JONESBORO, Ark. (KAIT) – The city of Jonesboro presented its plan to improve the lives of residents in the city to the Finance Committee on Tuesday, Sept. 10.

The Finance Committee’s agenda included a resolution to begin the formal pricing process for future bond ordinance legislation.

It was forwarded to the city council.

Jonesboro Chief Administrative Officer Brian Richardson said the investment plan would be funded through a revenue bond.

“It is simply taking a revenue stream that we already receive that the state allows to allocate that money towards future debt. The revenue bonds come from franchise fees that businesses pay to the city of Jonesboro,” he said.

What exactly is in this Capital Investment Plan?

Just over $25.5 million was to be invested over the next three years in several projects. The plan was tabled earlier this year.

Richardson said there were a few changes between this plan and the old one.

“So we took that that feedback, and really spent a lot of time developing and adding more and more detail to the proposed expenditures to”

Some of the biggest projects in the plan include:

· $6.5 million investment in a facility that will be next to the police department that will house E-911 service.

· $6 million to expand South Caraway Road to five lanes from I-555 to Fox Meadow Lane

· $5 million in trail connections.

· $2 million for a new sidepath on Race Street from Red Wolf Boulevard to Browns Lace.

· $250,000 for sidewalks and lighting.

· $3.25 million for aquatic and pool construction.

· $1 million for a Parks Master plan implementation.

· $500,000 for humanitarian outreach.

· $250,000 for upgrades at The Forum.

· $750,000 for a city-wide master growth plan.

· $250,000 for Land Bank & Development Incentives.

The city wants a revenue bond to fund $17.5 million of the projects and $8.25 million in ARPA (American Rescue Plan Act) fund to fund the projects.

The total cost would be $25.75 million.

Richardson said safety was a reason why they wanted to bring the plan forward now.

“The earlier that we start the process, the sooner these projects are done, the sooner that we can get pedestrian infrastructure on South Caraway Road, the better chance we have it saving a life out there,” he said. “We want to make sure that we build the quality of life in Jonesboro.”

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4:05 p.m. ET Joe Mazzola, Schwab Head Trading and Derivatives Strategist
4:15 p.m. ET Michael Ng, Goldman Sachs Senior Equity Research Analyst
4:40 p.m. ET David Konrad, KBW

With the presale of Rexas Finance (RXS) officially launched on September 8, 2024, the project has garnered significant attention from the cryptocurrency community, alongside heavyweights like Bitcoin and Shiba Inu. This article explains why Rexas Finance is trending and why investors are so excited about this Real-World Asset (RWA) tokenization platform.

But before we dive into that, let’s take a quick look at why Bitcoin and Shiba Inu have been trending:

Why is Bitcoin Trending?

Bitcoin is currently trending due to several key factors contributing to its sharp price decline. The anticipated Federal Reserve rate cut in the U.S., expected in mid-September, has created uncertainty in the market, with analysts predicting a potential 15-20% decline in BTC’s price, pushing it down to the $40,000-$50,000 range. Also,  substantial outflows from Bitcoin ETFs, amounting to $287.8 million, reflect institutional reluctance to invest amid the current downturn, further intensifying bearish sentiment. These combined factors, along with decreased activity in Bitcoin addresses, have led to a significant drop in price, and market sentiment has shifted to “extreme fear,” contributing to Bitcoin’s continued presence in the headlines.

Why is Shiba Inu Trending?

Shiba Inu is trending due to a significant increase in whale activity, signaling potential shifts in market perception. In the last 24 hours, approximately 1.9 trillion SHIB tokens were transacted, reflecting a surge in large transactions. Data shows there were 98 large whale transactions within a day, with a peak of 100 transactions on September 4, 2024. This uptick in whale activity suggests that major holders are regaining interest in SHIB, which could indicate potential price movements or increased market volatility. Historically, large transactions by whales often lead to increased volatility, and such movements are closely watched by investors for signs of future price action. The rise in whale interest is an indicator that Shiba Inu might be regaining traction in the market.

What is Rexas Finance?

Rexas Finance is a platform that uses blockchain technology to turn real-world assets like real estate, art, and commodities into digital tokens. This process is called tokenization. By doing this, Rexas Finance makes it easier for people to buy, sell, and trade these assets in a way that’s similar to trading stocks. The platform is designed to be user-friendly, allowing anyone to participate, whether they’re experienced investors or new to the financial world. Essentially, Rexas Finance aims to make investment opportunities more accessible and transactions more efficient and secure for everyone.

Here’s an exploration of Rexas Finance in light of its dynamic ecosystem:

Core Components of the Rexas Finance Ecosystem

1. Rexas Token Builder: This tool enables users to create digital tokens representing ownership or stakes in real-world assets without needing extensive technical knowledge. This democratizes the process of asset tokenization, making it accessible to a broader audience.
2. Rexas QuickMint Bot: Integrated with popular messaging platforms like Telegram and Discord, this feature allows for the quick creation and trading of tokens. It simplifies user interaction with the platform, making tokenization as easy as sending a message.
3. Rexas GenAI: Utilizing artificial intelligence, Rexas GenAI automates complex processes such as generating and managing digital art for NFTs. This not only enhances creativity but also lowers the entry barrier for users without a background in art or technology.
4. Rexas AI Shield: Security is paramount in asset tokenization. Rexas AI Shield uses advanced AI algorithms to perform real-time audits and security monitoring, ensuring that all transactions are secure and transparent, and maintaining the integrity of the platform.
5. Rexas Treasury and DeFi: This component optimizes the financial transactions within the ecosystem, utilizing decentralized finance (DeFi) principles to enhance yields, manage liquidity, and provide funding mechanisms that are secure and efficient.

Why is Rexas Finance Trending?

1. Strong Presale Performance: The remarkable achievement of crossing the $200,000 mark on day one of the presale highlights the strong investor confidence in Rexas Finance. This response is indicative of the platform’s robust appeal and the potential it holds within the burgeoning field of asset tokenization.
   
2. Market Optimism and the Coming Bull Run: With signs pointing towards a potential bull run, investors are eagerly searching for opportunities that promise substantial returns. Rexas Finance, with its innovative approach to making real-world assets like real estate and art more accessible and liquid through blockchain technology, is seen as a particularly attractive option.
   
3. Innovative Investment Opportunities: Rexas Finance is not only catering to seasoned investors but is also attracting a new wave of tech-savvy participants. Its platform simplifies the investment process in traditionally illiquid assets, making it a go-to option during a time of positive market sentiment.

Implications for Investors

The strong start to the presale suggests that investor interest in Rexas Finance is high and could continue to grow as the presale progresses. Potential investors are advised to consider entering early to capitalize on the initial momentum and secure their position before the anticipated market surge.

Conclusion: A Strong Contender for the Next Big Crypto

With its innovative approach to RWA tokenization, a comprehensive and secure ecosystem, and early investor advantages, Rexas Finance is well-positioned to become one of the top-performing cryptos in 2024. As Bitcoin and Shiba Inu lead the market in their own ways, Rexas Finance is making a name for itself by transforming asset management and trading on the blockchain. Early participation in the RXS presale could be a game-changing opportunity for investors looking to get in on the ground floor of the next big crypto trend.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.