info2020-04-16T08:06:25-05:00April 2nd, 2020|
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.
info2020-04-02T08:46:19-05:00April 2nd, 2020|
Wichita Mayor Brandon Whipple is calling on the City Council to dip into its lunch and travel funds to help soften the blow on city workers as the budget faces a multi-million-dollar shortfall caused by the coronavirus pandemic. But some of Whipple’s fellow council members are upset that he’s gone public with his ideas before the council has a meeting Tuesday to discuss the city’s entire budget. The city is projected to lose around $8 million of its $624.5 million budget, based on early staff estimates. Whipple’s proposal came in response to City Manager Robert Layton’s decision last week to furlough [...]
info2020-04-02T08:48:27-05:00April 2nd, 2020|
The City of Lawrence begins a project this week to assess and inventory the condition of all roadways within the city. The city hired the firm Data Transfer Solutions to perform the assessment, which includes the use of vans with cameras to gather data on road conditions, according to a city news release. The project will last approximately six weeks and begins Wednesday. To evaluate roadway conditions, DTS deploys a fleet of data collection vans equipped with digital cameras that will collect imagery on all pavement and transportation-related infrastructure located within the city right-of-way. The vehicles will be traveling all roads [...]
info2020-04-02T08:23:48-05:00April 1st, 2020|
A $760 billion infrastructure plan packed with help for the public finance sector is being offered by House Democrats as the legislative vehicle for fourth coronavirus emergency spending bill that would focus on economic stimulus. The five-year spending plan Democrats originally proposed at the end of January calls for reinstating advance refunding, Build America Bonds and tax credit bonds. It also would expand qualified private activity bonds, allow a to-be-decided increase in airport passenger facility charges and $40 billion more for State Revolving Funds that finance water projects. Speaker Nancy Pelosi told reporters in a conference call Wednesday that new additions [...]
info2020-04-02T08:24:31-05:00April 1st, 2020|
Groups representing states and localities are urging the Federal Reserve and Treasury to create new programs to buy a wider range of securities and help municipalities grappling with revenue delays due to the coronavirus. In a letter sent to the Fed and Treasury this week, the National Association of State Treasurers, Government Finance Officers Association and the National Association of State Auditors, Comptrollers and Treasurers pushed for the Fed to buy munis on secondary market and create a financing program to help municipalities struggling with late revenues. “As you know, an historic cash panic, prolonged paralysis in the primary municipal bond [...]
info2020-04-02T08:24:55-05:00April 1st, 2020|
The Kansas Department of Commerce today launched a new jobs website, connecting job seekers with Kansas businesses hiring to fill urgent needs during the COVID-19 pandemic. The COVID-19 jobs site, kansasworks.com/coronavirus, allows employers from essential industries to quickly and easily post critical positions that need to be filled to support activities related to helping individuals and businesses during the COVID-19 crisis. The site, which is available at no cost to employers or job seekers, will be updated continuously as businesses add new jobs to the system. Job seekers can visit the site to find companies hiring for COVID-19-related positions and quickly [...]
info2020-04-02T08:25:26-05:00April 1st, 2020|
A historically heated conversation around paid sick leave might come to a boil today, Wednesday, April 1, when the Families First Coronavirus Response Act (FFCRA) goes into effect. Two things will change: Certain employees will be entitled to two weeks (80 hours) of paid sick leave over and above any time already taken off. Certain employees who have been on the job for at least 30 days are entitled to 12 weeks of job-protected leave if they cannot work or telework due to a quarantine or isolation order, either they or their family members are experiencing symptoms of COVID-19, or they [...]
info2020-04-02T08:25:52-05:00April 1st, 2020|
A group of Kansas City-area businesses and civic organizations announced a $5 million fund to get sorely needed funds to small businesses hit hard by the coronavirus crisis. The KC COVID-19 Small Business Relief Loan Fund will offer loans of as much as $100,000 to area companies with fewer than 20 full-time-equivalent employees and less than $2.5 million in revenue. The three-year loans will carry no interest and payments will be deferred for the first six to 12 months, according to a Tuesday announcement. (Read more: Kansas City Business Journal)
info2020-04-02T08:41:14-05:00April 1st, 2020|
The Salina Unified School District Board of Education approved several items it hopes will help the Salina community during the coronavirus pandemic. The board met via Zoom video conference at 5 p.m. Tuesday and voted on the items. In its consent agenda, the board approved over $200,000 to purchase 750 hot spots to deliver internet to families for distance learning during the COVID-19 crisis. (Read more: News - Salina Journal)
info2020-04-16T08:06:26-05:00April 1st, 2020|
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.
