Henry Schmidt2023-03-22T08:02:32-05:00March 22nd, 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, Beth Warren or Henry Schmidt.
info2023-03-21T14:40:29-05:00March 21st, 2023|
The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it can stem a worse banking crisis. Economists mostly expect the Fed will raise its fed funds target rate range to 4.75% to 5% Wednesday afternoon, though some expect the central bank could pause its hiking due to concerns about the banking system. Futures markets were pricing in a roughly 80% chance for a rate hike, as of Tuesday morning.The central bank is contemplating using its interest rate tools at the same time it is trying to [...]
info2023-03-21T14:18:10-05:00March 21st, 2023|
Mayor Pat Stivers today announced that Maize City Administrator, Richard LaMunyon, has informed the City Council of his intention to retire from his duties at the end of December 2023, after 23 years of service. Richard, a long-time resident of Maize, became City Administrator in 2000 when the city employed eight people (half were part-time), had a geographic size of one square mile, and a population of about 1,800 citizens. Today, Maize is the fastest growing community in the State of Kansas. It now incorporates over ten square miles, employs fifty dedicated workers, and an estimated population of 7,100 residents. During [...]
info2023-03-21T10:21:09-05:00March 21st, 2023|
The Riley County Commission on Monday heard a proposal for adding a dangerous dog policy to the county’s animal control regulations. Deputy county counselor Craig Cox presented commissioners with a proposed revision to the countywide animal control resolution, which has remained largely unchanged since it was adopted in 1988. Cox said the proposed addition to the policy would include regulations for keeping dogs that are classified by a court as “dangerous” or “potentially dangerous.” He told commissioners that owners of dogs labeled as such would have to meet certain requirements to keep their dog, such as maintaining a specific type of [...]
info2023-03-21T10:19:49-05:00March 21st, 2023|
The city’s parking plan, up for approval Tuesday, calls for replacing coin-operated parking meters with newer, more expensive technology such as the ParkMobile app, which went into use at Century II last week. The Wichita City Council is expected to vote Tuesday on a plan to hike downtown parking prices and install new technology that would make it easier for the city to issue parking tickets. The Wichita Parking and Multimodal Plan would more closely align the rest of downtown with a recent change at Century II and the former downtown library, where the city removed its coin-operated parking meters, replaced [...]
info2023-03-21T14:08:30-05:00March 21st, 2023|
The Riley County Board of County Commissioners are planning to host quarterly meetings this year outside of Manhattan. Meetings will be held at 6 p.m. in the smaller cities within the county. Commission Chair Kathryn Focke says it’s important to make local government accessible to everyone and says she’s hoping to send the message that “commissioners are here to serve rural residents too.” The first of four meetings will take place March 30 at Riley City Hall. Source: 1350 KMAN
info2023-03-21T10:16:58-05:00March 21st, 2023|
Houses in Salina are going green, and not for recycling. Porches are "lighting up" awareness about Narcan in hopes of saving lives. If you see a porch shining a green light in Salina, you have found a house joining the fight against fentanyl. A green porch light means there is Narcan inside and someone who can administer it. Recently, residents out at the Oxford House in Salina began this awareness campaign, and now the campaign is spreading to personal homes as the need increases. Preston Cressler, a volunteer at an Oxford House, says recent overdoses could've been prevented, and the green [...]
info2023-03-21T10:15:14-05:00March 21st, 2023|
Inside the Burris home, a guitar sits in its corner of the living room. A music stand holds sheets of music, where Nicholas Burris, called “Cruz” by his loved ones, would strum along to The Beatles, Queen and Chuck Berry. Rhonda Burris will miss hearing her son’s fingers plucking, moving across the strings. The 15-year-old could pick up songs quickly and had even begun to write his own. Cruz’s parents believe he could have gone far in his musical pursuits. Some days he dreamed of being an engineer for NASA, and other times he would say he wanted to become a [...]
info2023-03-21T10:13:38-05:00March 21st, 2023|
The U.S. Supreme Court has invited the federal government to weigh in on whether state and local governments can regulate how long trains can block railroad crossings. The invitation means the high court might eventually give a full hearing to the appeal of a lower court ruling that invalidated Ohio’s blocked crossing law. There’s no guarantee the court will grant the appeal, but Monday’s court order keeps the door open for now. Countless people have died when emergency vehicles were delayed at rail crossings, The Kansas City Star reported in an investigation of railroad safety lapses. The high court refused to [...]
info2023-03-21T14:10:48-05:00March 21st, 2023|
Municipals were steady Monday ahead of the Federal Open Market Committee meeting, while U.S. Treasury yields rose as investors considered the stability of the banking sector. Equities ended up. Triple-A benchmarks were little changed, no more than a basis point or two, while U.S. Treasury yields rose five to 12 basis points. ... The banking sector crisis, which erupted with the collapse of Silicon Valley Bank and resurfaced with the struggles of Credit Suisse, sent USTs on a flight-to-quality bid last week. "The two-year plummeted by well over 100 basis points [since March 8], after the short benchmark attained a multiyear [...]
