Douglas County commissioners approve measures to maximize the impact of unspent ARPA funds

Douglas County commissioners learned on Wednesday that only around 72% of the federal funding they distributed through the American Rescue Plan Act has been utilized, and they approved measures to maximize the money’s impact before the end-of-the-year deadline to spend it. In July 2022, the county awarded $23,747,378 in ARPA funding — which is emergency funding to help state and local governments respond to and recover from the COVID-19 pandemic — to support 51 projects for internal and external partners.
Source: LJWorld

2024-11-08T07:55:24-06:00November 8, 2024|News|

Lawrence City Commission set to vote on sweeping Land Development Code next week

Lawrence city commissioners at their meeting Tuesday will consider adopting a new Land Development Code for the city, which would govern how developments in the city are built, from lot sizes to parking requirements. The project to update the city’s code, which has not been updated since 2006, started in 2022 and aims to establish a simpler and more consistent set of development procedures and help the city better achieve goals in its Plan 2040 strategic plan — including building more density in housing and affordable housing.
Source: LJWorld

2024-11-08T07:53:55-06:00November 8, 2024|News|

Municipal Bond Trends for November 6, 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.

2024-11-07T10:34:33-06:00November 7, 2024|News|

Falling Rates, Rising Tax Risk Give Some Shine to Muni Bonds

Municipal bond issuance in the U.S. is heating up as local governments ramp up borrowing and investors gobble up the low-risk securities. … local governments have needed to borrow more as the massive federal stimulus received during the pandemic wears off. Issuances also are increasing in size, as the cost of projects become more expensive due to rising prices for materials, labor and services. Meanwhile, as the Federal Reserve cuts interest rates, yield-seeking investors have more reason to park their cash in munis.
Source: WSJ.com: Markets

2024-11-06T11:01:46-06:00November 6, 2024|News|

Ballot questions pass in Barton and Pawnee Counties

Voters in Great Bend, Ellinwood, and Pawnee County all had special election questions on their ballots Tuesday and all three passed. Great Bend’s half-cent sales tax will continue, Ellinwood USD 355’s bond issue was approved, and in Pawnee County, establishments will be able to sell liquor by the drink without a minimum food sales requirement.
Source: Great Bend Tribune

2024-11-06T11:00:39-06:00November 6, 2024|News|

Lawrence voters approve expanding affordable housing sales tax, providing more funding for homelessness services in city

Lawrence voters on Tuesday approved a referendum that will double the city’s affordable housing sales tax to help provide more funding for services to help people experiencing homelessness. A total of 20,923 voters, or 53.32%, voted “yes” on the ballot initiative to raise the affordable housing sales tax from 0.05% to 0.10%, according to the unofficial results from the Douglas County elections office; 18,314, or 46.68%, voted against the increase.
Source: LJWorld

2024-11-06T10:49:40-06:00November 6, 2024|News|

Municipal Bond Trends for November 5, 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.

2024-11-06T10:11:28-06:00November 6, 2024|News|

Lawrence voters reject proposal that would have altered structure of city government and added a direct mayoral race

Lawrence voters on Tuesday narrowly rejected a referendum that would have altered the city’s structure of government, voting down a proposal that would have included a direct mayoral election and additional commissioners in the city, with some voted on by districts and others serving at large. A total of 18,815 Lawrence voters, or 50.86%, chose “no” on the referendum, according to the unofficial vote totals from the Douglas County elections office with 100% of precincts reporting, while 18,178 voted “yes”, or 49.14%. That means the city government will keep its current format, with five city commissioners who choose one of their own members to serve as mayor each year.
Source: LJWorld

2024-11-06T09:37:38-06:00November 6, 2024|News|
Go to Top