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Municipal Bond Trends for January 11, 2022

2022-01-12T06:47:41-06:00January 12th, 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.

Rising interest rates tops list of muni concerns in 2022

2022-01-12T06:47:11-06:00January 12th, 2022|

Major challenges for the public finance industry abound but rising interest rates is the largest concern for business in 2022, market participants said in a Bond Buyer/Arizent Research survey. Nearly 60% of respondents said rising interest rates are their biggest worry, followed by regulatory requirements or changes at 45% and a lack of face-to-face communication and market volatility at 37% and 36%, respectively. Ongoing threats from the coronavirus, inflation and legislative inertia on muni issues in Washington, among other factors, also led a majority of those in municipal finance to believe a full economic recovery won’t be reached until at least [...]

Humboldt highlighted as a world top spot by New York Times

2022-01-12T06:41:06-06:00January 12th, 2022|

At the start of each year, the New York Times highlights places around the world folks should visit. The 2022 list features a place quite familiar to locals: Allen County’s own Humboldt. It seems the folks running the New York Times have discovered something we’ve known for quite a while now. Humboldt is a happening place to be. At the start of each year, the Times posts a travelog of sorts, highlighting places around the globe worth visiting. The list of 52 places released over the weekend — ranging from San Francisco’s Great Highway to Normandy, France, or the Daintree Rainforest [...]

Wichita BOE members can attend new meeting virtually, but cannot vote

2022-01-12T06:39:00-06:00January 12th, 2022|

The Wichita Board of Education (BOE) has rescheduled its meeting that was suspended on Monday night to be held Tuesday, Jan. 18 at 12 p.m. The meeting on Monday was suspended after the three new BOE members that were to be sworn in failed to comply with the mask mandate, requiring that all individuals ages three and above wear a face mask while in district buildings. ... If a BOE member does not wish to comply with the policy, they can participate in the meeting remotely. Per BOE policy 0200 (BOE Agendas and Meetings) AIP 10, they will not be able [...]

3rd dog killed in string of Parsons animal killings, police say

2022-01-12T06:38:14-06:00January 12th, 2022|

Parsons Police are now launching their third investigation into a string of animal killings that have been taking part in the city. In a release, PPD said on December 29th of last year they were notified of a dead animal found wrapped in a blanket near Felix and 17th St. Officers that visited the location found the animal with a blanket tied around its body. Given the circumstances of this case, and the part of town in which it was discovered, PPD asked the Parsons Pet Hospital to perform an autopsy on the deceased dog to determine its cause of death. [...]

Trail would connect 2 Kansas City, Kansas, history sites

2022-01-12T06:37:21-06:00January 12th, 2022|

Plans are underway to connect a Civil War-era commercial port on the Missouri river and a Kansas City, Kansas, park where Lewis and Clark once camped. KCUR-FM reports that the Northeast Kansas City, Kansas, Heritage Trail came to life when the Groundwork Northeast Revitalization Group partnered with the Unified Government to apply for a grant from the Mid-America Regional Council. They were awarded $108,000, supplemented by a $30,000 match from the UG. The south end of the trail will be Kaw Point Park, part of the Lewis and Clark National Historic Trail at the confluence of the Kansas and Missouri rivers. [...]

Kansas looking to ease sub shortage by lowering standards

2022-01-11T15:31:58-06:00January 11th, 2022|

As Kansas school districts clamor for relief from unprecedented teacher shortages, state education officials could soon loosen some requirements for people who want to work as substitute teachers. The Kansas Board of Education will hear a recommendation this week aimed at lifting – at least temporarily – a state requirement that subs have at least 60 hours of coursework at an accredited college or university. Mischel Miller, the director of teacher licensure and accreditation for the Kansas Department of Education, said the COVID-19 pandemic, combined with nationwide labor shortages and higher-than-average teacher resignations, have left schools scrambling to cover classrooms. Source: [...]

Kansas tax revenue in December surpasses estimate by $64 million

2022-01-11T15:30:11-06:00January 11th, 2022|

Supercharged revenue collections in December by the state Department of Revenue exceeded the monthly estimate by $64 million to expand the cash cushion available for tax reductions or spending investments by the 2022 Legislature and Gov. Laura Kelly. In the initial six months of the current fiscal year, the state treasury in Kansas deposited $4.28 billion from sources ranging from income and sales assessments to taxes on oil, tobacco and liquor. That has resulted in an unexpected mid-year addition of $83 million to the state treasury beyond the bullish estimate most recently updated in November. Source: Cowley CourierTraveler

Home COVID tests to be covered by insurers starting Saturday

2022-01-11T15:24:21-06:00January 11th, 2022|

Starting Saturday, private health insurers will be required to cover up to eight home COVID-19 tests per month for people on their plans. The Biden administration announced the change Monday as it looks to lower costs and make testing for the virus more convenient amid rising frustrations. Under the new policy, first detailed to the AP, Americans will be able to either purchase home testing kits for free under their insurance or submit receipts for the tests for reimbursement, up to the monthly per-person limit. A family of four, for instance, could be reimbursed for up to 32 tests per month. PCR [...]

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