News – Page 1060 – Ranson Financial Group LLC

Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

info2022-06-15T07:55:56-05:00June 15th, 2022|

The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three quarters of a percentage point. In response to soaring inflation and volatile financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range of 1.5%-1.75%, where it hasn't been since before the pandemic crisis began. ... Goldman Sachs said new language in the statement could indicate that the rate-setting Federal Open Market Committee "anticipates that raising the target range expeditiously will be appropriate until it sees clear and convincing evidence [...]

Lack of affordable and other housing options in Lawrence highlighted in homeless needs report

info2022-06-15T07:41:39-05:00June 15th, 2022|

City leaders on Tuesday heard some of the findings of a study that examined homelessness in the area as well as factors that affect the community’s ability to address the issue, including the shortage of affordable housing options and a lack of permanent supportive housing. As part of its meeting Tuesday, the Lawrence City Commission received a presentation from the University of Kansas Center for Public Partnerships and Research on the 2021-2022 Douglas County Homelessness Interim Needs Assessment. Some of the key early findings of the study are that the current housing options in the community are not enough to meet [...]

Douglas County leaders hold hearing about proposal for new city

info2022-06-15T07:39:48-05:00June 15th, 2022|

The County Commission will have the final say in deciding whether Clearfield may incorporate as a new city, and Wednesday night’s hearing is a requirement in the process for doing so. During the hearing, commissioners will hear testimony from people who reside within the 18-square-mile territory that petitioners are proposing as the new city’s boundaries. There are more than a dozen factors that will ultimately inform the commissioners’ decision, including the likelihood of significant growth there or in adjacent areas within the next 10 years and the new city’s proximity to other cities nearby. Source: LJWorld

Municipal Bond Trends for June 14, 2022

info2022-06-15T07:34:18-05:00June 15th, 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.

Muni yields rise further ahead of Fed rate hikes

info2022-06-15T18:52:06-05:00June 15th, 2022|

Municipals were weaker amid larger losses in U.S. Treasuries while equities ended mixed as markets were quieter ahead of the FOMC rate-hike decision Wednesday. Triple-A benchmark yields were cut five to eight basis points, depending on the scale, while USTs rose six to 11 basis points. Muni-to-UST ratios were at 66% in five years, 84% in 10 years and 99% in 30, according to Refinitiv MMD's 3 p.m. read. ICE Data Services had the five at 67%, the 10 at 83% and the 30 at 98% at a 4 p.m. read. In the primary, J.P. Morgan Securities priced for Riverside County, [...]

City Council votes to end extra sales tax, improvement district in northeast Wichita

info2022-06-15T07:28:49-05:00June 15th, 2022|

Wichita City Council members voted unanimously Tuesday to end an extra one-cent sales tax that helped fund public improvements to go along with a development near K-96 and Greenwich Road. The district northeast of the interchange includes the Wichita Sports Forum and a number of restaurants and retail stores. The district was created for a 22-year term that would have ended in October, 2036, but strong retail sales growth in the area will allow the city to pay off the bonds on the public improvements and end the tax on September 30th of this year. The sales tax that was in [...]

Rose Hill taking design submissions for fall festival

info2022-06-15T00:01:00-05:00June 15th, 2022|

The city of Rose Hill recently opened up competition for its 2022 fall festival button design contest, open to all Rose Hill and USD 294 residents. The theme for this year’s festival is “Our Roots Run Deep – 135 Years & Growing.” Button designs must be drawn in a 6-inch circle on plain white paper. The exact drawing is copied from the entry – not redrawn or touched up in any way. The words “Rose Hill Fall Festival” and “2022” must be on the design, and no computer designs will be accepted. Source: Derby Informer | Area

Emporia to offer tours of Carnegie library

info2022-06-15T07:30:08-05:00June 14th, 2022|

The city of Emporia will soon offer tours of the old Carnegie library building, located at 110 E. Sixth Ave. The library will be open at 2 p.m. Tuesday, June 21, and 10 a.m. Thursday, June 23, for tours. The city said each self-guided tour will be approximately 30 minutes long. The Emporia City Commission received an extensive report on the building in April, and on May 11, the city received a letter of interest for the building. Source: Emporia Gazette

Special meeting planned on vacant homes, local rentals in Emporia

info2022-06-15T07:30:53-05:00June 14th, 2022|

Some influencers in Emporia talk about a lack of housing. But more homes than you might think sit empty — and some have been unoccupied for years. “We’ve got, in a recent count, over 130 vacant houses — that is, duplex or single-family,” City Housing Specialist Jeff Lynch said. Lynch and the city’s Community Housing Board have called a special meeting for Thursday evening. It has two main topics: a potential city ordinance on vacant houses and registration of all rental property. Empty homes are a concern in cities large and small. Several residents complained to the Madison City Council last [...]

Schwindt excited to take on Burrton superintendent role

info2022-06-14T23:51:49-05:00June 14th, 2022|

Just three weeks after Burrton USD-369 began the search process for a new superintendent, the board of education has hired Kara Schwindt to fill its top leadership position. “It was definitely a fast process, but I’m really excited,” she said. “I think right now ‘excited’ is kind of my word. I’m excited to get in and meet staff, meet the community and see what direction we’re going to go.” Schwindt said she was interested in the Burrton superintendent position because she wanted to stay close to the Wichita area to be near family. Source: Harvey County Now