Leawood tightens sports court rules following noise complaints

The city of Leawood has put new rules in place for residents looking to put private sports courts in their backyards. The Leawood City Council last week approved an amendment to the city’s development ordinance requiring new setback and neighbor notification requirements for building new tennis or pickle ball courts. The amendment approved last week requires residents to notify any neighbors by mail within 200 feet that they want to build a sports court. It also requires the court to be screened from neighbors by evergreen landscaping. The midpoint of the court must also now be closer to the owner’s house than to any neighbor’s houses, with a minimum setback of 20 feet from all property lines. City planning staff began looking into pickle ball noise mitigation after residents voiced concerns about noise and bright lights coming from residential pickle ball courts last year. City staff and the Leawood Planning Commission explored a number of options for addressing those concerns, such as cutting back permitted court lighting hours and raising the minimum distance from neighboring property lines.
Source: Prairie Village Post

Ranson Financial2023-12-01T10:27:49-06:00December 1, 2023|News|

Mission creating more bike and pedestrian connectivity

The city of Mission will host two public open houses Wednesday that will offer more details about the city’s ongoing bicycle, pedestrian and trail connection study. The focus of the study is to develop a connected network of on- and off-street bicycle and micro-mobility facilities. It also addresses pedestrian-specific concerns such as safety at major street crossings, access to certain destinations and sidewalk and path continuity. The study will result in a plan for a proposed design and appropriate infrastructure in major corridors around the city.
Source: Prairie Village Post

Ranson Financial2023-12-04T13:21:35-06:00December 1, 2023|News|

PSU, KBI to build $40 million crime center

Plans are being made for Pittsburg State University and the Kansas Bureau of Investigation to partner on a project to build a $40 million regional crime center and laboratory near the PSU campus. The center would serve law enforcement and provide education for future forensic scientists and criminal justice professionals, the university announced Thursday. Plans have yet to be completed, but the center will be located in the Pittsburg Research Park near South Rouse Avenue. The area already houses research and testing laboratories for PSU and is a short drive from the main campus. The initial timeline slates groundbreaking in January 2025 and completion in July 2026.
Source: www.joplinglobe.com

Ranson Financial2023-12-04T13:21:50-06:00December 1, 2023|News|

Municipal Bond Trends for November 30, 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, or Henry Schmidt.

Henry Schmidt2023-12-01T10:00:39-06:00December 1, 2023|News|

Kansas Panasonic plant construction, hiring set for busy 2024

Roughly a year after Panasonic officially broke ground on its $4 billion electric vehicle battery plant in De Soto, Kansas, construction crews still have more than a year of work to go before the targeted opening in the first quarter of 2025. But, Panasonic officials say the senior leadership team is in place, 34 engineers have already been hired and are training at the company’s Gigafactory plant near Reno, Nevada, to help set up and open the De Soto facility. The workers who will be on the line on day one are expected to be hired in January and February, and spend much of 2024 training up to be ready to run the Kansas facility. “Anyone wanting to be a part of advanced manufacturing, we’ll have opportunities at all levels,” said Panasonic Vice President of Human Resources Kristen Walters. That’s why she says the company is already working closely with local community colleges and four-year institutions to mold degree and certification programs to teach the skills Panasonic will need. Those programs will allow entry-level workers to advance through the ranks, helping prolong a career in manufacturing either within Panasonic or at one of the region’s other manufacturing businesses. The goal is to spread those programs around the region to help draw workers that already live in the metro, around 50 miles around the plant.
Source: KSN-TV

Ranson Financial2023-12-01T10:00:28-06:00December 1, 2023|News|

Municipal Bond Trends for November 29, 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, or Henry Schmidt.

Henry Schmidt2023-11-30T10:08:42-06:00November 30, 2023|News|

Merriam latest Johnson County city to take up short-term rental issue

Merriam is the latest Johnson County city to discuss short-term rentals like AirBnBs or Vrbos and how to potentially regulate them. With city staff over the past year receiving questions and listening to concerns about short-term rentals from councilmembers, planning commissioners and residents alike, the city council decided to discuss the issue for the first time on Monday night. … Bryan Dyer, the city’s community development director, told the city council on Monday that there are currently 13 licensed short-term rentals that the city knows of in Merriam city limits. While it is difficult to track short-term rentals, Dyer said, he knows there are a couple more short-term rentals that are coming on the market soon.
Source: Prairie Village Post

Ranson Financial2023-11-30T10:06:21-06:00November 30, 2023|News|

Fed’s Barkin says rate hikes are still on the table if inflation doesn’t continue to ease

Richmond Federal Reserve President Thomas Barkin said Wednesday that policymakers need to retain the option of raising interest rates if inflation doesn’t show enough progress coming down. Markets largely expect the Fed has stopped raising rates and will start cutting in 2024. But Barkin said he’s not ready to commit to a particular policy path with so much uncertainty in the air. “If inflation comes down naturally and smoothly, awesome, you know, there’s no particular need to do anything with interest rates if inflation steps down,” he told CNBC’s Steve Liesman during an interview at the CNBC CFO Council Summit. “But if inflation is going to flare back up, I think you want to have the option of doing more on rates,” Barkin added. “I guess the bigger point is, there’s no precision that anyone can point to at exactly what the level of rates that exactly handles inflation and exactly the way you want to handle it. So you’re constantly trying to adjust on the fly as you learn more about the economy.”
Source: CNBC – Bonds

Ranson Financial2023-11-30T10:01:52-06:00November 30, 2023|News|

Fed’s Waller expresses confidence that policy is in the right place to bring down inflation

Federal Reserve Governor Christopher Waller said Tuesday he’s growing more confident that policy is in a place now to bring inflation back under control. There was nothing in Waller’s prepared remarks for a speech in Washington, D.C., that suggests he’s contemplating cutting interest rates, and he noted that inflation currently is still too high. But he pointed out a variety of areas where progress has made, suggesting the Fed at least won’t need to hike rates further from here. “While I am encouraged by the early signs of moderating economic activity in the fourth quarter based on the data in hand, inflation is still too high, and it is too early to say whether the slowing we are seeing will be sustained,” he said. “But I am increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2 percent.” The commentary comes two weeks before the rate-setting Federal Open Market Committee’s Dec. 12-13 policy meeting. Markets largely expect the committee to hold its key lending rate steady, but Fed officials have stressed the importance of remaining vigilant on inflation and keeping their options open.
Source: Economy

Ranson Financial2023-11-29T12:53:55-06:00November 29, 2023|News|

Investors See Interest-Rate Cuts Coming Soon

Wall Street is gearing up for rate cuts. Twenty months after the Federal Reserve began a historic campaign against inflation, investors now believe there is a much greater chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest-rate futures indicated Monday a 52% chance the Fed will lower rates by at least a quarter-of-a-percentage point by its May 2024 policy meeting, up from 29% at the end of October, according to CME Group data. The same data pointed to four cuts by the end of the year. Investors, battered by the Fed’s efforts to slow the economy, have reacted by driving the S&P 500 up nearly 9% this month. That is despite the wagers reflecting different possible paths for the economy, not all of them favorable for stocks. One place where rate-cut bets are showing up is in the bond market, where yields on longer-term bonds have retreated further below those on short-term ones. Treasury yields largely reflect expectations for what short-term rates set by the Fed will average over the life of a bond. As a result, such a move is typically viewed as a warning of a looming recession, with investors betting the Fed will need to slash rates to stimulate growth.
Source: WSJ.com: Markets

Ranson Financial2023-11-29T12:50:24-06:00November 29, 2023|News|