a May 26 city council meeting, the city of Derby recently learned (as of June 2) it will be receiving $132,000 in Community Development Block Grant Coronavirus Response Supplement funds through the Kansas Department of Commerce. CDBG-CV funds were made available at the state level through the Coronavirus Aid, Relief and Economic Security (CARES) Act. Derby was one of 66 Kansas cities and counties to be awarded funding. The funds are intended to help local businesses reopen amidst the coronavirus pandemic. Based on employment members, maximum allotments would be capped at $30,000 or $50,000 for each individual business as long as they meet the necessary criteria – though Deputy City Manager Kiel Mangus said the amounts given out by the city will depend on the volume of requests.
(Read more: DerbyInformer.com – news,news/)

2020-06-10T08:12:12-05:00June 9, 2020|News|

Marion County receives large grant to help local businesses

The Marion County Board of Commissioners met on Monday, June 8. All were in attendance at the courthouse. The meeting opened with the usual updates on COVID-19. Health Department Administrator Diedre Serene stated that there are no new cases which has been the situation for several weeks now. She suggested that for now, the weekly COVID-19 updates be suspended as Marion County seems to have accomplished the goal of flattening the curve and stopping the spread of the virus. Serene asked that everyone remember to be safe and follow the same suggestions she has been giving along the way such as proper handwashing and social distancing. “Please stay home if you are not feeling well,” said Serene.
(Read more: Hillsboro Free Press)

2020-06-10T08:12:23-05:00June 9, 2020|News|
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