Municipal Bond Trends for April 21, 2022

2022-04-22T07:02:51-05:00April 22nd, 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.

Cowley County commits to better worker pay

2022-04-22T06:57:22-05:00April 22nd, 2022|

Cowley County commissioners approved a new pay plan for county employees Tuesday night in front a packed meeting hall full of county employees. The pay plan was developed after a months-long process that involved a team led by county administrator Lukas Goff, county department heads and a study conducted by McGrath Human Resources Group. That study found 69 percent of the county’s pay scale was below average market pay rates, leading to a very high turnover in employees in every department over the past several years. The county’s goal now is to reach 50% of workers within the average market rate. [...]

Big Kansas Road Trip offers ‘adventures a la carte’

2022-04-22T06:52:41-05:00April 22nd, 2022|

Bourbon, Cherokee and Crawford in southeast Kansas will be the showcase counties for the Big Kansas Road Trip, May 5-8. Organized by the 501(c)(3) nonprofit Kansas Sampler Foundation and local county leaders, the event is designed to provide the public first-hand experiences with what there is to see, do, hear, taste, buy, and learn in these rural communities. People will choose what they want to do and when. There is no organized caravan or a single itinerary. A Big Kansas Road Trip color guide will be available at information centers in the three counties or people can go online to find [...]

Explore Southeast Kansas with a coloring book

2022-04-22T06:51:54-05:00April 22nd, 2022|

Explore Crawford County is introducing new coloring books focusing on various local attractions, not just in Crawford, but surrounding counties as well. The first issue of the books will debut at the upcoming Big Kansas Road Trip the first weekend of May. The idea for the coloring books is the brainchild of Chris Wilson, communications manager for Explore Crawford County (formerly the Crawford County Convention & Visitors Bureau). He has been developing the idea since before the pandemic. “The idea came when I saw coloring sheets at the Miners [Hall] Museum,” says Wilson. “They had these mining coloring books for the [...]

Salina’s mayor has found ways to serve the city he chose as home

2022-04-22T06:48:45-05:00April 22nd, 2022|

Despite not being born or raised in Salina, Dr. Trent Davis has done as much as he can to make the city better for the people and citizens he calls neighbors in this place he’s made home for the past 23 years. ... Even before being appointed to the Salina City Commission in 2014, to fill a vacancy at that time, Davis was already getting involved in making changes in the city that was relatively new to him “The organization I’ve probably worked the most with over the years (in Salina) has been the NAACP,” Davis said. ... Being involved in [...]

Recycling plants change waste into renewable products

2022-04-22T06:46:33-05:00April 22nd, 2022|

A recycling center that’s operated in South Hutchinson for a quarter-century, helping the environment by diverting trash from the county landfill into markets for reuse, has managed to keep up with the times. Earlier this year Stutzman Refuse Disposal (Stutzman Recycling) added robotics to part of its sorting line in response to industry demands for higher sorting purity. Another local recycling plant with an even longer history in Hutchinson also continues expanding, taking in more paper and cardboard waste every year and turning out dozens of products. But while plant upgrades have made it easier in many ways for residents to [...]

Fed’s Powell Seals Expectations of Half-Point Rate Rise in May

2022-04-22T06:26:22-05:00April 22nd, 2022|

Federal Reserve Chairman Jerome Powell signaled the central bank was likely to raise interest rates by a half percentage point at its meeting next month and indicated similar rate rises could be warranted after that to lower inflation. A rate increase in May, following the Fed’s decision to lift rates from near zero by a quarter percentage point last month, would mark the first time since 2006 that the central bank increased its policy rate at back-to-back meetings. A half-point increase would be the first such move since 2000. Source: Wall Street Journal

In Austin, TX sign spat, U.S. Supreme Court declines to strike down billboard regulation under First Amendment

2022-04-22T06:24:43-05:00April 22nd, 2022|

The Supreme Court on Thursday ruled that a city ordinance that treats signs differently depending on whether they have a connection to the site where they are located is content-neutral – that is, it does not regulate speech based on content – and therefore not subject to strict scrutiny, the most stringent constitutional test. By a vote of 6-3, the justices sent the challenge to the ordinance in Austin, Texas, back to the lower courts for them to consider whether the sign code can survive under a less rigorous test. The decision was a victory not only for Austin but also for the [...]

Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May

2022-04-22T00:39:49-05:00April 22nd, 2022|

Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month. “It is appropriate in my view to be moving a little more quickly” to raise interest rates, Powell said while part of an International Monetary Fund panel moderated by CNBC’s Sara Eisen. “I also think there is something to be said for front-end loading any accommodation one thinks is appropriate. ... I would say 50 basis points will be on the table for the May meeting.” Powell’s statements essentially meet market expectations that the [...]

State and local governments well-placed to withstand inflation

2022-04-22T00:37:37-05:00April 22nd, 2022|

The threat of an upcoming recession shouldn’t worry states and local governments who’ve already weathered COVID-19 related shutdowns, as many local governments are in the best fiscal shape they’ve ever been in. That’s according to panelists gathered on Wednesday for The Volcker Alliance and the Penn Institute for Urban Research’s briefing on inflation and recession for states and cities. “Given the ample rainy day funds that states have been able to accumulate and obviously a large part of that is due to the federal government support that has been provided throughout the pandemic in lots of different ways, directly and indirectly, [...]

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