Municipal Bond Trends for February 5, 2020

2020-04-16T08:06:41-05:00February 6th, 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 Advisors.

Winfield power plant could mean more jobs, big savings

2020-02-06T06:27:13-06:00February 5th, 2020|

The Winfield power plant was chosen by the Kansas Power Pool for an expansion project because it already has an experienced power plant staff, with a possibility of more plant workers being hired, Winfield City Manager Taggart Wall said. The expansion will help generate energy that will be sold to other Kansas Power Pool members cities. Installation of the $80 million addition is expected to begin in December 2022, around the time the KPP’s power purchasing contract with Evergy expires. (Read more: The Arkansas City Traveler)

Phillipsburg Airport runway project awarded KDOT funding

2020-02-05T19:40:03-06:00February 5th, 2020|

The Kansas Department of Transportation recently announced that a project to extend the runway at Phillipsburg’s Municipal Airport has been selected for funding. The airport will receive $332,500 through the Kansas Airport Improvement Program to design a 600-foot runway extension. The city’s local match will be $33,250. Phillipsburg Public Works Director Tim Driggs informed the city council about the grant on Monday and said he will begin working with a design firm on a proposal and will have contracts prepared for the council within the next month. (Read more: Phillipsburg, KS news)

City’s subsidized contributions to Lenexa Public Market decrease as it grows revenues

2020-02-06T06:27:32-06:00February 5th, 2020|

As the Lenexa Public Market continues to grow in popularity and revenue streams, city staff report the market is inching closer to the city’s goal of self-sufficiency. The Lenexa city council in December 2018 had agreed to subsidize public market operations for two years using transient guest tax revenues generated by hotels. Mike Nolan, assistant to the city manager, said the city will consider making a similar transfer during upcoming budget discussions. Expenditures for the public market were about $369,000 in 2019, and revenues were about $225,000, so the city transferred roughly $143,000 from the tourism and convention fund to make [...]

Johnson County Commissioner says investments in sewer system will improve water quality, protect environment

2020-02-06T06:28:10-06:00February 5th, 2020|

It’s easy to take the water systems that bring clean water to and from our homes and businesses for granted. Johnson County investments to improve water quality and protect water include the Tomahawk Creek Wastewater Treatment Facility improvements, which involve building an expanded plant in Leawood to treat all tributary flows. This project will have water quality benefits for Indian Creek, as well as the downstream waters of the Missouri and Mississippi rivers, all the way to the Gulf of Mexico. It will address nutrient removal as excessive nutrients can be harmful by degrading habitats and decreasing the amount of oxygen [...]

Riley County commissioners show opposition to proposed Kansas senate bill

2020-02-05T19:33:59-06:00February 5th, 2020|

A new proposal in the Kansas legislature, Senate Bill 294, is drawing criticism from the Riley County Commission. The bill, if approved, would add additional prerequisites to the county budgeting process, which in the commission’s eyes, would add additional costs and even affect how they budget their services. At Monday’s meeting, County Counselor Clancy Holeman presented a letter of opposition to SB 294 be sent to the Kansas Associations of Counties, listing four different defects of the bill and the negative impacts they would pose to the county. The first defect relates to new additional costs from the state on the [...]

Bourbon County discusses policy for county roads

2020-02-06T06:30:27-06:00February 5th, 2020|

Bourbon County Commissioners on Tuesday discussed creating a policy to deal with what Commission Chairman Lynne Oharah referred to as “a 100-year-old problem” – requests for closing or opening county roads. Richard Wolmesdorf attended the meeting to request closing a road near 115th Street and Tomahawk Road that he said “goes nowhere” and has not been maintained by the county for several years. (Read more: Fort Scott Tribune)

Sedgwick County election commissioner raises concerns over voting bill

2020-02-05T19:29:06-06:00February 5th, 2020|

A House committee has scheduled a hearing Thursday on a bill that would allow Sedgwick County to establish vote centers for the 2020 elections, allowing voters to cast a ballot at any location on election day. Sedgwick County election commissioner Tabitha Lehman told county commissioners Wednesday that she would have to speak against the bill, because of new procedures that have just been announced by the Kansas secretary of state’s office.   Lehman said the changes will have a significant impact on day-to-day operations in her office, because it creates a separate, locked-down system for access to a statewide voter registration database. [...]

An inside look at Wichita’s former downtown library; it’s nicer than you remember

2020-02-05T19:27:14-06:00February 5th, 2020|

Supporters of a petition drive to force Wichita to vote on whether to tear down historic buildings have gotten a rare look inside the former Central Library, one of the buildings they’re trying to save from downtown redevelopment. And they like what they saw. Gone are the bookshelves that blocked sightlines while the building served as Wichita’s main public library. What remains are huge open spaces with floor-to-ceiling windows offering scenic views of the Century II Convention and Performing Arts Center, the former Carnegie Library and the Garvey Center. (Read more: Local News |)

Municipal Bond Trends for February 4, 2020

2020-04-16T08:06:42-05:00February 5th, 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 Advisors.

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