News

Emporia city manager calls Tyson layoffs a major ‘setback’

2024-12-04T09:17:22-06:00December 4th, 2024|

A major employer is set to lay off hundreds of employees in the Emporia area. The city manager there calls it a “setback” for the community. The Kansas Department of Commerce (KDOC) shows on its website that a Worker Adjustment and Retraining Notification (WARN) was filed by Tyson Food, Inc. on Dec. 2. It impacts 809 employees at the Tyson Fresh Meats location at 2101 West Sixth Street in Emporia. WARN notices are required by employers under federal law to provide advance warning to workers when a plant closure or mass layoffs are imminent. It is to help workers and their [...]

New USDA pilot program will help rural homeowners

2024-12-04T09:15:29-06:00December 4th, 2024|

The United States Department of Agriculture has chosen Kansas as one of 25 states and U.S. territories to participate in a new pilot program. The USDA says the pilot program under the Single Family Housing Home Repair Loans and Grants program will help homeowners in rural areas more quickly make needed repairs to their homes in areas placed under a Presidential Disaster Declaration or live in Rural Partner Network communities. Many contractors require a 50% upfront before ordering materials and work begins. Under the pilot program, suppliers will be paid directly or to the contractor after receipt of a paid invoice. [...]

Municipal Bond Trends for December 2, 2024

2024-12-03T10:08:07-06:00December 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.

This is the only band from Kansas to ever march in Macy’s Thanksgiving Day parade

2024-12-02T09:52:11-06:00December 2nd, 2024|

In 1974, 400 marching bands applied to participate in the Macy’s Thanksgiving Day parade. Only 14 were chosen. One of them hailed from a small town in northeast Kansas. To this day, in the 100-year history of the famous holiday parade, it is the only band from Kansas that has ever participated, Macy’s officials confirmed for The Star this week. Which makes what Wamego High School pulled off 50 years ago something of a miracle on 34th Street — performing in front of the famous department store in New York City on national TV. Source: Wichita Eagle

Donald Trump’s EV tax credit takeback could undermine Panasonic’s DeSoto plant | Opinion

2024-12-02T09:48:48-06:00December 2nd, 2024|

It’s the largest economic development project in Kansas history. All the numbers associated with the new Panasonic battery plant at DeSoto — scheduled to open early next year — are gigantic: Up to $4 billion in investment. As many as 4,000 new jobs. More than $800 million in tax credits from the state. Panasonic is expected to have a transformative effect on the region and the state. Anything less, in fact, would be a major disappointment. There’s just one problem: President-elect Donald Trump appears on track to undermine Panasonic’s work before it has even begun. Trump — as has been widely [...]

When a developer proposes a project in your neighborhood, wouldn’t you like to know? | Opinion

2024-12-02T09:47:18-06:00December 2nd, 2024|

if somebody’s proposing to build something in your neighborhood, you’d probably like to know about it. And if it’s something that will alter the character of your neighborhood or affect your property value, you’d probably want to have a voice in the city’s zoning approval process, right? Those questions are being grappled with at Wichita City Hall and the City Council was briefed on various options this week, but it really comes down to two key questions: ▪ Who should receive a letter from the city notifying them when projects are proposed near their home? ▪ Whose input should trigger discussion [...]

Kansas Gov. Kelly wants lawmakers to ‘just take a breath’ before cutting property taxes

2024-12-02T09:44:30-06:00December 2nd, 2024|

Kansas Gov. Laura Kelly on Monday called for no new tax cuts in 2025, setting the Democrat on a collision path with Republicans who have vowed to take action on property taxes after voters bolstered the party’s supermajority in the Legislature. The conflict’s outcome will influence how much Kansas homeowners pay in future property taxes, one of the most hated forms of taxation that helps pay for city and county government and public education. Some Republican lawmakers want to cut the statewide mill levy, which helps fund schools, while others favor a constitutional amendment that would limit annual property valuation increases. [...]

10-year Treasury yield rises after Fed minutes say to expect gradual rate cuts

2024-12-02T09:43:04-06:00December 2nd, 2024|

The 10-year U.S. Treasury yield advanced on Tuesday as investors analyzed latest Federal Reserve meeting minutes and key economic data due this week. The yield on the 10-year Treasury rose more than 3 basis points to 4.296%, regaining some ground after tumbling in Monday’s session. The 2-year Treasury yield was near flat at 4.254%. Yields and prices moved inversely to one another, and one basis point equals 0.01%. The Fed minutes said future interest rate cuts were likely, but to expect them to come “gradually.” The minutes were tied to the Federal Reserve’s last policy meeting earlier this month, when it [...]

Prairie Village may buy a nearby church site — Will it become the new city hall?

2024-12-02T09:41:28-06:00December 2nd, 2024|

A years-long project to remake Prairie Village’s city hall and police department may be taking a large step forward. The Prairie Village City Council on Monday is anticipated to consider taking out $5 million in bonds to pay for the Mission Road Bible Church property at 7820 Mission Road. This property, if purchased, is likely to become the location for a new city hall — a project that has been in the works for at least two years. For months now, Prairie Village has been publicly discussing the purchase of this property as it relates to the $31 million new city [...]

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