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The market has adjusted its views of how the Federal Reserve will raise interest rates

The Federal Reserve is expected to start raising interest rates next month and not slow down until well into 2023, though the slope of the increases might be a bit gentler. Events over the past week, including statements from multiple Fed officials and, to a lesser extent, geopolitical turmoil, have convinced markets that the first rate move will be just a quarter percentage point. That change came after traders had been pricing a move double that size at the March 15-16 Federal Open Market Committee meeting. Central bankers have been dousing the idea of needing to go up 50 basis points at the meeting, with New York Fed President John Williams saying last week that there is “no compelling argument” for the move.
Source: CNBC – Bonds

2022-02-24T07:55:11-06:00February 24, 2022|News|

Has the Prairie Village YMCA outlived its usefulness? The debate is on for JoCo spot

After shelving the matter during the COVID-19 pandemic, Prairie Village officials are again discussing a new community center. But the deliberations are wrapped up with other pending decisions about the city’s government/pool complex, as well as troubles facing the nearby Paul Henson YMCA at 79th and Delmar streets. John Mikos, president and chief executive officer of the YMCA of Greater Kansas City, told the City Council in mid-February that the Paul Henson Y — built more than 55 years ago — “has gone way beyond its useful life,” and is increasingly difficult to maintain. It’s been operating in the red for 18 months.
Source: Joco 913 News

2022-02-24T07:54:18-06:00February 24, 2022|News|

Douglas County voters will decide in November whether to expand 3-member commission to 5

Three affirmative votes Wednesday evening meant that thousands of Douglas County voters will soon decide whether the county commission should expand to five members. If all goes as planned, the commission will consider ballot language to put the question before voters for the Tuesday, Nov. 8 general election. The timeline is not terribly tight for the language of the question to be decided — commissioners must vote on the question before Sept. 1. After the election, however, if voters do determine that there should be two additional seats on the dais, the commission must adopt maps of new districts by Jan. 1, 2023.
Source: The Lawrence Times

2022-02-24T07:53:51-06:00February 24, 2022|News|

Newton holds first party, approves second bigger one

A large crowd of people gathered Tuesday evening to celebrate the city’s long-awaited Sesquicentennial. “May we never lose sight of what comes ahead,” Mayor Clint McBroom told the crowd as he addressed the city’s history. “Let’s remember to keep looking to what’s ahead.” Newton formed as a rail stop and cow town 11 years after Kansas became a state, only to grow into a location with a wild and rowdy reputation complete with saloons, bars, salacious entertainment establishments, and even a shoot-out that prompted the short-lived sobriquet of Bloody Newton. The city over the years has civilized but city leaders passed a proclamation at a city commission meeting held Tuesday to make 2022 a year to celebrate the city’s heritage. “Everyone is free to party and celebrate this entire year,” McBroom joked. The evening event had dancers, a symphony performance and other entertainment, which was the first course in planned celebrations.
Source: Harvey County Now

2022-02-24T01:46:19-06:00February 24, 2022|News|

Kansas House moves to make counties keep electing sheriffs

The Kansas House has approved a measure aimed at ensuring that counties don’t stop electing their sheriffs. The vote Wednesday was 97-24 on a proposed amendment to the Kansas Constitution declaring that sheriffs are elected to four-year terms. The constitution now says only that lawmakers will create county offices “as may be necessary.” The measure had far more than the two-thirds majority necessary for passage in the House. If the measure passes the Senate, it will go on the ballot in November for voters’ possible approval. Backers said electing sheriffs makes them more accountable to voters. Opponents said counties should be allowed to decide how to manage law enforcement. Under the proposed language, legislators could no longer change how sheriffs are selected by law. Counties have been electing sheriffs since 1857, four years before Kansas was admitted to the Union.
Source: Andover American

2022-02-24T01:43:01-06:00February 24, 2022|News|

Sedgwick County to lease downtown Wichita building for administrative offices

Sedgwick County commissioners have voted to approve a lease agreement for a building in downtown Wichita for a three-year-period.   The Ruffin Building at Douglas and Broadway will be used for the commission offices, the County Manager, the Clerk, the Treasurer, the Register of Deeds, the County Counselor, and the communications department. The move will free space in the courthouse for an expansion of courthouse space and the creation of more space for the District Attorney.  The expansion project is expected to begin later this year and would be finished in the spring of 2023.   It will allow the District Court to address a backlog of cases and provide space for a veterans’ court, a mental health court, and the addition of two judges and a magistrate judge.
Source: Country 101.3 KFDI

2022-02-24T01:36:45-06:00February 24, 2022|News|

WSU litter study finds room for improvement

A study on litter from Wichita State’s Environment Finance Center suggests there is room for improvement. The study was put together after people in the community voiced concern about the number of plastic bags seen floating around. People involved in this study looked at 12 city parks across Wichita, which came out to two parks per city council district. Study leaders say their findings were close to what was expected. “Wichita is a unique place, but our litter certainly is not unique,” said Michelle DeHaven, program manager at the EFC. “When we compare it to other litter studies, our study showed that Wichita’s litter is similar to what communities are experiencing across the country.” Of all the trash collected during pickup events, 47% was single-use plastics. “The majority of the plastic that we found was food and beverage containers — water bottles, Gatorade-type drinks, soda bottles, alcohol bottles, chip bags and wrappers that come off convenience foods at gas stations,” DeHaven said. “A second runner up was cigarette butts. We found cigarette butts all over the place.”
Source: Country 101.3 KFDI

2022-02-24T01:33:15-06:00February 24, 2022|News|

Amendment on sheriff elections proposed for KS Constitution

Many Kansas legislators want to make sure that counties don’t change the longstanding tradition of electing sheriffs by enshrining the policy in the state constitution. The Republican-controlled state House gave first-round approval Tuesday to a proposal to add language to the Kansas Constitution’s short article on county government to ensure that sheriffs are elected to four-year terms. A final vote was expected Wednesday. Only Riley County out of the state’s 105 counties doesn’t elect a sheriff. However, a commission in the state’s most populous county of Johnson County reviewed a proposal to appoint their sheriff, but ultimately decided against the change.
Source: Country 101.3 KFDI

2022-02-24T01:25:16-06:00February 24, 2022|News|

Some Kansas jails now allowing medical care for opioid addiction

A recent decision to let people continue treatment for drug addiction while in the Sedgwick County Jail in Wichita reflects a significant shift in thinking at Kansas sheriffs’ offices that is gaining momentum. Sedgwick officials no longer take people off of their prescriptions for medications such as buprenorphine when booked into jail. No one keeps a tally of how many Kansas jails allow incarcerated people with opioid or alcohol addictions to receive the combination of medication and counseling that can help them.
Source: Derby Informer | News

2022-02-24T01:20:27-06:00February 24, 2022|News|
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