The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Russell is more than just the hometown of Senator Bob Dole and a Main Street City. It is a community of 4,400 people who take care of each other. Part of the city’s vision is to be “a community that is truly dedicated to family, friends and neighbors where generations care for each other.” Russell is doing just that with its recent parks project completed in April 2022 with the assistance of a Community Development Block Grant. Katrina Woelk serves as the Finance Director and Treasurer for the City of Russell and has also been the local champion for the CDBG parks project. In addition to her daily city duties, Katrina has been putting together an asset management plan for Russell. This plan outlines the assets of the community and determines how those assets can be leveraged to address the greatest needs of the community.
Source: Kansas Department of Commerce
For assistance with grants and federal funding, please contact Rose Mary Saunders or Crystal Hinnen.
County commissioners started crunching numbers Monday as they began to look at a funding package for a new jail. Commissioners reviewed fund balances and looked at a list of commitments they have made for the federal American Recovery Plan Act funds that must be committed by 2024. They also discussed what type of cash balance they wanted to maintain for the county general fund moving forward.
Source: The Marysville Advocate
Governor Laura Kelly signed bipartisan legislation, Senate Bill 421, that transfers more than $1 billion from the State General Fund to the Kansas Public Employees Retirement System (KPERS). Senate Bill 421 will provide immediate and long-term benefits to the state by eliminating debt from the state’s balance sheets and reducing future employer contributions. “Balancing the budget, paying off debt and providing financial relief for Kansans has always been my top priority – and today we delivered on that promise,” Governor Kelly said. “We’re fixing the damage done to KPERS because our public service employees and retirees deserve their retirement fund to be replenished after the previous administration skipped payments to cover reckless tax policy.” SB 421 will provide immediate and long-term benefits to the state by reducing the debt owed to the fund and further enhancing the state’s historic financial strength.
Source: The Sabetha Herald
Secretary of State Scott Schwab commended the signing of election security legislation that he proposed earlier this year. The bill is one of the most significant election reform measures since Kansas adopted Voter ID in 2011. It will further strengthen state election law and provide voters with additional assurances regarding the security and integrity of Kansas elections. The bill makes the following improvements to the states already rigorous election laws: Election Equipment Security: Prohibits counties from using voting equipment that has the capability of being connected to the internet, requires the Secretary of State to certify electronic pollbooks, and establishes a deadline for counties to perform post-election tabulator tests. …
Source: The Sabetha Herald
Kansas’ state agencies are working with the federal government to “expedite relief” from the ongoing infant formula shortage, Gov. Laura Kelly’s office said Thursday. Kelly said in a statement that she has directed state agencies to “do everything in their power” to help Kansas families impacted by the shortage. “From increasing flexibility to helping eliminate barriers at check-out, my Administration is doing what is within our power to ease the impact of the national infant formula shortage on Kansas Families,” the governor said. The Kansas Department of Health and Environment (KDHE) will be the point of contact for the White House and federal agencies “to help coordinate efforts and eliminate red tape,” Kelly’s office said. The state agency has also approved “a series of waivers” to allow for more infant formula production in the state.
Source: Atchison Globe Now
Johnson County could soon be investing in a new affordable housing complex in Shawnee. Next week the Board of County Commissioners (BOCC) will consider issuing a $1 million loan to support the construction of the Hedge Lane Apartments. The apartment complex is a joint venture between Sunflower Development Group and Consolidated Housing Solutions. The developers intend to create a 144-unit apartment complex near 75th Street and K-7 Highway in Shawnee. Because of rising inflation and additional costs for labor and materials, developers are seeking out a loan to cover a gap in project funding. If approved, the loan from the county would cover roughly 3% of the $30.5 million project.
Source: fox4kc.com | FOX 4 – WDAF
Kansas is in line to receive as much as $69 million in additional federal support for small business development and entrepreneurship through a U.S. Treasury Department program used to support companies through the pandemic. The American Rescue Plan expanded the State Small Business Credit Initiative, or SSBCI, established in 2010 to assist businesses following the Great Recession from 2007 to 2009. The goal is to improve access to capital in rural and other traditionally underserved communities. States participating in SSBCI operate under the expectation each would generate business lending at least 10 times the amount of federal aid.
Source: The Miami County Republic
Lawrence city leaders say they are ready for the city to expand beyond its longtime border along Kansas Highway 10, and some are even interested in expediting that process by requiring areas to join the city instead of waiting for property owners to opt in. As part of its meeting Tuesday, the Lawrence City Commission received a presentation on a study of the infrastructure and service needs — anticipated to cost more than $100 million — to add an area generally west of K-10 to the city’s boundaries. A few commissioners explicitly said they were interested in moving forward with those plans and prioritizing westward growth, rather than in another area, and Commissioner Brad Finkeldei said the city should consider requiring certain areas to join the city, a process called annexation.
Source: LJWorld
Douglas County leaders on Wednesday granted their approval to commit millions of dollars in local funding, in partnership with the City of Lawrence, toward the future expansion of the South Lawrence Trafficway. The Douglas County Commission voted unanimously to send a letter to the Kansas Department of Transportation indicating the county’s willingness to match a portion of the $124,000,000 cost for what KDOT refers to as the “-03 project.” The project would widen the highway from two lanes to four lanes between Iowa Street and the Kansas Turnpike interchange. The Lawrence City Commission made its portion of the pledge on Tuesday. With the commitment from both the city and the county, KDOT will be able to move the project into its construction pipeline for a potential 2024 start.
Source: LJWorld
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