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Some policy issues unresolved: Legislators debated past midnight before leaving Topeka

Kansas lawmakers left Topeka Saturday morning after advancing a rash of bills but without acting on some major pieces of legislation. … Legislators failed to pass the K-12 budget, opting to save the bill for when they return for veto session. … Tax policymakers repackaged dozens of proposals into three bills: one just on the food sales tax (HB 2106), another with smaller or less controversial tax cuts (HB 2239) and a third with larger or more controversial positions (HB 2597). Only HB 2239, a compilation of 29 different bills, was taken up by both chambers. It passed with bipartisan support. It would cut taxes by an estimated $91 million in fiscal year 2023, $100 million in 2024 and $120 million in 2025. The new food sales tax plan is not as aggressive as Kelly and fellow Democrats have pushed for. They wanted to axe the state’s 6.5% sales tax on groceries to zero, starting July 1. The plan negotiated by Republicans would gradually cut the rate to zero over three years, with the first cut to 4% not coming until Jan. 1.
Source: Salina Journal

2022-04-05T07:05:15-05:00April 5, 2022|News|

Prairie Village housing panel says city needs to be ‘part of solution’ to metro’s rising costs

Johnson County suburbs like Prairie Village need to “opt in” to being part of a metrowide solution to rising housing costs and inequities in home ownership. That was one of the key messages delivered at a special panel discussion on housing in Prairie Village Sunday, which continued the city’s ongoing conversations around attainable housing and diversity. The panel discussion, entitled “Housing in Prairie Village—Past, Present and Future” was part of an almost two-year-long effort by the city of Prairie Village to address housing and diversity issues. In surveys and in public meetings in recent years, Prairie Village residents — and Johnson Countians more generally — have consistently reported housing costs as one of their biggest concerns.
Source: Prairie Village Post

2022-04-05T01:24:33-05:00April 5, 2022|News|

Signals point to retail return to munis, for now

Municipals were steady to firmer in spots Monday, while U.S. Treasuries strengthened inside five years but key parts of the curve remained inverted while equities ended in the black. Triple-A municipal yield curves were relatively stable, while the two-, three-, five- and seven-year UST were still sitting above the 10- and 30-year. More activity surfaced in the municipal market on Monday as the first full week of the second quarter got underway and after last week ended with more of a bid from retail accounts. “We have seen some pretty good situations coming out on the longer end; the maturities have a firmer tone compared to last week,” a New York trader said Monday afternoon. The overall appetite for municipal bonds, he said, picked up noticeably at the end of last week.
Source: The Bond Buyer

2022-04-05T01:22:14-05:00April 5, 2022|News|

Lawrence businesses ready to face KU crowds

Downtown Lawrence bars said this is one of their busiest days of the year and they’re ready to face the big crowds on Mass St. While they were preparing for the crowd, people waited in line for hours until the bars opened. “I got out here at 10:30 and I was the third person in line,” KU fan Jacki Becker said. The bars anticipated the madness after the turnout they had during Saturday’s game when the Jayhawks beat Villanova. Sean Donnely at Louise’s in Downtown said they over prepare for a day like this.
Source: fox4kc.com | FOX 4 – WDAF

2022-04-05T01:20:39-05:00April 5, 2022|News|

Think the roads look trashy? MoDOT and KDOT say they don’t like it either and they’re looking for workers to help

The departments of transportation for both Missouri and Kansas want you to know — they see it, too. Officials with MoDOT and KDOT have been getting call after call from people all complaining about the same thing — trash. And, they don’t like it either. But it’s not an easy fix right now. Officials with KDOT say most of the state’s complaints come from the Kansas City core metro area where there’s a high volume of traffic. In Missouri, officials said the department spends more than $1 million on cleanup in our area alone each year, but it’s not enough. “Across the state, we’re facing a staffing shortage that impacts our litter pickup efforts,” said Matt Killion, Assistant District Engineer for MoDOT. Both departments are facing the same problem — they don’t have enough workers to pick up all of the trash.
Source: KMBC.com

2022-04-05T01:14:23-05:00April 5, 2022|News|

29 buildings to be razed for Topeka viaduct

Plans call for 29 buildings to go under the wrecking ball to clear the way for the project, aimed at eliminating a sharp curve atop the Polk-Quincy Viaduct on Interstate 70 in downtown Topeka. A chart and map sharing the details were provided to The Capital-Journal by the Kansas Department of Transportation, which remains in the process of acquiring those properties. “Due to ongoing negotiations, we cannot provide information about what was paid for the properties,” said Kelly Kultala, KDOT’s public affairs manager for northeast Kansas. KDOT plans “total acquisition” of 41 properties, it said.
Source: CJonline

2022-04-04T07:52:43-05:00April 4, 2022|News|

Making downtown thrive: A new stage means more things to enjoy for Salinans

Making downtown thrive is a high priority for Salina Downtown. Last week, the organization came one step closer to helping Santa Fe Avenue remain a thriving artery – they moved onto the downtown street. … Along with the city, Salina Downtown is helping to open up a performance stage at Santa Fe Avenue and Ash Street. This stage is expected to open May 6, with a Salina Arts and Humanities event. On May 7, Visit Salina will have the sculpture unwrap event, featuring 23 sculptures.
Source: Salina Journal

2022-04-04T07:51:21-05:00April 4, 2022|News|

See the celebration in downtown Lawrence as fans celebrate KU Final Four victory

The University of Kansas men’s basketball team is moving onto the NCAA National Championship game. Here’s a look at some of the scenes from downtown Lawrence on Saturday as KU beat Villanova in the national semifinal game. Check back for more updates as tens of thousands of fans are expected in the downtown area following the KU game.
Source: LJWorld.com

2022-04-04T07:42:07-05:00April 4, 2022|News|

Markets will be looking for clues from the Fed ahead, as historically strong month gets underway

The stock market is heading into what promises to be a volatile second quarter, but April is traditionally the best month of the year for stocks. The major indices were higher in March, but they turned in a weak performance for the first quarter, the worst since the pandemic. Investors have been worried about rising interest rates, the war in Ukraine and inflation, which was made even worse by disruptions in commodities exports from both Russia and Ukraine. … The Dow was off 4.6% for the first quarter, while the S&P 500 was down 5%. The worst performer by far was the Nasdaq, down 9.1%. In the past week, the Dow and S&P were slightly negative while the Nasdaq was flat. Interest rates also moved dramatically during the quarter, with the benchmark 10-year Treasury yield temporarily touching a high of 2.55% in the past week, after starting the quarter at 1.51%. On Friday… the 2-year yield, which most reflects Fed policy, was at 2.43%. The 2-year was yielding 0.73% at the beginning of the year.
Source: CNBC – Bonds

2022-04-04T07:08:49-05:00April 4, 2022|News|
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