Economy http://kmuw.org en Wichita Tops Abandoned Homes List http://kmuw.org/post/wichita-tops-abandoned-homes-list <p>A recent report listed Wichita as having the highest percentage of abandoned homes in foreclosure among the nation’s largest metro areas. KMUWs Abigail Wilson has more…</p><p></p><p>Of the 301 properties in foreclosure in Wichita right now, nearly half stand vacant and abandoned.</p><p>A June report by real estate information company <a href="http://www.realtytrac.com">RealtyTrac</a> says the properties, known as zombie foreclosures, are homes where the foreclosure process has been started, but never finished by the homeowner or the bank.</p> Tue, 15 Jul 2014 10:00:00 +0000 Abigail Wilson 37465 at http://kmuw.org Kansas Revenue Secretary: June's Missed Estimates Pushes Shortfall To Nearly $338M For 2014 http://kmuw.org/post/kansas-revenue-secretary-junes-missed-estimates-pushes-shortfall-nearly-338m-2014 <p>Kansas Revenue Secretary Nick Jordan says June’s tax collections missed estimates by $28 million, pushing the shortfall for the fiscal year that ended Monday to nearly $338 million.</p><p>Preliminary figures released Monday showed Kansas collecting nearly $5.5 billion in taxes and fees in fiscal 2014. Forecasters whose projections help the state build its annual budget had expected Kansas to take in about $5.8 billion during the year.</p> Tue, 01 Jul 2014 17:18:13 +0000 Associated Press 36787 at http://kmuw.org More Than 300 Kansans Will Recieve Payments From A Suntrust Banks Settlement http://kmuw.org/post/more-300-kansans-will-recieve-payments-suntrust-banks-settlement <p>Attorney General Derek Schmidt says more than 300 Kansas consumers will be eligible for payments under a settlement between 48 states, the federal government and SunTrust Banks Incorporated.</p><p>The U.S. Justice Department said Tuesday the $968 million settlement resolves allegations that SunTrust underwrote and provided faulty mortgage loans. The federal government accused SunTrust of giving borrowers false and misleading information and charging unauthorized fees.</p><p>The agreement is with SunTrust Mortgage, a Virginia-based mortgage lender and subsidiary of SunTrust Banks Inc.</p> Wed, 18 Jun 2014 16:44:59 +0000 Associated Press 36129 at http://kmuw.org Lawrence Is The Most Expensive Place To Live In Kansas http://kmuw.org/post/lawrence-most-expensive-place-live-kansas <p>New figures from the federal Bureau of Economic Analysis show that Lawrence is the most expensive metro area in Kansas.</p><p>The bureau’s report shows that although the city’s cost of living is lower than the national average, it’s higher than in any other metro area in Kansas.</p><p>Lawrence residents also earn less than residents in other Kansas communities.</p><p>The new figures are part of a project by the Bureau of Economic Analysis designed to give people a better idea of how much it costs to live in various metro areas.</p> Mon, 05 May 2014 19:52:15 +0000 Associated Press 34010 at http://kmuw.org Kansas Lawmakers Prepare For 2015 Fiscal Forecast http://kmuw.org/post/kansas-lawmakers-prepare-2015-fiscal-forecast <p>Kansas officials are preparing a new fiscal forecast to guide Governor Brownback and lawmakers in making budget decisions.</p><p>The forecasters include legislative researchers, members of Brownback’s budget stuff, Department of Revenue officials, and university economists.</p><p>They’re meeting this afternoon to revise earlier revenue projections for the current fiscal year and for the fiscal year beginning in July.</p><p>Since July 2013, the state has collected $141 million dollars more than anticipated.</p> Thu, 17 Apr 2014 16:48:24 +0000 Associated Press 33145 at http://kmuw.org Kansas Officials And Economists Meet To Determine Revenue Projections For 2015 http://kmuw.org/post/kansas-officials-and-economists-meet-determine-revenue-projections-2015 <p>Kansas officials and economists will gather next week to study revenue projections for the coming year.</p><p>They hope to find out if the state economy is growing and if tax receipts will keep government afloat.</p><p>Legislative leaders on gave differing views yesterday of what the projections for what the next fiscal year will look like, but agreed that the state faces challenges.</p><p>Tax collections through March were $130 million dollars above the forecasters’ November estimate.</p> Fri, 11 Apr 2014 15:43:01 +0000 Associated Press 32875 at http://kmuw.org State Jobless Rate Dips To 4.8 Percent For January http://kmuw.org/post/state-jobless-rate-dips-48-percent-january <p>A new Kansas Department of Labor report says the state's jobless rate dipped to 4.8 percent in January.</p><p>The department found that January's seasonally adjusted unemployment rate fell from the 4.9 percent recorded for December</p><p>The report also shows that total non-farm, private-sector employment in January topped 1.12 million--that's a gain of 20,500 jobs over the past year.</p><p>The state saw its most robust growth in construction.</p><p>61,000 people held jobs in January, compared with just over 55,000 in the January of 2013.</p> Tue, 18 Mar 2014 15:06:22 +0000 Associated Press 31648 at http://kmuw.org KS House Speaker Ray Merrick Vows To Focus On Economy http://kmuw.org/post/ks-house-speaker-ray-merrick-vows-focus-economy <p>Kansas House Speaker Ray Merrick says he'll be working to focus the chamber on economic issues for the rest of the legislative session.</p><p>Recently, some controversial bills in the House have caught national attention and criticism.</p><p>Merrick says he can't stop members from filing bills, but he can try to get lawmakers back to what he calls the basics.</p><p>"Making (Kansas) the most business friendly state in the country and emphasizing that the rest of the session," he says.</p> Mon, 24 Feb 2014 16:00:30 +0000 Stephen Koranda 30663 at http://kmuw.org Report: Kansas Could See Slightly Higher Job Growth In 2014 http://kmuw.org/post/report-kansas-could-see-slightly-higher-job-growth-2014 <p>Researchers at Wichita State University predict Kansas will see slightly higher job growth in 2014 than it did last year.</p><p>The Center for Economic Development and Business Research predicts employment will increase by 1.4 percent, or about 18,000 jobs.</p><p>Professional and business services are expected to see the biggest increase with more than 5,300 new jobs.</p><p>A net loss of 700 jobs is forecast for public employment.</p> Thu, 09 Jan 2014 15:47:26 +0000 Associated Press 28691 at http://kmuw.org State Jobless Rate Falls http://kmuw.org/post/state-jobless-rate-falls <p>Kansas labor officials say the state's unemployment rate dropped to 5.1 percent in November, its lowest mark in nearly five years. Thu, 19 Dec 2013 23:43:31 +0000 Associated Press 27890 at http://kmuw.org