City returning solar regs to planning commission

The Great Bend City Council sent an ordinance on solar regulations within the 3-mile zone back to the Planning Commission when it met Monday. City Administrator Logan Burns had already recommended that action so the commission could consider recommended changes. After Great Bend resident Leslie Barrett shared community concerns about setbacks, the council added those to the list of possible changes.
Source: Great Bend Tribune

2024-10-23T09:09:16-05:00October 23, 2024|News|

Governor Kelly Announces Evergy to Invest More than $2B in Two New High-efficiency Natural Gas Plants

Governor Laura Kelly joined Evergy executives and legislative leaders today to announce that the company will invest more than $2 billion in building two new 705 megawatt (MW) combined-cycle natural gas plants in Kansas. Together, the new projects will provide more than 1,400 MW of dispatchable power. “Kansas is experiencing record economic growth, and Evergy is prepared to deliver the reliable, affordable, and sustainable energy needed.” Governor Laura Kelly said. “Evergy’s multi-billion-dollar investment brings direct value to the Hutchinson and Sumner County areas in jobs and tax dollars. It also ensures Kansas can continue to invite business growth that benefits the entire state.” The plant in Sumner County is expected to begin providing electricity in 2029, and the plant in Reno County is expected to be in service in 2030.
Source: Governor of the State of Kansas

2024-10-23T09:08:34-05:00October 23, 2024|News|

CNBC Daily Open: Concerns over high interest rates return, pressuring stocks

U.S. markets were mixed on Monday. The Nasdaq Composite rose while the S&P 500 and the Dow Jones Industrial Average fell, with the latter snapping its three-day winning streak. The 10-year Treasury yield jumped almost 12 basis points. Europe’s Stoxx 600 index lost 0.66%, with almost all sectors retreating, though oil and gas stocks managed to gain 0.6%. The S&P 500 will return just 3% over the next 10 years, on an annualized and nominal basis, forecast Goldman Sachs’ equity strategy team led by David Kostin. By comparison, the index has returned an average 13% annually over the last 10 years, according to Goldman. The team pointed to high valuations and concentration in today’s stock market as reasons for their forecast.
Source: CNBC – Bonds

2024-10-23T09:07:32-05:00October 23, 2024|News|

Commerce Announces New Round of Funding for HEAL Grants

Lieutenant Governor and Secretary of Commerce David Toland today announced that $1.5 million is available for a fifth round of Historic Economic Asset Lifeline (HEAL) grants to revitalize dilapidated and underutilized downtown buildings in small communities across the state. These grants help close the financial gaps for communities striving to make their downtown districts economically vibrant. Since Commerce launched the program in 2021, nearly $5 million has been awarded to fund 87 different community projects throughout Kansas.
Source: Kansas Department of Commerce

2024-10-23T09:04:44-05:00October 23, 2024|News|

Municipal Bond Trends for October 21, 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.

2024-10-22T09:43:38-05:00October 22, 2024|News|

Kansas economy growing rapidly: More workers needed to support revitalization

Armed with a new economic report, Kansas officials touted jobs data while warning that the workforce continues to face a challenge of not enough laborers. “It’s simple: we need more humans in Kansas to keep up with the phenomenal economic growth our state is experiencing,” said Lt. Gov. David Toland, who is also the Commerce secretary.
Source: Salina Journal

2024-10-22T08:29:33-05:00October 22, 2024|News|

Positive economic report singles out need for housing

According to the most recent economic snapshot from Pittsburg State’s Kelce College of Business, Crawford County’s gross domestic product grew by 8.8 percent between 2015 and 2024. That was greater than the rest of the state. The number of middle-income households also increased by 9 percent in Pittsburg and by 3 percent in the county, as a whole. Statewide, this increase was only 0.1 percent and 0.9 percent nationally. The Kelce report states that local households are on a strong financial foundation that will benefit when interest rates begin to decline. As the economic center of southeast Kansas, 65 percent of Pittsburg’s workforce are commuters, which is a very high proportion, according to the Bureau of the Census. The issue is housing. There are multiple housing projects on-going throughout the city, ranging from apartments to single-family homes at all price points. While the number of residences grows, it is slow and there is not enough to meet demand.
Source: Morning Sun

2024-10-21T10:05:45-05:00October 21, 2024|News|

City of Lawrence clears Amtrak camp; former residents look for path forward

A parade of dump trucks carried away what remained of the camp where people were living behind the Amtrak station in East Lawrence throughout the day Wednesday, including memorials for camp residents who had died. The City of Lawrence Homeless Response Team gave Amtrak residents two months’ notice that the camp was closing. But, as many people in houses would likely not start moving months before they’re evicted, many of the camp residents wanted to stay there until the day they had to leave. Many camp residents had anticipated that the full cleanup of the camp would start at 8 a.m. Tuesday, which was the day the city had told them they’d have to leave. The city had cleared a major campsite previously on the closure date.
Source: The Lawrence Times

2024-10-21T10:04:19-05:00October 21, 2024|News|

Lawrence city commissioners vote to keep City Hall downtown

Lawrence city commissioners on Tuesday said it’s important to keep City Hall downtown before voting 3-2 against the purchase of a building near Sixth and Iowa to become the city’s new home. City staff members had asked the commission to approve the purchase of a building, at 2000 Bluffs Drive, that would require an estimated $11.7 million in remodeling on top of a $4.2 million purchase agreement. That’s $15.9 million total, which is almost $4 million more than the commission had budgeted, so a future budget amendment would be necessary. The current City Hall, at 6 E. Sixth St., was built in 1980. It’s about 35,500 square feet, which city staff members and consultants with local design studio Multistudio say is no longer enough space for staff. In addition, staff of Planning and Development Services and Lawrence Municipal Court currently work in space in the Riverfront building next door that is leased for $300,000 per year.
Source: The Lawrence Times

2024-10-21T10:01:03-05:00October 21, 2024|News|

Short-term rentals required to get licensed by last month. At least 1 in 4 haven’t complied

At least one-quarter of short-term rentals in Wichita have yet to comply with new licensing regulations by the city, which went into effect last month. It could result in dozens of criminal charges being filed against non-compliant property owners, city officials say. The city passed new regulations last year for short-term rentals like AirBnBs and VRBOs, as the businesses grew more common throughout Wichita. The new code was meant to formalize the short-term rental market in Wichita because the city’s former zoning code technically made it illegal to rent out most residential properties for less than seven days. The new codes required short-term rentals to get licensed by the end of September. To do so, most property owners have to first change their property’s zoning code, a step neighbors can protest. But 126 of the approximately 470 short-term rental listings in Wichita don’t have a license or haven’t started the process to acquire one, city officials recently shared.
Source: Local News | Wichita Eagle

2024-10-21T09:59:12-05:00October 21, 2024|News|
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