News – Page 773 – Ranson Financial Group LLC

Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

info2023-04-12T09:04:04-05:00April 12th, 2023|

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year ago versus the estimate of 5.1%. Excluding food and energy, core CPI increased 0.4% and 5.6% on an annual basis, both as expected. Source: Economy

Treasury yields fall after inflation comes in cooler than forecast in March

info2023-04-12T09:01:25-05:00April 12th, 2023|

U.S. Treasurys were little changed on Wednesday ahead of the release of key March inflation figures that could impact future Federal Reserve policy moves, including its interest rate hiking campaign. As of 5:17 a.m. ET, the 10-year Treasury was trading at 3.439% after rising by less than 1 basis point. Meanwhile, the yield on the 2-year Treasury was down marginally at 4.054%. Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%. Source: CNBC - Bonds

Finney County Historical Museum exhibit celebrates first Hispanic mayor

info2023-04-12T11:17:06-05:00April 12th, 2023|

Garden City reached a unique milestone 50 years ago, on April 11 of 1973, when the community’s first Hispanic mayor was elected, and the Finney County Historical Museum has just opened a new exhibit telling the story of Mayor D.C. Garcia. Entitled “Making a Difference,” the display is located in the museum’s Front Door Gallery, where exhibits change four to six times each year. It is comprised of nearly 10 large-format photographic images, as well as a small collection of artifacts loaned from the Garcia family and others. Source: Greater Garden City

Overland Park councilmember floats getting rid of city food sales tax

info2023-04-12T08:54:55-05:00April 12th, 2023|

Overland Park City Councilmember Faris Farassati is looking to reduce or potentially eliminate the city’s sales tax on food. He says doing so would provide much-needed relief to residents dealing with a rise in property taxes, with the average home appraisal value in Johnson County up by 12% from last year. But city officials say cutting the local sales tax on food would have practical ramifications on Overland Park’s budget and may not even be possible under state law. Another councilmember called the proposal patently “illegal.” Source: Prairie Village Post

Municipal Bond Trends for April 11, 2023

Henry Schmidt2023-04-12T07:24:29-05:00April 12th, 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, Beth Warren or Henry Schmidt.

Medicine Lodge is purchasing and re-opening local drive-in theater

info2023-04-11T17:13:58-05:00April 11th, 2023|

The City of Medicine Lodge is purchasing and re-opening our local drive-in theater. We are excited to use it as a community venue and event location, as well as a drive-in theater. As the sixth in Kansas and a publicly owned facility we plan to use this as a beacon for tourism as well as a unique and special destination for our community. Most communities operate public pools, many have golf courses, and I bet very, very few operate drive-in movie theaters. I am excited to see how this non-traditional service benefits our community and draws in visitors to our town. [...]

Garden City’s Downtown Plan receives update at meeting

info2023-04-11T08:05:52-05:00April 11th, 2023|

The Garden City Commission approved an update for the Garden City Downtown Plan at its regular meeting on April 4. The plan presented was an update on the 2013 Downtown Plan, which goes along with the city’s Comprehensive Plan and focuses on development and improvements in the Center Business District. It also establishes goals for the downtown for the next 10-20 years. Britt Palmberg, director of planning with RICK Engineering Company, presented the updated plan. ... One conclusion from the meetings and engagements is that people saw the downtown as the heart of the community, Palmberg said. “They want to bring [...]

Taking a closer look at a bitcoin mining operation in Harvey County

info2023-04-11T07:56:10-05:00April 11th, 2023|

Print Crypto, Inc., has more than 900 computers mining bitcoin at the Butler Rural Electric Cooperatvie substation at 8399 S.E. 84th St., at least for now. Sean Reese said his company, of which he is part owner, had taken every one of its units out of the storage trailers and replaced it with those belonging to customers who rent space from Print Crypto. He said his customers paid $2,000-$6,000 per month to rent the space, and Print Crypto covers the cost of electricity, storage and maintenance. He said his company kept adding customers, but it hadn’t added any machines to the [...]

Municipal Bond Trends for April 10, 2023

Henry Schmidt2023-04-11T07:32:59-05:00April 11th, 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, Beth Warren or Henry Schmidt.

Wichita to host U.S. Figure Skating event for the third time

info2023-04-10T23:53:44-05:00April 10th, 2023|

Wichita will again be a host city for the Synchronized Sectional Championships for U.S. Figure Skating. The event is scheduled at Intrust Bank Arena from January 24th through the 28th, with practices taking place at the Wichita Ice Center. Wichita previously hosted the Midwest Sectional Championships in 2018 and 2020. Visit Wichita and the Wichita Figure Skating Club will provide local support to host the competition. The competition will attract more than 127 teams, 1,800 athletes and over 350 coaches and team personnel. Source: 101.3 KFDI