Municipal News & Jobs

Some “creative financing” on the part of the city of South Hutchinson will assist internet provider IdeaTek in bringing its highspeed fiber-optic service to the community of 2,500. The South Hutchinson City Council approved a couple of actions on Monday night to set the plan in motion. That included creating a “Community Improvement District (CID)” that encompasses a small parcel of ground in South Hutchinson the Buhler-based provider will build its service hub on. … Creating the CID will allow the company to pay off the pass-through bonds using a portion of customer service fees, explained South Hutchinson City Administrator Joseph Turner. Turner said he’s been working with the provider for months to find a way to bring the company to town.
Source: Hutch News

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.

City leaders indicated Tuesday that they are interested in further discussing regulations on single-use plastic bags, with the idea of an outright ban or a fee remaining on the table. As part of its meeting Tuesday, the Lawrence City Commission received a recently approved recommendation from the city’s Sustainability Advisory Board to ban single-use plastic bags provided at checkout at businesses and begin an educational campaign about their environmental impact. Commissioners didn’t indicate specifically whether they were in favor of the recommendation for a ban, rather than a fee, but agreed that they would like city staff to review options and bring the topic back to the commission for further discussion.
Source: LJWorld

More than 2,000 custom cars from the East and West Coasts, and plenty of places between, will cruise into Salina next week for the 2022 edition of the Leadsled Spectacular. Kustom Kemps of America (KKOA), the largest and oldest custom car and truck association in the United States returns to Oakdale Park July 28 to 31 for the 42nd annual edition of the Leadsled Spectacular, the largest custom car show in the country. While the show moved around some in its early years, Salina has been the permanent home to Leadsled since 2005.
Source: Salina Journal

After recently requesting to take up the issue again, city leaders will soon consider whether to pursue an ordinance that would ban single-use plastic bags. As part of its meeting Tuesday, the Lawrence City Commission is scheduled to receive a recently approved recommendation from the city’s Sustainability Advisory Board to ban single-use plastic bags provided at checkout and begin an educational campaign about their environmental impact.
Source: LJWorld

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.

Federal Reserve officials have signaled they are likely to raise interest rates by 0.75 percentage point later this month, for the second straight meeting, as part of an aggressive effort to combat high inflation. Policy makers left the door open to a larger, full-percentage-point increase at the July 26-27 gathering. But some of them simultaneously poured cold water on the idea in recent interviews and public comments ahead of their premeeting quiet period, which began Saturday. Some officials pointed to signs that economic activity was softening as they raise rates at a historically brisk pace. “You don’t want to overdo the rate increases. A 75-basis-point hike, folks, is huge,” Fed governor Christopher Waller said Thursday at a conference in Victor, Idaho. “Don’t say, ‘Because you’re not going 100, you’re not doing your job.’”
Source: Wall Street Journal