Municipal Bond Trends for July 2, 2024

2024-07-03T10:29:03-05:00July 3rd, 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.

Lawsuit over rejected Shawnee apartment plan could go to Kansas Supreme Court

2024-07-03T09:32:11-05:00July 3rd, 2024|

A lawsuit between the city of Shawnee and a Johnson County-based development company may find its way to the Kansas Supreme Court. Attorneys for Austin Homes, a development company owned by Greg Prieb, are now appealing an April decision by the Kansas Court of Appeals that ruled in favor of the city after it denied developers’ application five years ago to build a multi-family project near Johnson Drive and K-7 Highway. Source: Johnson County Post

DOJ, Wichita schools reach settlement in race, disability discrimination investigation

2024-07-03T09:31:32-05:00July 3rd, 2024|

Wichita Public Schools and the U.S. Department of Justice have reached a settlement after an investigation into Kansas’ largest school district uncovered race and disability discrimination in how discipline is dealt out. “The department’s investigation revealed, among other things, that the district’s Black students were disciplined more frequently and more severely than white students who engaged in similar conduct and had similar backgrounds and disciplinary histories,” a Tuesday DOJ release states. Source: Local News | Wichita Eagle

Riley County jail close to reaching capacity with more incarcerations

2024-07-03T09:31:09-05:00July 3rd, 2024|

The Riley County Jail has been close to reaching capacity in recent month. Jail captain Mark French on Monday told county commissioners the 147-bed correctional facility has an average daily population of about 114 inmates, and sometimes, that number gets up to 120. “We’re pretty maxed out when it comes to the classification system,” French said. Source: themercury.com

Kansas Launches National Campaign to Attract and Retain Talent

2024-07-02T10:02:01-05:00July 2nd, 2024|

Lieutenant Governor and Secretary of Commerce David Toland, alongside leaders from across the state, today unveiled Love, Kansas, a dynamic talent attraction campaign aimed at boosting Kansas’ population by inviting past residents to choose the Sunflower State as their future home. This national marketing initiative will highlight Kansas as an exceptional place to live, work and raise a family, with a special emphasis on “boomerangs” – individuals with previous ties to the state. The campaign was launched at the Flint Hills Discovery Center in Manhattan, where Lieutenant Governor Toland shared his personal journey back to Kansas that was inspired by a [...]

Municipal Bond Trends for July 1, 2024

2024-07-02T10:00:54-05:00July 2nd, 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.

Cuts looming for city staff as Manhattan looks to increase its cash balance

2024-07-02T10:00:19-05:00July 2nd, 2024|

Manhattan city commissioners are talking about laying off as many as 70 city employees as they consider cost-cutting measures to avert what they say is a potential budget crisis. City officials during Tuesday’s meeting weighed options to increase the general fund. The fund’s cash balance is expected to drop from $11 million to $6 million by the end of 2024. Officials have said they like to keep the cash reserve above $10 million. Commissioners have initially targeted a combination of staff reductions and tax increases. Personnel currently makes up around 70% of the general funds’ expenses. Commissioners are looking at cutting [...]

Fort Scott City Commission talks tax incentives for downtown buildings

2024-07-02T09:53:36-05:00July 2nd, 2024|

Fort Scott City Commissioners on June 18 discussed Reinvestment Housing Incentive Districts. Bourbon County Regional Economic Development Director Robert Harrington said a RHID for the downtown area would fund “any upper-story living,” while the lower level must be commercial. The RHID would not pay for such items as appliances and furniture. A RHID is a program designed to aid developers in building housing within communities by assisting in the financing of public infrastructure improvements. RHID captures the incremental increase in property taxes created by a housing development project for up to 25 years. The revenue can be used for reimbursement for [...]

Political signs not allowed on right of way

2024-07-02T09:52:25-05:00July 2nd, 2024|

It’s a sign of the season – political campaigning and the posting of campaign signs. The Kansas Department of Transportation reminds the public that all political campaign signs or billboards are prohibited from being placed on state highway right of way. By law, all right of way on state highways is exclusively for public highway purposes. Only regulatory, guide signs and warning signs placed by KDOT are allowed on the 9,500-mile state highway system. KDOT has jurisdiction over all interstate, Kansas and U.S. routes. When KDOT maintenance crews find political signs on state highway right of way, the signs will be [...]

Cities need citizen help in complying with KDHE regulations; How cities in Harvey County are meeting the requirements

2024-07-02T09:51:21-05:00July 2nd, 2024|

All community and non-transient, non-community water systems must develop an inventory to identify the materials of service lines connected to the public water distribution system by Oct. 16, 2024, according to Jill Bronaugh, communications director of the Kansas Department of Health and Environment (KDHE). She said that the inventory must include all service lines connected to the public water supply distribution system, regardless of ownership status to the exterior structure wall and must be made available for public review. “The customer should voluntarily assist the water system in identifying line materials,” Bronaugh said. She said the state will compile the data [...]

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