News

Municipal Bond Trends for December 9, 2024

2024-12-10T09:58:23-06:00December 10th, 2024|

The interest rate table above illustrates recent changes in a sample of AA rated bond trades reported to the Municipal Securities Rulemaking Board’s EMMA® system. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

Wichita City Hall spent $3.4 million on police retention bonuses. Did they work?

2024-12-10T09:22:30-06:00December 10th, 2024|

At least 48 Wichita Police Department employees who received $5,000 retention bonuses last December left their jobs within a year, The Wichita Eagle has found. And they get to keep the money. The Wichita City Council reopened the city’s negotiations with the Fraternal Order of Police last year to approve $3.4 million in unplanned spending for the bonuses in an effort to encourage officers to stay with the department in the wake of a mayoral election where police staffing was the dominant topic. Source: Local News | Wichita Eagle

Lawrence City Commission to consider plan for separated bike lanes on section of Mass Street

2024-12-10T09:20:27-06:00December 10th, 2024|

Lawrence city staff members are recommending a design for the stretch of Massachusetts Street between 14th and 19th streets that includes 3-foot curbs to separate bike lanes from vehicle traffic. Community members asked the Lawrence City Commission in April to push for the stretch of road, which was already set for a redesign, to include protected bike lanes. City staff members looked at street designs with protected bike lanes in several cities to help evaluate options. The proposed design would include one lane of vehicle traffic in each direction, a center lane for turns, and 5-foot-wide bike lanes separated from the [...]

Cyber attack on plant detailed

2024-12-10T09:18:39-06:00December 10th, 2024|

The FBI and Homeland Security have completed their investigation of the cyberattack against the Arkansas City water treatment plant that occurred in late September. City Manager Randy Frazer gave a report of those findings to the city commission last week. He said that a detailed analysis by Homeland Security’s Cyber Security and Infrastructure Security Agency (CISA) confirmed that no data had been acquired during the attack. He said according to the report, files were accessed but no staging or transfer of data took place. “There was no personal information compromised,” he said. “None of the citizens information of the employee’s information, [...]

Commerce Launches New Quality of Place Grant for Rural Revitalization

2024-12-09T14:53:24-06:00December 9th, 2024|

Secretary of Commerce David Toland announced today the launch of the new Towns grant program. This program is an initiative designed to spur quality-of-place improvements in rural Kansas communities that have received no funding from the Kansas Department of Commerce in the past three years. This new opportunity will have $100,000 available for its first round of funding. The program provides grants that range from $1,000 to $10,000 to support small-scaled projects that will deliver meaningful results in rural communities, with a focus on increasing local capacity, fostering community and youth engagement, and mobilizing volunteers and local investment.... Grant applications open [...]

Kansas Tourism Announces 13 Attraction Development Grant Awardees

2024-12-09T14:52:34-06:00December 9th, 2024|

Secretary of Commerce David Toland today announced that more than $400,000 has been awarded for projects that will boost tourism throughout the state. Funding from the Attraction Development Grant program, which focuses on assisting local communities in the development of sustainable travel experiences through new and existing tourism attractions, will be divided among 13 entities.... The grant program is an initiative designed to provide financial assistance to public, private and nonprofit entities to invest in enhancing tourism across the state. The initiative will create a positive economic impact through job creation, capital investment, higher revenue and increased visitation. Source: Kansas Department [...]

Municipal Bond Trends for December 6, 2024

2024-12-09T09:38:14-06:00December 9th, 2024|

The interest rate table above illustrates recent changes in a sample of AA rated bond trades reported to the Municipal Securities Rulemaking Board’s EMMA® system. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

With potential for ‘storm of controversy’, Prairie Village again wades into revising neighborhood guidelines

2024-12-09T09:06:06-06:00December 9th, 2024|

After an unofficial hiatus of more than a year, Prairie Village is picking up the baton of tweaking neighborhood design guidelines. On Tuesday, after city staff suggested a few options to update the city’s guidelines that address single-family housing issues, the Prairie Village Planning Commission punted the conversation to the city council. Planning commissioners said they wanted to hear feedback from the city council before discussing any changes to the design guidelines. Neighborhood design guidelines — a topic that received significant attention in Prairie Village six years ago — dictate requirements for items such as lot size and lot coverage for [...]

Lenexa will ask residents to renew 3/8-cent sales tax in mail-in election

2024-12-09T09:04:23-06:00December 9th, 2024|

The Lenexa City Council has approved language for a special mail-in ballot measure asking residents to extend the city’s existing 3/8-cent sales tax. On Tuesday, the city council voted 6-0 to approve a resolution finalizing ballot language that will go before voters in spring 2025, asking whether the sales tax should be renewed or not. Councilmembers Joe Karlin and Craig Denny were absent. Originally approved by voters in 2008, the 3/8-cent tax has served as a key funding source for some of the city’s most visible projects over the past decade-and-a-half. Revenue generated by the tax has helped fund ongoing street [...]

How Kansas is spending federal infrastructure dollars

2024-12-09T09:03:01-06:00December 9th, 2024|

On the whole, U.S. infrastructure is ill-equipped for the demands of modern-day life. In response, the federal government has been pumping money into making repairs and improvements across the country through the Infrastructure Investment and Jobs Act of 2021; the CHIPS and Science Act of 2022, which funds the domestic production of semiconductors and promotes various activities at science agencies; and the Inflation Reduction Act of 2022. Through these, the federal government has announced $582.8 billion in funding toward public infrastructure, semiconductor development, and clean energy across the nation and its territories. The federal government has announced $3.7 billion in funds [...]

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