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Municipal Bond Trends for February 8, 2021

2021-02-09T08:26:13-06:00February 9th, 2021|

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.

Diving into western Kansas’ water issues

2021-02-09T08:23:12-06:00February 9th, 2021|

Water flows freely and easily in parts of Kansas. But in other locations, the splash and splatter of a river is far less frequent. A heavy downpour, though often prayed for by farmers, is rare. Edwards, Ellis, Russell and Stafford counties sit at the bullseye of a major water issue. A wildlife refuge needs water for its migrating birds, farmers need water to manage their crops, industry needs the commodity to increase capacity and local municipalities, Hays and Russell, need water for their citizens. In January, with the help of U.S. Sen. Jerry Moran, Quivira National Wildlife Refuge, by actions of [...]

Yield on 30-year Treasury Hits 2% for First Time Since Pandemic

2021-02-09T08:18:43-06:00February 9th, 2021|

The yield of the 30-year U.S. Treasury bond pushed past 2% Monday for the first time since February 2020, before the coronavirus pandemic roiled government-debt markets. The move comes amid a recent surge in yields of longer-term Treasury bonds compared with short-term debt, as traders bet that government stimulus will accelerate a rebound in economic growth. Bond investors closely watch the differential between interest rates on short and longer-dated Treasurys as a bellwether for growth and inflation, both of which can push bond yields up as the Federal Reserve raises short-term rates and investors demand higher returns to lend out capital. [...]

Sedgwick County outlines opposition to property tax relief bill

2021-02-09T08:14:13-06:00February 8th, 2021|

A bill in the Kansas House to provide property tax relief to businesses closed or limited in capacity by county regulations will be met with opposition by Sedgwick County at a Tuesday hearing. Commissioners met in a special meeting Monday morning to talk about the county's response to House Bill 2142, a one-page bill that would enable businesses shut down or limited in capacity by county orders to seek property tax reimbursement for those months. Sedgwick County manager Tom Stolz said that could mean as much as a $50 million blow to the county's $198 million general fund, a hit that would cause [...]

Wheatland Electric provides $5K to Great Bend for housing study

2021-02-09T08:14:20-06:00February 8th, 2021|

Wheatland Electric Cooperative Inc., is providing $5,000 to Great Bend Economic Development to assist with a local housing study. As a member-owned cooperative, Wheatland Electric is guided by several cooperative principles, including concern for community, according to a company news release. This principle encourages us to work toward the sustainable development of the communities we serve.  The housing assessment, which will be completed by RDG Planning & Design, a national firm, is designed to encourage affordable, safe housing in the Great Bend community. The study, which will cost approximately $10,000 total, will take at least 60-90 days to complete, according to [...]

Small Kansas town spotlighted in Super Bowl commercial

2021-02-09T08:14:57-06:00February 8th, 2021|

A small Kansas town taking center stage as one of Sunday nights most popular Super Bowl commercials. Bruce and Donna Fiene light up with pride watching their hometown of Lebanon, the center of the U.S., be put on the map in front of 100 million Americans watching the Super Bowl. And a very famous face, Bruce Springsteen, showing up in their little corner of Kansas, and in his first ever commercial, sharing a message of unity. Source: KAKE - News

Sedgwick Co. Commission opposes bill that would reimburse some businesses’ property taxes

2021-02-09T08:15:26-06:00February 8th, 2021|

The Sedgwick County Commission is against a bill that would force counties to reimburse some business owners for actions taken during the coronavirus pandemic. Some counties have forced businesses to shut down or limit the number of customers during the pandemic, but those businesses still had to pay property taxes during that time. Kansas House Bill 2142 would let the businesses request and get reimbursed. On Tuesday, Feb. 9, the Sedgwick County Board of Commissioners is submitting testimony in opposition to the bill. The county said in a letter it appears to undermine the efforts, as the board of health, to [...]

Salina moves Smoky Hill River Festival to September

2021-02-09T08:15:33-06:00February 8th, 2021|

Mark your calendars for a new month for the popular Smoky Hill River Festival in Salina. It will now be Thursday to Sunday, September 2-5, Labor Day weekend. The Salina Arts and Humanities consulted with City of Salina staff and officials before making the change. It was originally scheduled for June 10-13. Uncertainty about the coronavirus and COVID-19 vaccinations played a part in deciding to move the festival to September. The concern was that public-health conditions might still be in flux in June. Source: KSN-TV

Wichita schools drop Redskins mascot from North High

2021-02-09T08:15:38-06:00February 8th, 2021|

Wichita North High School will drop the use of its Redskins mascot. The Board of Education, in a unanimous vote, decided to end the mascot’s use over a two-year period. “We have a wonderful opportunity to correct a past wrong,” said board president Stan Reeser. A committee created by Wichita Public Schools to study the mascot determined: “the term is offensive to Native Americans and the Native American Culture. The term is racially and culturally insensitive.” Starting next school year, the district will start removing “Redskin” from athletic and fine arts uniforms, jerseys and facilities, as well as school-related activities and [...]

Cold snap could bring longest stretch of subfreezing days since 1983, NWS Wichita says

2021-02-09T08:15:43-06:00February 8th, 2021|

If the frigid weather continues into next week, portions of Kansas including Wichita could see their longest stretch of subfreezing days in nearly 40 years. The National Weather Service in Wichita tweeted Monday that below-freezing temperatures are “looking probable” through at least Feb. 17. If that happens, “it’ll be the longest number of consecutive sub-freezing days for many locations across central and eastern Kansas since December 1983,” the tweet says. Source: Local News | Wichita Eagle

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