info2022-02-07T07:20:56-06:00February 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.
info2022-02-07T07:19:52-06:00February 7th, 2022|
The latest plans to redevelop the former Sunflower Army Ammunition Plant into a massive new industrial business center survived a challenge this week from one Johnson County leader critical of a major tax incentive component of the project. The vote by a majority of the Board of County Commissioners on Thursday to support the project effectively clears the path for a series of construction and tax incentive plans to advance this spring, which officials hope will bring the first substantial construction at the contaminated former U.S. Army site since it made rocket propellant during the war in Vietnam. The new plans, [...]
info2022-02-07T07:19:20-06:00February 7th, 2022|
Former U.S. Treasury Secretary Lawrence Summers said investors need to brace for the Federal Reserve to potentially raise interest rates at all seven remaining policy meetings this year and even for it to hike by more than a quarter point in one go. “Markets have to be prepared for a rate hike in every meeting and they have to be prepared for the possibility that, as the inflation process continues, we might need to have meetings with more than a single 25 basis point rate hike,” Summers told Bloomberg Television Friday. The Fed is “behind the curve” and anyone not open [...]
info2022-02-07T07:18:46-06:00February 7th, 2022|
The fallout from a crippling ice storm last February had far-reaching ramifications for the city of Humboldt. As a result of wind chill warnings and stress to natural utility lines, Kansas Governor Laura Kelly declared a State of Disaster Emergency last Feb. 14. Eight days later, the Humboldt City Council declared a State of Financial Emergency. The city’s bill for the month of February soared to $1.6 million, dwarfing its monthly projected budget of $35,000 – as well as the $375,000 annual budget. The Kansas legislature ultimately passed legislation bailing out a number of municipalities that experienced the gas price crunch. [...]
info2022-02-07T07:17:25-06:00February 7th, 2022|
It's a time of economic recovery across Kansas. But while some have returned to pre-pandemic conditions, others haven't. It's getting close in Labette County, and now officials are looking at the final steps to continue the comeback. "Reports show that Parsons and Labette County are right, almost where we were pre-COVID," said Jim Zaleski, Parsons Economic Development Director. While unemployment may have jumped to almost 9% in Labette County at the start of the pandemic, it's almost back to normal, now sitting at around three and a half percent according to Wichita State University. Source: KSNF/KODE
info2022-02-07T00:58:52-06:00February 7th, 2022|
A new plan aims to jump start the long-troubled Mission Gateway development a month after it missed a critical construction milestone, forcing its developers back to “some version of square one” almost 16 years after the project first began. Should Mission city leaders agree to pursue the newest iteration of the long-running redevelopment plan this spring, developer Tom Valenti suggested construction could resume as soon as the beginning of 2023 — almost three years after work stopped on the property. But city officials frustrated by years of false starts appeared to remain skeptical during Valenti’s first pitch of the new version [...]
info2022-02-07T07:14:49-06:00February 7th, 2022|
Riley County appraisers say single-family homes in Manhattan and immediate surrounding areas could see a 10% to 14% increase in their taxable property values this year. Riley County Appraiser Greg McHenry told The Mercury on Friday about the potential level of increases. He said the housing supply is not meeting the demand in Manhattan, and residents are willing to pay more for a home. McHenry on Thursday updated the county commission on the local real estate market. County appraisers annually provides new valuations for all properties. Source: themercury.com
info2022-02-07T00:55:17-06:00February 7th, 2022|
USD 383 is seeking public input on a budget plan for millions of dollars of federal funding coming to the district. The Manhattan-Ogden school district was allocated over $7.25 million by Congress in March of 2021 intended to help elementary and secondary schools respond to the COVID-19 pandemic in various ways. This is the third round of Elementary and Secondary School Emergency (ESSER III) funds distributed since 2020, provided this time as part of the American Rescue Plan Act (ARPA). USD 383 previously received over $812,000 through the CARES Act and over $3.2 million as part of the CRRSA Act. “The [...]
info2022-02-07T00:53:49-06:00February 7th, 2022|
Kansas has awarded $2 million in grants to the operators of travel centers on Interstate 70 and the Kansas Turnpike to install charging stations for electric vehicles. The state Department of Transportation announced grants Friday for stations in seven locations. The grants are financed with funds from legal settlements with German automaker Volkswagen Corp. over its admission in 2015 that diesel-engine cars were programmed to turn on emissions controls during government lab tests and turn them off while on the road. The department said the grants were designed to put charging stations along the state’s most-traveled highways. Source: Andover American
info2022-02-07T00:52:10-06:00February 7th, 2022|
Hillsboro experienced a record-breaking tax income with December’s sales tax, according to Hillsboro City Administrator Matt Stiles in the Hillsboro City Council meeting on Tuesday, Jan. 4. Stiles said they do not know the exact reasons for the month’s collections of $872,024.52, which was 23 percent higher than 2020 and 47 percent than the rolling five-year average. “There could be any number of reasons. Car sales were high, and we also have new businesses doing well with The Building Center and bomgaars,” said Stiles. Mayor Lou Thurston added, “And frankly all of our businesses do a really good job and work [...]
