Municipal Bond Trends for July 19, 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.

2024-07-22T09:56:44-05:00July 22, 2024|News|

Governor Kelly Announces $10M for Broadband Projects in Rural Kansas

Governor Laura Kelly announced today that $10 million has been awarded to 12 Internet Service Providers (ISPs) in the latest round of Broadband Acceleration Grants. The awards will be paired with an additional $12.7 million in matching funds, resulting in an investment of nearly $22.7 million for high-speed broadband access projects across 14 rural Kansas counties.
Source: Kansas Department of Commerce

2024-07-19T13:54:13-05:00July 19, 2024|News|

Overland Park considers changing how it gives out 2 types of development incentives

As part of a months-long effort to review its economic incentive policies, Overland Park is now tackling two that tend to use sales tax to encourage specific types of development and redevelopment. These two economic development tools are community improvement districts and transportation development districts, more typically referred to as CIDs and TDDs, respectively.
Source: Johnson County Post

2024-07-19T13:53:48-05:00July 19, 2024|News|

Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut

Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. … Keeping with statements from other policymakers, Waller’s sentiments point to an unlikelihood of a rate cut when the Federal Open Market Committee meets later this month, but a stronger likelihood of a move in September.
Source: CNBC

2024-07-19T13:45:06-05:00July 19, 2024|News|

Who are Wichita’s top water customers?

As of Monday, Cheney Lake is nearly six-and-a-half feet below its normal level, less than 65% full. This is a mark that has Wichita on the brink of mandatory water restrictions. With the City of Wichita treating more than 19 billion gallons of water each year, 12 News looked into water usage in the city, asking for the top 30 users of Wichita’s water supply. Considering Wichita water customers, the supply extends well beyond the city’s limits.
Source: KWCH

2024-07-19T12:38:31-05:00July 19, 2024|News|

What Wichita-area services are down due to global outage?

A worldwide IT outage caused by a faulty update is also impacting several Sedgwick County resources. CrowdStrike, a cybersecurity firm, said that an update sent to Microsoft computers caused widespread problems that led to grounded flights and disruptions to companies across the world. … The county’s vehicle tagging offices are currently closed due to computer problems. “The computers are back up with county software but unfortunately the motor vehicle system is on the state software, and at this moment the state has not gotten their stuff up and running,” Brandi Baily, the county’s treasurer, said at Friday morning’s county commissioners agenda review meeting. “The plan is to keep the tag office doors closed until we have that up and running.”
Source: Local News | Wichita Eagle

2024-07-19T12:37:53-05:00July 19, 2024|News|

McCune Lions Club successful community garden providing healthy fresh food to the area

According to the Kansas Healthy Food Initiative, more than 750,000 Kansans did not have access to healthy food within a reasonable distance of their home in 2023. Approximately 26 percent of those Kansans also live in low access areas, otherwise known as a “food desert.” One of the many communities in Kansas suffering as a food desert is in McCune. While McCune Farm to Market provides local produce, meats, and eggs along with basic groceries, the next closest grocery store is 21 miles east in Pittsburg or 15 miles west to Parsons. In an effort to tackle food insecurity in the rural area, the McCune Lions Club has been maintaining a community garden for several years. “Live Well came over here six years ago and Greenbush was still using the school here at that time and they got with them and they wanted to put this building here and have the students work in it part-time,” said Lions Club member Clint McColm. “Well, they asked the city if they wanted it on their ground and they said ‘no’ so I called them that next morning after they met with the city and I said ‘Hey, the Lions Club, we have ground out here that we’ll let you put it on.’ “… Live Well hired the Amish to build it. They built it for us and once it was built, then they signed it over to the Lions Club. We had a garden club from the church and they helped us for a year.”
Source: Morning Sun

2024-07-19T11:01:40-05:00July 19, 2024|News|

New courthouse holds remnants of old, new clocks

The mechanisms that controlled the clock on the exterior west wall of the Harvey County Courthouse are in the second-floor women’s bathroom in a protective enclosure. The clock no longer works, but the mechanisms still are there. “We don’t use it anymore,” said David Ryan, Harvey County facilities and grounds maintenance director. “The last time we had it estimated, trying to fix it was a challenge. It was pretty expensive. There was no guarantee it would be accurate.” “At some point, we took the hands off the clock,” County Administrator Anthony Swartzendruber said. “The hands didn’t move any more,” Ryan said. In this story, there is the old courthouse and the new courthouse. Tying them together is a bell, the location, their purpose and clocks.
Source: Harvey County Now

2024-07-19T10:49:35-05:00July 19, 2024|News|

Lawrence Municipal Court to accept $15 of school supplies to cover $50 of fines

For a second year running, Lawrence Municipal Court is holding a school supply drive that will allow people to pay off $50 in fines with $15 worth of school supplies. “Participants can purchase $15 worth of new school supplies from the approved supply list below and bring them to the Lawrence Municipal Court along with the receipt to get $50 credited towards a traffic infraction and/or parking fines,” according to a Friday news release from the city. “The donations will only apply to existing court fines, not potential future fines. Individuals can also choose to donate toward fines on another person’s account,” according to the release. Municipal Court Judge Chris Kopecky, who started in his role in October 2022, said last year that the Olathe municipal court had a similar initiative, and he thought it might be a good thing to do here. Vicki Stanwix, court administrator, said via email last year that 44 people donated items in exchange for a reduction in parking or infraction fines. The court also received donations from some people who owed less than $50 in fines, and from people who did not owe fines to the court but wanted to give back to the community, she said.
Source: The Lawrence Times

2024-07-19T10:46:56-05:00July 19, 2024|News|
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