News – Page 713 – Ranson Financial Group LLC

Governor Kelly Announces WaKeeney Selected as Newest Kansas Main Street Community

info2023-06-15T09:09:11-05:00June 15th, 2023|

Governor Laura Kelly visited WaKeeney today to announce its selection as the latest community added to the Kansas Main Street program, a Kansas Department of Commerce initiative to preserve and revitalize downtown districts across the state. This brings the total number of Designated Main Street communities in Kansas to 36. The Kansas Main Street program was originally launched in 1985. The Kelly Administration revived the program in 2019 after it was shut down in 2012 and has since welcomed 11 additional communities to the program. “I congratulate all who worked to ensure WaKeeney was added to the list of cities in [...]

Fed Holds Rates Steady but Expects More Increases

info2023-06-15T09:07:39-05:00June 15th, 2023|

Federal Reserve officials agreed to hold interest rates steady after 10 consecutive increases but signaled they were prepared to raise rates next month if the economy and inflation don’t cool more. New economic projections, released Wednesday after their two-day policy meeting, strongly suggested officials were leaning toward slowing down their increases rather than stopping them altogether. Most of them penciled in two more rate increases this year, which would lift them to a 22-year high, and boosted their expectations for growth and inflation. The Fed fights inflation by slowing the economy through raising rates, which causes tighter financial conditions such as [...]

City of Emporia unveils new mass notification system

info2023-06-15T09:02:59-05:00June 15th, 2023|

The City of Emporia unveiled a new mass notification system Monday, after receiving community feedback. According to a written release, moving to a new notification platform, Civic Ready, will allow the City to distribute information in a more efficient and streamlined manner; directly connecting its social media platforms, website, and other city platforms used for distributing information. Source: Emporia Gazette

Marion cops get big raises

info2023-06-15T08:44:05-05:00June 15th, 2023|

Marion City Council voted Monday to raise entry-level police pay 47.1% after Chief Gideon Cody said doing so would help recruitment. Top pay scale wages also will increase with first-year assistant chief pay rising 63.6%. Officers will make $20 to $25.09 an hour, up from a low of $13.59 now. Source: HILLSBORO Star-Journal

Committee recommends $82K tax break for Borders building project in Lawrence but votes against $830K tax rebate

info2023-06-15T08:40:07-05:00June 15th, 2023|

A city committee voted Wednesday in favor of one tax break for a project to redevelop the long-vacant Borders bookstore in downtown Lawrence, but against a much larger tax incentive that First Management Inc. had requested. First Management plans to remodel the building at 700 New Hampshire St. into corporate headquarters. The company seeks Industrial Revenue Bonds for a 100% sales tax exemption on construction materials for the building, and a 15-year, 90% Neighborhood Revitalization Area (NRA) rebate. The Public Incentives Review Committee voted 4-1 Wednesday to recommend approval of the IRB. According to agenda materials, that amounts to a value [...]

City of Holton sales tax renewed

info2023-06-15T08:34:33-05:00June 15th, 2023|

Holton voters approved a 10-year extension on the city’s half-cent sales tax for infrastructure improvements by a margin of nearly six to one, despite a low voter turnout, it has been reported. Holton Interim City Clerk Teresa Riley thanked the city’s voters for showing support for extending the sales tax, which will now be extended through Dec. 31, 2033. “The city is grateful and thankful to the citizens of Holton for continuing to support the improvement of our city through the sales tax,” Riley said. “Work will continue on our aging sewer system, maintenance of our electrical generation plant and other [...]

FOMC likely to skip June but hike interest rates in July analysts say

info2023-06-14T09:33:16-05:00June 13th, 2023|

The Federal Open Market Committee is expected this week to hold interest rates at a range of 5% to 5.25%, but the revised Summary of Economic Projections will likely signal at least one more rate hike this year. "We expect the Fed to leave the federal funds rate unchanged although both the post-meeting statement and the dot plot will likely emphasize that inaction this week should be considered 'skipping a rate hike' rather than putting an end to monetary tightening," said David Kelly, chief global strategist at J.P. Morgan Asset Management. "Indeed, Fed communications could explicitly warn of a possible further [...]

Municipal Bond Trends for June 13, 2023

Henry Schmidt2023-06-14T09:33:23-05:00June 13th, 2023|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. 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.

Hope, hurdles remain for long-discussed west Wichita highway project

info2023-06-13T19:11:05-05:00June 13th, 2023|

Since around the turn of the century, many have agreed that a northwest bypass would be a boon for west Wichita economic development and the region overall. Advocates point to what the early 1990s expansion of K-96 did for east Wichita, with growth showing no signs of slowing in areas just off the highway on Greenwich Road, among other intersections. Yet, the proposed highway project — which would extend K-254 from around 45th Street North and Maize Road to Kellogg, just east of Goddard — first studied in the late 1990s appears not much closer to coming to fruition than it [...]

Dodge City’s “Paving the future, property tax relief and street sales tax”

info2023-06-13T19:09:49-05:00June 13th, 2023|

The 2023 Street Reconstruction Projects utilizing the new “Paving the Future, Property Tax Relief and Street Sales Tax funds” will begin soon. The Dodge City Commission recently approved a street project at Village Square Mall to mill and inlay Central Avenue from the northern drive to end of concrete pavement up to and including the US 50 and Central Avenue intersection. Another mill and inlay/overlay project will address much needed repairs tpi on Underpass Road from Trail Street. to Wyatt Earp Boulevard. Source: Dodge City Daily Globe