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Municipal Bond Trends for October 12, 2022

2022-10-13T06:14:40-05:00October 13th, 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.

Fed officials expect higher rates to stay in place, meeting minutes show

2022-10-13T05:53:07-05:00October 13th, 2022|

Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank's September meeting. In discussions leading up to a 0.75 percentage point rate hike, policymakers noted that inflation is especially taking its toll on lower-income Americans. They reiterated rate hikes are likely to continue and higher rates prevail until the problem is showing signs of resolving. Source: CNBC

Sedgwick County to support Wichita application for rail traffic study

2022-10-13T01:22:31-05:00October 13th, 2022|

Sedgwick County commissioners have agreed to support the City of Wichita in a grant application for a study of rail traffic that has caused delays along a major north side corridor. The Wichita City Council has approved a grant application to the U.S. Department of Transportation for a Reconnecting Communities grant program. The city is applying for $1 million to fund a study that will find solutions to the impact of rail traffic along 21st Street, from Waco to Grove. There are delays for traffic several times a day because of trains that have stopped to change crews or uncouple rail [...]

Atchison holds some of Kansas’ favorite haunts

2022-10-13T01:20:31-05:00October 13th, 2022|

Kansas is like every other state that has its share of haunting tales that make for wonderful road trips. Our dear Atchison is said to be the home of one of the most eerie hauntings recorded. Located on N. 2nd Street, the house looks normal. But it isn’t the looks of the house that is the problem, The Sallie House was built in the mid-1800s, commissioned by the Finney family and home to Dr. Charles Finney, he practiced medicine from the house, using the bottom floor for surgery and examination, and a bedroom as an office. The Finney family lived upstairs until moving out due [...]

Kansas to receive $17 million to help address the opioid crisis

2022-10-13T01:16:16-05:00October 13th, 2022|

Governor Laura Kelly announced Oct. 6 that the State of Kansas and the Kickapoo Tribe in Kansas (KTIK) have together received $17.2 million in federal grant funding to address the opioid crisis. The funding will be used to increase access to treatment for substance use disorders, remove barriers to public health interventions like naloxone, and expand access to recovery support services. “The opioid crisis impacts families across Kansas, which is why it’s critical that we make opioid treatment and prevention resources available in every community,” Gov. Kelly said. “This funding will help make that possible, and in doing so save lives [...]

Shawnee brewery awarded city loan to aid expansion

2022-10-13T05:55:25-05:00October 13th, 2022|

Servaes Brewing Company is getting ready to expand and were awarded with a $100,000 loan by the city to help. The council voted to award the brewery, located at 10921 Johnson Drive, a Shawnee Entrepreneurial and Economic Development (SEED) agreement that will help the company expand into their recently purchased acquisitions at 10919 and 10923 Johnson Drive. Servaes invested $750,000 to purchase the building and plan to put another $350,000 into renovations. The expansion would include new indoor and outdoor spaces for the brewery, including a venue rental space. Source: fox4kc.com | FOX 4 - WDAF

34 Kansas cities get funds to improve state highways

2022-10-13T06:09:34-05:00October 13th, 2022|

Thirty-four Kansas cities will receive a total of $28.65 million to make improvements to state highways in their communities. The grants come from the Kansas Department of Transportation’s City Connecting Link Improvement Program. KDOT was able to increase CCLIP funding by more than $10 million over previous years thanks to federal funds from the Bipartisan Infrastructure Legislation. The funds will be used to resurface or preserve road surfaces, add turn lanes, and make general and safety improvements to state highways within the city limits of each community. Here is a complete list of communities that will receive the grants. Source: KSN-TV

After successful Rural Rise Summit, Emporia Main Street readies for Kansas Main Street quarterly training session in town

2022-10-13T00:56:28-05:00October 13th, 2022|

Emporia Main Street is reporting a positive spillover effect from a recent national conference held locally. Following the Rural Rise Summit held in downtown Emporia late last month, Main Street Director Casey Woods says a lot of regional and national organizations are connecting with Main Street. Rural Rise brought a number of economic development entities and about 125 participants from across the country for networking and information. The conference actually sets the stage for the next economic development meeting Thursday and Friday at the Emporia Arts Center. Source: KVOE Emporia Radio

Osawatomie receives $1.5 million grant for pathways project

2022-10-13T00:55:19-05:00October 13th, 2022|

The city of Osawatomie has been awarded a $1.5 million state grant for an infrastructure pathways project to create a more walkable community. Osawatomie’s project, titled “John Brown South Levee Loop Connection,” includes plans for a crushed limestone pathway on top of the southern levee, and a 10-foot-wide multi-use concrete pathway loop through central neighborhoods that connects amenities and other destinations, according to a city news release. These pathways will promote a more active community, enhance the walkability of neighborhoods and school routes, and help to guide visitors from the Flint Hills Trail Mile Zero trailhead to the downtown district and [...]

Shawnee appoints Doug Whitacre as interim city manager while it searches for permanent replacement

2022-10-13T06:14:02-05:00October 13th, 2022|

On Monday, the Shawnee Governing Body announced a decision on the City’s Interim City Manager. After an Executive Session ended during a Special Call City Council meeting, the City Council voted unanimously to appoint Public Works Director Doug Whitacre to lead the organization during the City Manager transition. Whitacre has worked for the City as Public Works Director since December of 2015. Before coming to Shawnee, Whitacre held leadership roles in Topeka, McPherson and Embarq/Sprint. Source: City of Shawnee

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