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.
Customers of Kansas’ largest natural gas utility could be paying off costs from February’s deep freeze for the next 10 years, the company revealed Friday. The Kansas Gas Service, which serves more than 640,000 Kansas customers, filed plans with regulators to issue securitized bonds for approximately $390 million in extraordinary costs from the cold snap — plus carrying costs — and recoup the sum from customers over five, seven or 10 years, increasing residential bills by anywhere from about $5 to $11 per month. If the Kansas Corporation Commission doesn’t approve the arrangement, KGS said it would request to recover the costs over three years “to minimize the carrying costs” of the debt. Its plans come after Black Hills Energy announced in June that its customers bills would increase by an average of $12.23 per month for five years to recover what amounted to a year’s worth of gas charges in one month.
Source: Derby Informer | Area
Wichita is poised to buy part of the former Southeast High School as the site for a new Patrol East police substation, but there’s a disconnect between the city and school district over potential public use of a running track at the site. The city is expected Tuesday to buy five acres of open property for $218,000, to replace the dilapidated Patrol East station at Cypress Park. Mayor Brandon Whipple said Friday morning he’s not expecting much, if any, opposition when the plan comes before the council.
Source: Local News | Wichita Eagle
Sedgwick County jail deputy Caleb Harris no longer needs to ride his bicycle to work. Harris, a U.S. Marine Corps veteran and recent transplant from California, began working at the jail earlier this year after being homeless with his wife. Their luck seemed to be turning. Then the car they used to live in broke down. It was the same vehicle their first child was born in. So Harris started riding his bike to and from work, a 22 mile round trip. Officers found out about the hardship of their colleague and decided to raise money to help his family, the Sedgwick County Sheriff’s Office said Friday in a Facebook post.
Source: Local News | Wichita Eagle
Anybody who remembers the 1970s remembers the Great Inflation, when retirees on fixed incomes struggled to make ends meet. They probably also remember what happened next, when the Federal Reserve under Paul Volker tightened the money supply, driving down prices by driving down the economy, forcing two recessions that lowered consumer spending and increased unemployment. For the last four decades, inflation has been not much more than a bad memory for most people. This year, however, it has reappeared as a cause for concern. Fear of a return to 1970s-style inflation is driving calls for a retreat from the free-spending goals of the Biden administration, which some Republicans claim have overheated the economy. They are calling for Federal Reserve Chairman Jerome Powell to do what Volker did, and raise interest rates to cool demand. That would be a mistake.
Source: The Iola Register
Many areas of the state are experiencing hazy conditions, and some are wondering if a nearby fire is taking place. What you’re experiencing is from a fire – but not from nearby. Fires in the Pacific Northwest are sending smoke across the nation, including Kansas.
Source: WIBW News Now
Governor Laura Kelly announced a new, updated summary document created from recommendations in KSDE’s Navigating Change: Kansas’ Guide to Learning and School Safety Operations as a reference guide and tool for schools ahead of the start of classes. The document continues the state’s practice of mirroring guidance from the Centers for Disease Control and Prevention (CDC). In addition to the guidance, Governor Kelly and KSDE are encouraging school districts to submit requests for ELC Grant Funds. The state of Kansas received $87 million to fund equipment, testing, and medical staff to help prevent the spread of COVID-19 in schools.
Source: hiawathaworldonline.com
Prairie Village’s public works department is eager to move into its new $10 million facility at 3535 Somerset Drive. The new building, which replaced the decades-old facility at the same location, features a solar panel array, state-of-the-art heating and cooling systems, a washing bay for trucks, a garage with several ports and more. As final touches are being made, the new facility is on its way to achieve Leadership in Environment and Energy Design, or LEED, Platinum certification — the highest rating possible for measuring a building’s environmental impact.
Source: Prairie Village Post
Bouncing over the sand sage-covered hills in his pickup truck, rancher Stacy Hoeme combs the shortgrass prairie of his ranch searching for leks — the mating grounds of the lesser prairie chicken. Despite being one of the bird’s biggest champions and most successful conservators, Hoeme opposes putting the bird on the federal threatened species list. “I just want them to maintain the birds,” he said. “It’s a big hassle when they get listed for the ranchers.” The small, Nerf football-sized bird has become an unlikely proxy in a 26-year tug-of-war between industry and conservationists and their competing visions for how to use the riches of America’s Great Plains.
Source: KCUR News
The legacy of a Lenexa firefighter will live on to help others, years after his death. Kansas Governor Laura Kelly signed the Michael Wells Memorial Act Monday morning. The new legislation is named after Lenexa firefighter Michael Wells. It expands benefits to families of firefighters and other first responders who lose a loved one due to service-connected conditions, like cancer. Wells passed away in September 2019 from esophageal cancer. He died two days after his 39th birthday. At the time of his death, Wells’ family wasn’t eligible for the same benefits as other fallen first responders because his death wasn’t considered a line-of-duty death.
Source: KSN-TV
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