info2022-07-13T08:04:27-05:00July 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.
info2022-07-12T22:47:13-05:00July 12th, 2022|
Federal Reserve Bank of Richmond President Thomas Barkin kept his options open on how big the central bank should go when it raises interest rates later this month, following an increase of 75 basis points in June. “I am one of the guys who like the option value of deciding the week of the meeting as opposed to two weeks before the meeting,” he told reporters Tuesday after a speech in Charlotte, North Carolina. “But I thought Jay’s guidance the last time was very sound. We’ll get a little bit more information before the meeting and importantly we’ll get CPI. I’ll [...]
info2022-07-13T08:00:36-05:00July 12th, 2022|
At the end of June, Governor Laura Kelly announced the creation of the Kansas Infrastructure Hub, which will coordinate Kansas state agencies and local entities as they administer and apply for funding available through the federal Bipartisan Infrastructure Law (BIL). The Hub will identify statewide and regional infrastructure priorities, strategize as to how to maximize investment opportunities, and promote best practices in securing and distributing funding. Kansas is set to receive close to $3.8 billion in direct funds for transportation, water, energy, and broadband projects. Kansas could potentially receive more by applying for competitive grants. “Infrastructure creates opportunities, powers businesses, keeps [...]
info2022-07-12T22:32:08-05:00July 12th, 2022|
The City of Merriam has approved the redevelopment of a former Kmart building. The former Kmart site, located at 8703 Shawnee Mission Parkway, just east of Interstate 35, has sat vacant since the store closed in 2013. Plans for the $136 million mixed-use project include four restaurants, two apartment complexes, retail space and a parking garage. The developer was asking for $30 million in incentives to help subsidize the project. The existing Freddy’s Frozen Custard & Steakburgers and Krispy Kreme in the northwest corner of the property will remain, as will the La Petite Academy in the southeast corner of the [...]
info2022-07-13T08:01:37-05:00July 12th, 2022|
A new design for the Indian Trails Aquatic Center in Lenexa that prominently features a lazy river, slides and diving boards has begun to take shape as the city considers how to increase attendance and cost recovery at its four swimming pools. What’s going on? City councilmembers recently took a look at a conceptual plan offered by architectural firm Confluence. The plan is the product of more than four years of study and public input that also included a survey of 430 school children. According to the answers from students at five elementary schools, the top most requested feature was a lazy river, followed by [...]
info2022-07-12T22:19:50-05:00July 12th, 2022|
Some Kansas families will not have to pay enrollment fees this school year. On Monday, the Dodge City Board of Education voted in favor of eliminating them for all students in Kindergarten through 12th grade, effective immediately. This includes fees for textbooks and learning materials. The superintendent says the decision came after a discussion about the large number of families who qualify for free or reduced meals, adding that this could help ease the financial burden for many. "I'm certain that it will be appreciated far and wide by a large majority of our community, and it has to benefit families, [...]
info2022-07-12T07:52:23-05:00July 12th, 2022|
High in a tree in Lawrence’s South Park, a wooden box is secured to a branch, offering a home for honeybees that would otherwise have trouble finding one. The swarm rescue boxes have recently been placed in 16 City of Lawrence parks, so far helping to catch and relocate 17 swarms of honeybees. Leading the effort is Robert Brooks, who has a Ph.D. in entomology, or the study of insects, and proposed the bee rescue program to the city and volunteers his time to the project. A single swarm can contain thousands of bees, and Brooks said the program is helping [...]
info2022-07-12T07:49:51-05:00July 12th, 2022|
The 13th annual Finney County Historical Museum’s Flea Market Festival was well attended. The Historical Society’s largest event of the year was held Saturday from 8 a.m. to 2 p.m. just south of the museum inside Lee Richardson Zoo. Steve Quakenbush, executive director of the Finney County Historical Museum, said he estimates approximately 3,000 people came through the gates on Saturday. A little past the four-hour mark, Quakenbush said it seemed like the crowd was turning over periodically and they were seeing more and more people. Source: GC Telegram
info2022-07-12T07:43:40-05:00July 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.
info2022-07-11T23:30:21-05:00July 11th, 2022|
Federal Reserve Bank of Atlanta President Raphael Bostic said the U.S. economy can cope with higher interest rates and repeated his support for another jumbo move when the central bank meets later this month. “Right now I’m pretty comfortable,” he told reporters in a conference call Monday. “I’m confident that the economy will be able to withstand this next move. I would support a 75 basis-point” increase. Policy makers pivoted to aggressively lifting interest rates this year as they work to tame the hottest inflation in four decades, a shift they acknowledge could slow U.S. economic growth and weaken the labor [...]
