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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Mar 09, 2013
Page
5
The report shows unemployment at a four year low as cuts bite growth, with Moody's Analytics estimating a half point drag on 2013 growth and about 30,000 fewer hires monthly from April to September. Credit to auto sales and housing, with Dow up 67 to 14,397, as wages rise 4 cents to 23.82 with 2.1 percent yearly gain.
Local real estate shows rising prices year over year with longer time on market. Garden City Bank notes 30 year loans at 3.625 percent and 15 year at 2.75 percent while refinancing grows. In 2012 332 homes sold with average $129,072 after 115 days on market. most financing conventional or FHA. Finney County saw 290 sales in 2011 at $121,086 with FHA financing dominant. Judge says gains are slow and sales take longer, but the area stayed stable through the housing bubble.
USD 457 officials recommend an alternative calendar increasing to 178.5 days to cover Wednesday hours, with other ideas like 1 hour 50 minutes of development every other Wednesday. Teachers worry about parent confusion and the impact on in-service days. Next year returns to a prior concept where optional days arise from hours earned through outside in-services. The first day of school is Aug 19, 2013, following Aug 21, 2012 start.
Brig. Gen. Donald MacWillie described steps to mitigate automatic spending cuts, including training changes and civilian furloughs for about 2,700 Fort Riley employees. Unpaid time could begin in April and last through September, causing up to a 20 percent pay reduction. He stressed limited flexibility and potential further gatherings if more cuts occur, while noting Fort Riley hosts 18,000 soldiers and families. No soldiers attended the briefing.
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