Changes coming to iconic Abilene steam engine

A train over a century old will undergo a special overhaul for the next 18 months to help extend its life. According to officials with Abilene & Smoky Valley Railroad, the antique locomotive Santa Fe 3415 will be taken out of service for the next year-and-a-half for a complete safety check of the engine’s boiler and so that other improvements can be made. This is part of routine maintenance that must be conducted every 15 years as mandated by the Federal Railroad Administration.
Source: KSNT 27 News

Ranson Financial2022-09-29T01:56:25-05:00September 29, 2022|News|

Shawnee city manager will resign, citing city council’s ‘different vision’

Nolan Sunderman will leave his job as Shawnee city manager on November to take a position in another city in the Kansas City area, he confirmed to the Post on Tuesday. On Monday, Sunderman told Shawnee Mayor Michelle Distler between two regularly scheduled city council meetings and emailed councilmembers that he would be leaving the job he’s held for the past four years, with his last day to be Nov. 1. Key quote: “It was a difficult decision for me,” he said. “I’ve thoroughly enjoyed working and living here in Shawnee.”
Source: Prairie Village Post

Ranson Financial2022-09-29T07:38:22-05:00September 29, 2022|News|

Lenexa residents will get chance to weigh in on new name for renovated Indian Trails pool

Voting will begin Friday on a new name for Lenexa’s Indian Trails Aquatic Center, as the city prepares for major renovations at that pool. What are the choices? For a three-week period beginning Friday, voters can choose their favorite new name for the pool from three possibilities: Lenexa Splash at Sar-Ko-Par Trails. Sar-Ko-Par Aquatic Center. Sar-Ko-Par Splash Aquatic Center. The process: Whichever choice gets the most votes will become the new pool name.
Source: Prairie Village Post

Ranson Financial2022-09-29T01:53:44-05:00September 29, 2022|News|

County gets state boost to fix damaged detour roads

County roads damaged by detour traffic around a highway construction project at Moran will get a financial boost from the state. The Kansas Department of Transportation agreed to pay for road repairs to several rural roads in the vicinity, in particular Nebraska Road and 4200th Street. Mitch Garner, the county’s Public Works director, updated commissioners on a recent meeting with representatives of KDOT. The state agreed to pay $3,401 for patching work on a section of Nebraska Road, and another $11,316 for repairs to 4200 Street from Nebraska to New Hampshire roads.
Source: The Iola Register

Ranson Financial2022-09-29T07:39:40-05:00September 29, 2022|News|

Allen County Clerks ready for new roles

Allen County Clerk Sherrie Riebel retires Friday after serving 25 years in the role. … Shannon Patterson, who will become the new Allen County Clerk when Sherrie Riebel retires on Friday, had no hesitation when asked what has best prepared her for the role. “I had Sherrie for a teacher,” Patterson said. “She has taught me so much and she has been an amazing clerk, so I’m following in great footsteps and I hope I live up to it.” Riebel chimed in to say it’s all about cross-training.
Source: Iola Register

Ranson Financial2022-09-28T07:56:15-05:00September 28, 2022|News|

Municipal Bond Trends for September 27, 2022

The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.

Ranson Financial2022-09-28T07:53:39-05:00September 28, 2022|News|

Reno County to place alcohol drink opt-out rule on ballot Nov. 2023

A liquor by the drink opt-out, sparked by the efforts of Hutchinson business Sandhills Brewing Company to renew its state of Kansas liquor license, will be placed on the county’s November 2023 ballot…. K.S.A. 41-2646 states that drinking establishments such as Sandhills make at least 30% in annual profit from food sales. The law allows the board of commissioners to submit a question to the voters, following either the adoption of a resolution or upon receiving a valid petition from citizens.
Source: Hutch News

Ranson Financial2022-09-28T07:42:36-05:00September 28, 2022|News|

Salina hoping to build 150 duplex townhouses, using grant

The City of Salina is looking for any opportunity to help alleviate the current housing situation, with another state resource currently being considered after approval by the City Commission. During its meeting Monday, the commission approved a resolution to submit an application to the Kansas Housing Resources Corporation for the state’s 2022 moderate income housing (MIH) grant program for a development that is expected to have 338 housing units.
Source: Salina Journal

Ranson Financial2022-09-28T07:40:42-05:00September 28, 2022|News|

10-Year Treasury Yield Hits 4%

The yield on 10-year U.S. government bonds hit 4% for the first time in more than a decade Wednesday, the latest leg of a historically steep rise that has jolted financial markets this year. Yields, which rise when bond prices fall, have been climbing at their fastest pace in four decades because of escalating expectations for how high the Federal Reserve will raise short-term interest rates to tamp down the worst inflation since the 1980s. … The yield on the benchmark 10-year U.S. Treasury note touched above 4% briefly in European trading hours, before slipping back. It was at 3.985%, up from 3.963% Tuesday and roughly 3.1% at the end of August. Through Monday, it had climbed nearly 2.5 percentage points this year, the largest increase over that period since 1981.
Source: WSJ.com: Markets

Ranson Financial2022-09-28T06:50:29-05:00September 28, 2022|News|

Fed’s Evans says he’s getting a little nervous about going too far, too fast with rate hikes

Chicago Federal Reserve President Charles Evans says he’s feeling apprehensive about the U.S. central bank raising interest rates too quickly in its quest to tackle runaway inflation. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Evans said he remains “cautiously optimistic” that the U.S. economy can avoid a recession — provided there are no further external shocks. His comments come shortly after a slew of top Fed officials said they would continue to prioritize the fight against inflation, which is currently running near its highest levels since the early 1980s.
Source: CNBC – Bonds

Ranson Financial2022-09-29T07:51:31-05:00September 28, 2022|News|

Services

Company