info, Author at Ranson Financial Group LLC

Delaware Township v. City of Lansing

info2022-07-08T13:05:36-05:00July 8th, 2022|

When an interlocal agreement governing the operation and management of a fire district is terminated by one of the parties under the terms of the agreement, and the district's assets are allocated under those terms, the fire district itself is not altered or dissolved as a legal entity. Provisions in such interlocal agreements permitting termination and asset allocation after sufficient notice are not void for violating public policy. Read the full Kansas Supreme Court opinion.

Leawood Police Department Adds Tesla Model Y To Fleet

info2022-07-08T09:39:52-05:00July 8th, 2022|

The latest force to add an EV to its fleet was Leawood Police Department, Kansas. The PD added a Tesla Model Y Long Range to its patrol division. Leawood PD had been exploring the possibility of adding an EV to its lineup for over a year before finally deciding the Model Y was its best option. The primary reason for the decision to go electric was running costs. At current gas prices, a Ford Explorer would cost in excess of $6,000 a year to run. Meanwhile, a Model Y would set the PD back around $700 provided the majority of charging [...]

KC region strategizes on long-term potential of $1.2T infrastructure law

info2022-07-08T08:03:18-05:00July 8th, 2022|

The federal government has offered up $1.2 trillion for infrastructure spending, and entities across the country — including in the Kansas City area — are excited for the potential. The Infrastructure Investment and Jobs Act (IIJA), signed in November, targets critical infrastructure — the types of projects that meaningfully affect people’s everyday lives, spanning transportation, power, water, broadband internet access and more. Kansas and Missouri are slated for more than $12 billion over the next ﬁve years. However, reaping true, long-lasting beneﬁts from those funds will require cooperation across geographic and political boundaries and across the public and private sectors, plus [...]

Municipal Bond Trends for July 7, 2022

info2022-07-08T07:34:49-05:00July 8th, 2022|

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.

Fed officials Waller and Bullard back another big interest rate increase in July

info2022-07-07T22:44:51-05:00July 7th, 2022|

The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little doubt that he believes increases are necessary if the institution is to meet its duties, and the market's expectations, as an inflation fighter. "I'm definitely in support of doing another 75 basis point hike in July, probably 50 in September, and then after that we can debate whether to go back down to 25s," Waller told the National Association for Business [...]

Atchison E-Community Program Renews

info2022-07-07T22:40:42-05:00July 7th, 2022|

Atchison E-Community Program has been offering gap financing loans since 2017. The loans are for small business start-ups, expansions and acquisitions. Businesses like laundromats, coffee shops, wine bars, contractors and hair salons have used this locally controlled, revolving loan fund as gap financing to make their small business ideas work. In the past five years of operation the Atchison E-Community Program has now closed over 30 loans totally nearly $1.5 million in gap financing for local small businesses. Currently, the Atchison E-Community's loan portfolio has no failed loans and no accounts past due. Source: City Government | atchisonglobenow.com

Derby updates employee pay matrix for 2022

info2022-07-08T07:30:11-05:00July 7th, 2022|

Per a move to more routine pay studies, an updated pay matrix was brought before and approved by the Derby City Council at its June 28 meeting. The first pay studies of 2022 – with plans for a second round in the fall – looked at 26 positions and compared employee pay with that of similar positions in 11 different cities and counties based on population, proximity to Derby, etc. The average population of the nine similar cities was 29,358. Source: Derby Informer | News

Sedgwick police chief becomes interim city administrator

info2022-07-08T07:30:31-05:00July 7th, 2022|

For the next six months, Brian Daily will be both Sedgwick’s police chief and its city administrator. The city council voted Wednesday to hire Daily as interim city administrator, effective through Jan. 1, 2023. He will continue with his duties as police chief, a position he’s held since June of 2020. “It’s going to be busy, without a doubt,” he said. “But I think there’s a degree of overlap already between the positions.” He noted that over the past year, he had already been taking on more administrative responsibilities. “It’s going to be a lot to accomplish, but we have a [...]

Bomb threat closes Dodge City Community College campus

info2022-07-07T22:30:12-05:00July 7th, 2022|

On Thursday, Dodge City Community College was closed due to a bomb threat. According to a press release from Dodge City Community College, at 1:04 p.m. they received a call from a person saying there was a bomb in the art room. They say the caller described the bomb, described its location in the back of the classroom and that it would go off in just over an hour. Police, Fire and EMS responded and coordinated with campus security to evacuate the area and sweep the stated location. They did not find anything. It was also learned that the same report [...]

Prairiefire sets date to pay outstanding Overland Park bond interest

info2022-07-08T07:31:20-05:00July 7th, 2022|

An Overland Park mixed-use heading into its development home stretch later this month will settle up on bond interest it has owed, in part, for more than two years. UMB Bank has scheduled July 22 as the date to pay $286,465 in bond interest, on which Prairiefire previously had defaulted, with a special record date set for Monday, according to a June 30 event notice. The bank is trustee for $14 million in community improvement district (CID) revenue bonds issued by Overland Park in 2012 to help finance Prairiefire through sale tax revenues generated at the development. Prairiefire is located between Lamar [...]

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