Municipal Bond Trends for May 23, 2022

2022-05-24T07:39:45-05:00May 24th, 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 rate-hike pause in September may ‘make sense,’ Bostic says

2022-05-23T23:56:04-05:00May 23rd, 2022|

Federal Reserve Bank of Atlanta President Raphael Bostic said policy makers could potentially pause interest-rate increases in September after hiking by a half point at each of their next two meetings. “I have got a baseline view where for me I think a pause in September might make sense,” Bostic told reporters Monday following a speech to the Rotary Club of Atlanta. “After we get through the summer and we think about where we are in terms of policy, I think a lot of it will depend on the on-the-ground dynamics that we are starting to see. My motto is observe [...]

Johnson County to vote on $1 million loan for Shawnee affordable housing project this week

2022-05-23T23:53:02-05:00May 23rd, 2022|

The Johnson County Board of County Commissioners will vote Thursday on whether to invest $1 million in affordable housing in Shawnee. At last week’s regular meeting, the board was asked by developers for $1 million of community support funds to help construct the Hedge Lane Apartments in Shawnee. The project is a joint venture between Sunflower Development Group and Consolidated Housing Solutions. The apartment complex would have 144 units and be located on Hedge Lane Terrace in Shawnee. If the board approves the loan, units would likely be available to tenants by next spring or summer, Jay Leipzig, director of Planning, [...]

Wichita police officers now carrying Narcan, help stop overdose

2022-05-23T23:42:23-05:00May 23rd, 2022|

“A car pulled in the driver flagged down the sergeant and said 'help me, my friends dying'.” This was the scene Friday at the patrol west police substation in Wichita. Wichita Police Captain, Travis Rakestraw says a Sargent with the department immediately ran over to the car. He determined that the passenger was overdosing on a fake painkiller, potentially laced with Fentanyl. Rakestraw says that sergeant proceeded to use Narcan on the 20-year-old. “He applied two doses to this individual who within a very short amount of time started to come out of it became responsive and breathing better.” This moment [...]

Benefit concert held for Andover Tornado relief

2022-05-23T23:36:30-05:00May 23rd, 2022|

Artists and vendors didn't hesitate to pitch in. "There was no hesitation. We enjoy getting paid at times, but we believe in giving back. All of the bands that are here today are donating their services. We were honored to be asked to assist," Mike Furches, a musician at the concert said Sunday. "Wichita is a blessed community. We are not the only band here. There are like 12 other bands here. Musicians generally are people that care. We care about the victims. Thankfully, there was no loss of life, but there was loss of property. We want those families in [...]

New Kansas law will let Walmart, Gatik put autonomous vehicles on the road

2022-05-24T07:35:34-05:00May 23rd, 2022|

Autonomous vehicle company Gatik and its customers, including retail giant Walmart, now will be able to put medium-duty driverless delivery vehicles on the road in Kansas after Gov. Laura Kelly’s signing of a bill last week. The law allows fully autonomous trucks — meaning without a human safety driver in the cab — and makes Kansas the 25th state to pass such legislation, Gatik said in a release announcing the expansion of its operations into Kansas. An “autonomous vehicle advisory committee” the law created will launch to provide standards, education and training, Forbes reports. The new statute applies to more than simply Gatik, which [...]

How one airline leaving small Kansas airports could deal a blow to the state’s rural economy

2022-05-24T07:35:59-05:00May 23rd, 2022|

The COVID-19 pandemic hit air travel hard. The number of canceled flights skyrocketed, airlines hemorrhaged billions in losses and a lack of passengers turned once-bustling airports into ghost towns. For rural airports like the one in Hays — not bustling, but critical in their own way — the shutdowns hurt that much more. At the height of 2020’s stay-at-home orders, just 29 people flew out of Hays Regional Airport in the entire month of April. Time and again, airport director Jamie Salter said, some planes would take off with no passengers at all. “There were some times they’d come and they’d [...]

Public Works held final debris pick up day for tornado victims

2022-05-23T23:26:21-05:00May 23rd, 2022|

It's been more than three weeks since an EF-3 tornado touched down in Andover and parts of Sedgwick County, destroying many buildings and homes in it's path. Since that day, it's been a team effort as volunteers, crews, and city workers work to clean up the devastation. Monday marked the last day the City of Andover and Sedgwick County public works employees were in the areas to pick up debris. For some homeowners in Andover, all that remains is carpet, walls, mattresses, refrigerators, and toilets. Public works employees take what remains to the landfill. "It's been a lot of work. I [...]

Arma shows why it’s the ‘French Cookie Capital’

2022-05-23T23:25:09-05:00May 23rd, 2022|

Southeast Kansas was keeping tradition alive Sunday with cookies. The Miner's Hall Museum opened its doors for A Taste of Arma. It's the second presentation part of the museum's quarterly exhibit exploring the history of city. Today focused on the history of French cookies in Arma. The original Belgi Galette French cookie iron you see here was replicated in Arma and Pittsburg. It helped the cookie gain popularity within the community, especially during weddings and Christmas. According to today's presenter Rachelle Mengarelli, this helped make Arma the French cookie capital of Kansas. Source: KSNF/KODE

Wichita schools will see an increase in lunch prices, but help may be available

2022-05-24T07:37:12-05:00May 23rd, 2022|

The price of school lunch will increase by 25 cents in the Wichita district this fall. USD 259 operations divisions director Fabián Armendáriz said the decision was not made by the district, but at the federal level by the United States Department of Agriculture. “USDA, which oversees school lunch programs, basically states that we need to analyze meal pricing every year in order to remain compliant ... Because of increased cost of food, our average cost to produce meals has increased; so we are looking at a 25-cent increase on all levels in order to remain solid and compliant,” Armendáriz said. [...]

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