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JoCo cities are boosting lifeguard pay but still struggling with shortages

2022-03-22T08:27:49-05:00March 21st, 2022|

Pool operations across Johnson County could once again look different this summer due to some cities’ ongoing shortage of lifeguards. At the same time, some other cities that experience lifeguard shortfalls last summer have been boosting pay in an effort to avoid that situation again. Following limited operations in both 2020 due to the COVID-19 pandemic, some local municipalities — including Roeland Park, Prairie Village and Shawnee — adjusted summer pool hours in 2021 because of lifeguard shortages and other pandemic-related limitations. This summer, some cities say they are still struggling to fully staff pools, while others are on track to [...]

Grocery stores in St. Paul, Iola and Mildred featured on CBS News [VIDEO]

2022-03-21T21:37:13-05:00March 21st, 2022|

Millions of Americans are facing a growing problem of so-called food deserts. With America's rural population shrinking, grocery stores in many of those areas are closing. At least 40 million Americans live in food deserts nationwide. In rural areas, that means residents live at least 10 miles from a grocery store and 20% are low-income. Unlike many grocery stores in rural America, St. Paul, Kansas has one that will never shut its doors. James and Kelly Voorhies run the only local market, but the city owns it — a unique arrangement to keep food available. Source: CBS News

Downtown Hutchinson continues to grow

2022-03-21T07:43:21-05:00March 21st, 2022|

About a decade ago, downtown Hutchinson had more empty buildings than full, with at least every other storefront without a restaurant, office space or retailer. Today, only a few buildings remain vacant or underdeveloped, with more than 50 new businesses moving in since 2017. The Hutchinson/Reno County Chamber of Commerce and multiple small businesses worked to continue the success of downtown, bringing out of town traffic and locals into their shops. “It’s been a great experiment in leveraging local support from the city. Our Chamber resources and partnerships who want to be part of making a vibrant place that people want [...]

Kansas school professionals in short supply

2022-03-21T07:42:48-05:00March 21st, 2022|

As a school psychologist in Olathe, Lina Kitson is part of the team of teachers, administrators and support staff that diagnose and intervene when a student might start showing mental or behavioral health issues. “People often miss mental health as being a part of our role,” she said. “But it’s a big part, and we provide mental health supports either directly or indirectly.” It’s a busy job, especially since she splits her time between two elementary schools, or about 800 students total. Even then, she knows she has it relatively easy, at least compared to some of her colleagues across the [...]

Concerts, conventions bring visitors to Topeka

2022-03-21T07:41:01-05:00March 21st, 2022|

Concerts, conventions, drag races and demolition derbies regularly draw large numbers of visitors to Topeka, said Mike Bell. A list of some of the most popular of those gatherings was shared with The Capital-Journal by Bell, who is vice president of sports sales and marketing for Visit Topeka Inc., the city’s official destination marketing organization. Bell added that Topeka will break new ground in terms of encouraging tourism next month by doing something it’s never done before — hosting a travel conference. Source: CJonline

Wrongfully convicted man sues Kansas county for $93 million

2022-03-21T07:38:48-05:00March 21st, 2022|

A Kansas man who served 23 years in prison for a double murder he did not commit is seeking $93 million in damages from the county where he was convicted and a former detective he says framed him. Lamonte McIntyre, 45, and his mother allege in a lawsuit filed in 2018 that the Unified Government of Wyandotte County and Kansas City, Kansas, is responsible for the actions of former Kansas City, Kansas, police detective Roger Golubski and other officers involved in his prosecution. A federal judge on Thursday set a Nov. 7 trial for the civil case. The Unified Government wants to have [...]

Kansas lawmakers ask for help to keep SkyWest longer

2022-03-21T07:38:20-05:00March 21st, 2022|

Kansas lawmakers in Washington have asked Transportation Secretary Pete Buttigieg to step in to help Kansas towns that are losing SkyWest service... SkyWest Airlines is terminating United Express service at Salina, Hays, Dodge City and Liberal. It notified the U.S. Department of Transportation (USDOT) that it intends to terminate service at 29 locations in nine states.... U.S. Senators Jerry Moran and Roger Marshall and U.S. Representative Tracey Mann (Kansas 1st District) are urging Buttigieg to require SkyWest to continue its contracted level of service until a new carrier is secured. Source: KSN-TV

Municipal Bond Trends for March 18, 2022

2022-03-21T07:28:39-05:00March 21st, 2022|

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.

St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year

2022-03-20T21:17:53-05:00March 20th, 2022|

St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week's Fed meeting, Bullard said in a statement that he would like to see the central bank's benchmark interest rate boosted above 3% from the near-0% level where it had stood. Following its two-day meeting, the Federal Open Market Committee on Wednesday said it would raise overnight rates for banks 0.25 percentage points. Source: CNBC - Bonds

Summers says Fed will need to hike to 4%-5% to beat inflation

2022-03-20T21:15:04-05:00March 20th, 2022|

The U.S. Federal Reserve will need to raise interest rates higher than officials are currently projecting if it is to wrestle inflation back under control, former U.S. Treasury Secretary Lawrence Summers said. While the central bank this week increased its benchmark rate by 25 basis points for the first time since 2018 and saw the potential for six more such hikes this year, Summers said central bankers still seem to underestimate the stubbornness of price pressures and will likely need to eventually push borrowing costs higher than inflation.“Ultimately we’re going to need 4%-5% interest rates, levels they’re not even thinking of [...]

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