Randy Smith officially hired to lead Cowley College

2022-07-08T07:34:11-05:00July 7th, 2022|

The Cowley College Board of Trustees hired Randy Smith to become the next president of the college starting Monday. The board held a short meeting Wednesday to approve a contract with Smith. The meeting followed a farewell reception in the Wright Room for current president Dennis Rittle, who will become president at Northwest Arkansas Community College next week. Source: The Arkansas City Traveler

Summer Virtual Education Series, Free to All City Clerks in Kansas (sponsored by CCMFOA)

2022-07-07T13:55:03-05:00July 7th, 2022|

First Session: July 13 from 1 p.m. to 2 p.m. Expert Stacy Jaramillo with the Kansas Department of Administration, will share budget best practices, Revenue Neutral Rates and general reminders for budget submission. We'll also have a County Clerk on the line to help with any additional questions. Save the date for additional sessions: August 25 from 1 p.m. to 2 p.m. September 22 from 1 p.m. to 2 p.m. October 20 from 1 p.m. to 2 p.m. Series sponsored by City Clerks and Municipal Finance Officers of Kansas. All CCMFOA members will be eligible to submit for CMC/MMC points with an assessment for education. [...]

Muni rates fall as focus turns to potential recession

2022-07-07T07:12:25-05:00July 7th, 2022|

Municipals rallied Wednesday, ignoring a selloff in U.S. Treasuries, after the Federal Open Market Committee meeting minutes reiterated the Fed's position it would raise rates 50 to 75 basis points at its July meeting to stave off inflation. Equities ended slightly up. Municipals were in their own lane Wednesday and triple-A yields fell four to 10 basis points, depending on the scale, while the two-, three-, five- and seven-year USTs rose above the 10-year, with some in the market seeing the FOMC minutes as dated now that the focus has turned the focus to a potential recession away from inflation concerns. [...]

Municipal Bond Trends for July 6, 2022

2022-07-07T06:56:56-05:00July 7th, 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 sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say

2022-07-07T01:29:29-05:00July 7th, 2022|

Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. In raising benchmark borrowing rates by three-quarters of a percentage point, central bankers said the move was necessary to control cost-of-living increases running at their highest levels since 1981. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of 1 percentage point. "Participants concurred that the economic outlook warranted moving to a restrictive stance of policy, [...]

Fireworks compromise seen as successful in Barton County

2022-07-07T06:59:09-05:00July 7th, 2022|

The Barton County Commission at a special meeting last Thursday approved allowing rural county residents to shoot fireworks on Sunday, July 3, in addition to Monday, July 4, as was allowed under the county’s current resolution. “We made a lot of people happy with that,” said District 5 Commissioner Jennifer Schartz, speaking during the commission meeting Wednesday morning. It was a compromise between allowing fireworks for the week leading to the Fourth and no change at all reached after much discussion with a host of fire chiefs from around the county. “We need to use that as a starting point for [...]

North Newton’s electric car charging station gets work out in era of high gas prices

2022-07-07T06:50:09-05:00July 7th, 2022|

As gasoline has seen a dramatic rise in price, North Newton drivers are putting their city electric car charging station to good use. The city of North Newton installed two electric charging stations located at the city hall in 2019. The stations cost $4,000 with half the amount donated by a private donor, city administrator Kyle Fiedler said. “I would say the stations are used steadily for sure,” he said. “We see a group of regular vehicles here on a regular basis,” In 2021, the stations provided a total of 496 charges to residents with electric-powered vehicles with 1,936 kWh of [...]

Brown County puts Wind Energy Moratorium in place

2022-07-07T06:50:33-05:00July 7th, 2022|

The Brown County Commission met Thursday morning for the regular end-of-month meeting, and after much discussion, the group took a vote that brought the culmination of months of discussion regarding wind energy, agreeing to a Wind Energy Moratorium by a 2-1 vote.... With the moratorium now passed, the commission will move on to selecting a company to help create their Comprehensive Plan, and then begin working on zoning regulations. Source: hiawathaworldonline.com

Peabody and Hillsboro work together to keep water flowing to customers

2022-07-07T06:52:04-05:00July 7th, 2022|

...sometimes, the customer has no idea just how close to a crisis they were and how very hard their cities worked to keep them from ever having to experience the slightest inconvenience. This happened in Marion County recently when the water plant had an issue beginning on June 15 with a 24-inch valve, which restricted flow of water into the distribution system. The approximately 40-year-old valve likely had a gasket come loose and wrap around the internal valve mechanism. ... Thanks to the quick thinking of Water and Wastewater Superintendent Morgan Marler and all the teamwork of the Peabody and Hillsboro [...]

Kansas governor orders flags flown at half-staff in honor police officer who died

2022-07-07T01:15:44-05:00July 7th, 2022|

Kansas Gov. Laura Kelly has ordered flags in Kansas to be flown at half-staff next Tuesday to honor a police officer who died while on duty. St. Marys Police Department officer Mark Lamberson died unexpected while he was on duty on Saturday, July 2. Police Chief Derek Cid said the is leading the investigation. Foul play is not suspected.  “I am directing flags statewide be flown at half-staff to honor Officer Mark Lamberson, a valued member of the Saint Marys Police Department,” Gov. Kelly said. “My thoughts are with Officer Lamberson's family and the entire Saint Marys community as they mourn [...]

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