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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Apr 29, 2003
Page
5
In Topeka the Senate Ways and Means Committee endorsed delaying some school aid as a budget balance move tied to renewing the state property tax levy for schools. The bill would shift the $213 million June 15 payment to July 1, sending it to the full Senate and House for final action.
Regulators allege firms and their analysts publicly praised select stocks to boost investment banking business, continuing a settlement discussion on research disclosure and conflicts of interest.
Planning discussions lay out primary gateways at 1 35 intersections with U S 59 and K 68 with others shifting in importance as U S 59 rebuild moves forward. Economic development housing annexation and feeder streets are debated as public input continues through summer with more hearings planned.
Investors in several states may receive portions of the settlement. Missouri is set to get 7 million, and the secretary of state’s office will collaborate with the SEC to identify individual investors who lost money amid the brokerages’ perceived misconduct.
Corcoran-Basso and Brant announced Kansas will allocate its portion of the settlement to the general fund to cover a budget shortfall. The reform aims to separate research from firms' investment banking and ensure analysts are not paid for banking work, improving investor protections and objectivity.
Franklin County Sheriff Davis and commissioners study a vehicle contract while Brown County reports a year-long delivery target. Gilkey cites possible faster sourcing through a Kansas dealer but warns delays may force action after 10 months in some towns. Dowell questions whether North Carolina law applies amid unclear contract terms.
Economists expect unemployment to tick up to 5.9 percent in April from 5.8 percent in March. Fed Chair Greenspan plans to testify as Greenspan aims to steady the economy while officials anticipate tax cuts to aid growth.
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