County tax burden rates lowest in region

Marion County has the lowest combined tax burden of any surrounding county, according a new analysis by financial technology company SmartAsset. Combined impact of income, sales, property, and fuel taxes are reflected in the analysis, released this past week. Overall, Marion County ranked 42nd lowest among the state’s 103 counties.
(Read more: Marion County RECORD)

2020-06-11T08:17:06-05:00June 11, 2020|News|

March makes impact in McPherson

“No justice, no peace” was among many chants shouted in the McPherson community during its first-ever Black Lives Matter march on Saturday afternoon. Even with a high temperature of 98 degrees, an estimation of 400 people in different age groups all united in McPherson College and walked two miles to Lakeside Park with their signs, making their voices around the community heard while being escorted by the McPherson Police Department. For Molly Anderson, a McPherson native and one of the head organizers of this march, it was an overall success and she was pleased with the turnout and how peaceful the protest was. She believed the message was finally delivered.
(Read more: Leavenworth Times)

2020-06-11T07:56:05-05:00June 10, 2020|News|

McPherson awarded $132,000 in grant funds to help with COVID-19 relief

McPherson was one of 66 Kansas counties and cities to receive Community Development Block Grants to support COVID-19 response. City Administrator Nick Gregory announced Monday that McPherson was awarded a total of $132,000 to help small businesses. “The City of McPherson received word that they were selected to receive a 2020 Small Cities Community Development Block Grant, CDBG-CV grant, in the amount of $132,000.00 to assist McPherson businesses with eligible working capital costs associated with economic recovery from the COVID-19 Pandemic,” Gregory said. “The original application was for $300,000, but we are extremely grateful for the funds awarded to the city.” A preliminary inquiry identified 22 local businesses in need of funds who were potentially eligible.
(Read more: McPherson Weekly News » Feed)

2020-06-11T07:56:41-05:00June 10, 2020|News|

Manhattan city leaders hope sidewalk sales, outdoor seating will help struggling businesses

The Manhattan City Commission recently passed a new ordinance that could result in more sidewalk sales and outdoor seating areas at restaurants. The new ordinance allows businesses to apply for a permit to expand into publicly owned areas, like sidewalks and streets. The permit will allow businesses to expand outside from 6 a.m. to 11 p.m. each day. The permits will expire on October 31. Deputy City Manager Jason Hilgers said he hopes the new ordinance will help both businesses and nervous consumers.
(Read more: KSNT News)

2020-06-11T07:57:40-05:00June 10, 2020|News|

ESU President addresses budget shortfalls, plans for fall semester

Emporia State University President Allison Garrett said school leadership had cut 20 positions — including four current employees — and would be looking at more budget cuts as the university is facing a $2.2 million shortfall heading into the fall 2020 semester, during a Tuesday morning town hall.  The forum addressed faculty- and student-submitted questions concerning the virus’ effect on the school’s budget, as well as covering initial reopening plans for the fall semester. “I know that you all are aware that Emporia State, like other institutions, is facing some budget challenges,” Garrett said. “I shared that with you back in early January and asked [faculty and staff] to be mindful how [they are] spending money during the rest of the fiscal year. I want to say ‘thank you,’ because you’ve certainly done that. We also recently shared that we had a need to identify $2.2 million dollars worth of budget savings.”
(Read more: Emporia Gazette)

2020-06-11T07:57:49-05:00June 10, 2020|News|

GCCC faces almost $500,000 impact to its 2020-21 budget

Garden City Community College says it is facing a significant fiscal impact due to rising costs in maintaining its liability insurance coverage. The Board of Trustees members met Tuesday. GCCC President Dr. Ryan Ruda told them the school’s annual premium and deductible would be increasing by approximately $494,000 compared to last year. He said GCCC must pay an annual premium of $325,000 and budget for the deductible of $250,000 in the fiscal year ahead. This compares to a 2019-20 premium and deductible of $30,549 and $50,000, respectively, according to the GCCC president.
(Read more: KSN-TV)

2020-06-11T07:57:55-05:00June 10, 2020|News|

Local businesses excited about tribal casino in Park City

In late 2019, J.R. Sartain took over ownership of 81 speedway, right before a global pandemic. … he’s hoping the addition of a tribal casino about a mile east will help business thrive. … Sartain already has plans to partner with the casino. … The city administrator’s office tells us the addition to the community is essential for growth. “So anytime that we can work with developers, bring jobs, bring other opportunities for our citizens, we’re just really excited about that,” says Dana Walden, Park City Assist. City Administrator.
(Read more: KAKE – News)

2020-06-10T08:26:37-05:00June 10, 2020|News|

Wichita gamblers could have two casinos within 20 minutes next year

Wichita gamblers could have two casinos within 20 minutes next year if everything goes as planned for the Wyandotte Nation of Oklahoma. Billy Friend, chief of the Wyandotte Nation, said construction crews could break ground on a casino in Park City by the end of the summer and gamblers could be working the slots by 2021. The new casino would be the anchor of a massive redevelopment of 100-plus acres at the failed Wild West World amusement park near Interstate 135 and East 77th Street North, about 10 miles north of downtown Wichita.
(Read more: Local News |)

2020-06-10T08:17:58-05:00June 10, 2020|News|

Wyandotte Nation expects Park City casino within a year

You could see slot machines as soon as next year in Park City. “In a perfect setting we would like to be breaking ground in the next 90 to 120 days,” said Wyandotte Nation Chief Billy Friend. “And within a year maybe having our first phase open.” This month the Assistant Secretary of Indian Affairs approved 10.2 acres of land into Trust for the Wyandotte Nation in Park City. This allows up to Class 2 gaming on the property as Native American Trust land. The slot machines will be those Class 2 type machines that are bingo games, but look and act like Vegas Style slot machines.
(Read more: KSN-TV)

2020-06-10T08:15:59-05:00June 10, 2020|News|

Treasury yield comeback is real, and the 10-year could hit 1.5% within months, Wells Fargo says

Wells Fargo Securities’ Michael Schumacher sees the Treasury yield rally picking up momentum. With the Federal Reserve policy meeting on interest rates underway, the benchmark 10-year Treasury Note yield is edging closer to striking 1%. “We think in the next month, maybe two on the outside, you’ll see the 10-year top 1% and it should be comfortably above that level by the end of the year,” the firm’s head of macro strategy told CNBC’s “Trading Nation” on Tuesday. Over just the past week, the 10-year yield has surged 21%. On Tuesday, it closed at 0.824%. Due to the improving economic backdrop, Schumacher believes yields have quite a bit more room to go.
(Read more: CNBC – Bonds)

2020-06-10T08:17:26-05:00June 10, 2020|News|
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