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.
Philadelphia Federal Reserve President Patrick Harker joined the chorus of central bankers warning about inflation and the interest rate hikes needed to control rising prices. In remarks Wednesday, the policymaker said he is worried about an inflation rate running at its highest level in 40 years. He anticipates the Fed will respond by raising rates and reducing the level of bonds it is holding on its balance sheet. “Inflation is running far too high, and I am acutely concerned about this,” Harker told the Delaware State Chamber of Commerce. “The bottom line is that generous fiscal policies, supply chain disruptions, and accommodative monetary policy have pushed inflation far higher than I — and my colleagues on the [Federal Open Market Committee] — are comfortable with,” he said. “I’m also worried that inflation expectations could become unmoored.”
Source: CNBC – Bonds
After a four-hour public hearing of speakers solidly in support of solar energy development, the Johnson County Commission voted to send proposed solar farm regulations back to the county planning commission with suggestions that would make them less restrictive. The 6-1 decision, with Commissioner Charlotte O’Hara the lone vote against, takes aim at three proposed rules that govern: how big a solar farm could be, how long it could be in operation and how close it could be to a city limit. Those three items were made more restrictive during a politically charged planning commission meeting late last year and have since been criticized as being so unfriendly that they would discourage all solar development in the county.
Source: KCUR News
The Kansas Emergency Rental Assistance program is accepting applications for rent, utility and internet assistance from tenants and landlords who have experienced financial hardship during the COVID-19 pandemic. Known as KERA, recent updates have allowed the state to serve more Kansans, according to a news release from the Kansas Housing Resources Corporation. Here are the changes: Eligible households may receive up to 18 months of assistance — an increase from the previous 15-month maximum; Recipients may receive a lump sum of $900 in past-due or future internet assistance — an increase from the previous $750 limit; and Households that have endured financial hardship at any point during the pandemic may now qualify for assistance.
Source: The Lawrence Times
Manhattan city commissioners on Tuesday approved moving forward with the Museum of Art and Light project despite questions emerging about its impact on historic aspects of downtown. The commission unanimously overturned the Historic Resources Board’s denial of the planned museum. In addition to disagreeing with the board’s view that the nonprofit museum would have a harmful effect on the Downtown Historic District, commissioners also cited that the $44 million museum would generate too much economic benefit to stop it now. During its March 28 meeting, the board voted to deny the project 3-2, finding that the project, set to be built on Third Street between Houston and Pierre streets, would damage or destroy historic resources. Board members said they were concerned about the museum’s height relative to other buildings in the immediate area. Plans call for the museum to be 65 feet tall.
Source: themercury.com
About 12 percent of Marshall County’s children live at or below the federal poverty level. For a family of four, that means an income of $27,750. About 2 percent of children here live in extreme poverty, far below the federal level. Marysville school district’s teachers and other staff spent a morning learning a little about what that’s like recently during a poverty simulation conducted at a workshop in the Marysville Junior High gym. The educators, who took on the roles of young mothers, elder grandparents, teen-aged fathers, and other caregivers, spent a few hours trying to figure it all out and finding a way to get by. Those interviewed afterward found the experience helpful.
Source: The Marysville Advocate
ElevateEdgerton!’s new EDGE Grant program has exceeded expectations. Within just three weeks of launching the new Residential and Commercial Beautification program, ElevateEdgerton! has awarded all $5,000 set aside for 2022. Property owners applied for a wide variety of property façade improvements, totalling $29,000 in total project costs. “ElevateEdgerton! is extremely honored to be able to invest back into the community and help residents fund these type of improvement projects. Sometimes just a little extra bit of help can be the deciding factor and we are humbled with the interest we had in this program,” said James Oltman, ElevateEdgerton! president.
Source: Gardner News
Municipals sold off Wednesday, with triple-A benchmarks being cut up to 12 basis points across the curve, while U.S. Treasuries strengthened on the front end but the long-bond hit year highs and equities ended in the red. The Federal Open Market Committee meeting minutes show “the doves have left the building,” said Edward Moya, senior market analyst at OANDA, after the FOMC announced it expects a $95 billion per month balance sheet reduction, with analysts forecasting announcement and reduction beginning in May. “The Fed is worried about inflation spreading and that suggests they will remain aggressive a while longer even when growth concerns start to emerge later in the year.”
Source: The Bond Buyer
Discussions on wind energy are heating up at the county level. The Brown County Commissioners have spent some time in discussions about the possibility of wind energy farms that could come into the county. While Commissioner Bill Pollock has made it clear he is against any wind energy farms coming into the county, Commissioners Lamar Shoemaker and Richard Lehmkuhl are interesting in hearing from county residents. Several years ago there was a town hall meeting about proposed wind energy in the large courtroom at the courthouse, and the commissioners have discussed holding something similar again as the topic continues to arise.
Source: County Government | hiawathaworldonline.com
New Harvey County Finance Director Shannon Kingsley returned to her old stomping grounds. The Newton resident said she left her job as an internal financial auditor for Sedgwick County because she loved the community where she lives. She last worked for Harvey County in 2005 as the planning and zoning director. “I had some good experiences in the past and I am excited about the opportunity to come back here,” she said. Kingsley said she left in 2005 because the planning and zoning director position was part-time and she wanted to pursue a job that was more in alignment with her education. She earned a bachelor’s degree in business administration with an emphasis in accounting from Wichita State University. She said her job for Sedgwick County was more finance-centric, based on Sedgwick’s sheer size.
Source: Harvey County Now
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