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Economy

Gov. Mike Parson’s State Budget Proposal Calls More Higher Education Funding

Posted January 29, 2024 Universities and community colleges could receive a 3 percent boost in funding if the state legislature approves Missouri Gov. Mike Parson’s state budget proposal. During Wednesday's annual State of the State Address to the Missouri General… more

U.S. Economy Growth at 3.3 Percent Rate in Q4

Posted January 25, 2024 The U.S. economy accelerated beyond the initial prediction for capping 2023 as gross domestic product increases at a 3.3 percent annualized rate. GDP, a measure of all the goods and services produced in the U.S., increased… more

UMB Economic Outlook Forecasts Mild-Recession Mid-Year

Posted January 25, 2024 UMB Bank released its 2024 economic outlook pointing out several factors that could lead to a “choppy ride” for the year in addition to a mild recession. The 2024 economic outlook cites many crosscurrents, either current… more

Jackson County Legislators Override Frank White’s Veto on Stadium Sales Tax

Posted January 18, 2024 Updated January 23, 2024 Jackson County legislators voted 7-2 Monday to override County Executive Frank White’s veto of a stadium tax ballot question. The decision to override the veto means the 3/8th-cent stadium sales tax will… more

Palmer Square Subsidiary Enters New York Stock Exchange With $89M IPO

Posted January 18, 2024 Palmer Square Capital BDC Inc. announced its initial public offering and will begin trading on the New York Stock Exchange. Palmer Square Capital BDC arrived on the New York Stock Exchange on Thursday, under the symbol… more

Region Economy Remains Negative, Farmland Prices Index Drops

Posted January 18, 2024 Creighton University released its Rural Mainstreet Index (RMI) report for January, indicating moderate growth in the region but still failing to achieve an above-average rating. The region’s overall reading for January rose to 48.1 from 41.7… more

Fed Beige Book: Interest Rates Leads To Weak Loan Demand for Banks

Posted January 18, 2024 The Federal Reserve Board released its first Beige Book report of 2024, showing the Kansas City region’s consumer spending decreased across several categories and weak loan demand for multiple loan types. The Beige Book is a… more

Report: Kansas City, Overland Park Among Best Cities for Renters

Posted January 15, 2024 As the housing market continues to challenge those looking for a comfortable place to live, Kansas City is becoming more popular for individuals looking to rent, according to a report from RentCafe.com. The site released its… more

Analysis: How Long Will $1M in Retirement Savings Last in KS and MO

Posted January 10, 2024 Midwest states like Kansas and Missouri are among the top states where retirees with $1 million saved could get the most for their money, according to an analysis from GoBankingRates. The financial planning website used the… more

Jackson County Leaders Pass Chiefs, Royals Stadium Tax For April Ballot

Posted January 9, 2024 The Jackson County Legislature voted to place a stadium sales tax extension on the April ballot. Voters will decide whether or not to approve a 3/8th cent sales tax for 40 years with the Kansas City… more