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.
Forecasters have raised their outlooks for a recession and boosted their inflation outlook as the Federal Reserve faces the quandary of fast-rising prices and greater uncertainty from Russia’s invasion of Ukraine, according to the latest CNBC Fed Survey. The probability of recession in the US was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey. The chance of a recession in Europe stands at 50%. Respondents debated whether the recent surge in commodity prices would prompt the Fed to raise rates faster because it adds to inflation or raise rates less because they reduce growth. “The tax impact of higher commodities prices is likely to slow the pace of hiking more than the inflationary impact is to accelerate it,” wrote Guy LeBas, chief fixed income strategist at Janney Montgomery Scott.
Source: Economy
Governor Laura Kelly today announced Fagron Sterile Services’ (FSS) new expansion in Wichita which will result in more than 150 new jobs and $20 million in capital investment over the next three years. “International investment is an important economic driver for Kansas, and we are proud to work with Fagron in support of their continued growth in Wichita,” Governor Laura Kelly said. “Through Fagron’s expansion, Wichita and surrounding communities will see the benefits of continued economic growth. My administration will keep investing in the tools that make Kansas the best place in the nation to do business.” Fagron Sterile Services U.S. recently released multiple new health care product lines and developed RFID enabled syringes, resulting in rapid business growth and sales. To support this accelerated demand, the company, based in Belgium, will expand its current facility in Wichita to produce and store these new products.
Source: Kansas Department of Commerce
Pottawatomie County residents will have the opportunity in the month of May to dispose of unwanted passenger tires and refrigeration appliances at no cost. County Commissioners approved an amnesty month specific to those materials. County Sanitarian Scott Schwinn says it’s been a successful program in the past. “Here we’re asking to do a cleanup which rather than one day, gives people a full month to try to come in and get rid of some of the stuff would sit around with water in it,” he said. “There’s still some old refrigeration stuff out there that is still dangerous to children and others who might get to playing in them.” The program will be open to Pottawatomie County residents from May 1 to May 31. All non-passenger vehicle tires will be collected at half the normal rate of charge. Free disposal of refrigeration appliances also are included. Schwinn explains what that constitutes.
Source: 1350 KMAN
Hiawatha City Administrator Mike Nichols will be leaving the City on April 6, after offering his resignation at Monday night’s meeting. Nichols has secured the same position with North Kansas City, Mo., and will begin on April 11 after serving the City of Hiawatha since December of 2013. Nichols briefly addressed his departure at Monday night’s meeting of the Hiawatha City Commission. His last commission meeting will be on March 28.
Source: City Government | hiawathaworldonline.com
Both recent efforts and looming deadlines led the Derby City Council to move forward – on multiple fronts – in pursuit of hiring more firefighting personnel at its meeting on March 8. Firstly, the city council approved authorization of a contract for a fire staffing study through AP Triton (at a total cost of $29,831), something City Manager Kiel Mangus reported has not been done since Derby shifted to a full-time department in 2005. In 2021, the city applied for a Staffing for Adequate Fire and Emergency Response (SAFER) grant from FEMA to hire three additional full-time firefighters with the intent of adding a position at Fire Station 82 and expanding the total full-time firefighters on shift to nine. Currently, eight full-time firefighters serve per shift – five at Fire Station 81 and three at Fire Station 82.
Source: Derby Informer
Property owners in Wyandotte county can expect to see their home appraisal values in the mail soon, and most can expect the value of their property to go up. According to Wyandotte County Appraiser Matthew Willard, 96% of homes in the county will see an increase in value. The county’s overall median home price went up 17% in 2021 in comparison to the previous year. The average home sale price is $206,176 and the year over year increase is 13.20%. … The market is hot. One of the main factors driving up home values is the lack of supply in the housing market. Willard said that on average a healthy market should have around six months of residential supply, but in 2021 the county’s market had less than one month in residential inventory.
Source: KC Star Local News
The City of Topeka will receive $1.7 million to help fund its homeless housing and service program from the U.S. Department of Housing and Urban Development. According to a City of Topeka spokesperson, along with an additional $51,737 in planning funds, this cash will go to Topeka’s Shelter Plus Care program. This announcement comes just one day after the city said their homeless population had increased since 2021 with its Point in Time Homeless Count. “Shelter Plus Care helps around 240 households on a given month,” Corrie Wright, Division Director of Housing Services for the City of Topeka, said. “This renewal of funding can help some of those unsheltered individuals in the community, as that number is increasing.”
Source: KSNT News
City of Topeka leaders are meeting tonight to discuss drawing new city council districts. Each district in the city needs to have around 14,000 people in it. Two city districts don’t have enough to meet that number at the moment and three of them have too many. Districts 1 and 2 in Topeka each need an additional 600 people to balance out the map. District 1 Councilwoman Karen Hiller says redistricting is about more than the numbers. “That redistricting commission looks at the numbers but they also look at what are the natural boundaries,” Hiller said. “Whether it’s the river or the interstate or neighborhood areas that are contiguous that we want to keep together if we can.”
Source: KSNT News
With fewer people applying to become police officers than in years past, unfilled positions remain a major concern for some local departments in Johnson County. The problem is due to a variety of factors, according to officials the Post talked to. Some agencies attribute their vacancies to the typical cycle of attrition as officers retire and transfer to other departments. Others are growing their forces and adding new positions that have yet to be filled. Still others say that fewer people want to become police officers for various reasons, including negative perceptions of the profession, which are exacerbating staffing challenges.
Source: Prairie Village Post
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