Municipal News & Jobs

Municipal News & Jobs2026-08-07T10:07:18-05:00

Kansas Municipal News

Resident gathers 900 signatures for Pott Co. Commission expansion

Pottawatomie County resident Doug Kern has gathered nearly 900 signatures on the petition to add the question of expanding the Board of Commissioners from three to five to the November ballot. State statute requires 5% of the registered voters sign the petition in order for it to go on the ballot, and Kern has estimated that 900 signatures will meet that requirement. “The statement that would go on the ballot is ready to go,” he said Monday. “I would request a favor from the commission in that we can save the county clerk’s office a whole lot of work if the board of county commissioners by resolution would put this on the ballot.” Adding the question to the ballot by resolution would eliminate the need for the county clerk’s office to verify all the signatures on the petition.
Source: themercury.com – RSS Results in news of type article

Tight housing market not easing up, according to new data, WSU expert

While some national headlines are indicating improvements in housing supply, it could be some time before considerable progress is seen in the Wichita metro area, says one real estate expert who is supported by new data. According to Realtor.com data, U.S. inventory in April was 12% lower than April 2021, the smallest year-over-year decrease since the end of 2019. But Stan Longhofer, director of Wichita State University’s Center for Real Estate, said it is important to understand that movements in national metrics do not mean those changes are seen in everyone’s own region — and that’s the case with Wichita and the surrounding area.
Source: Wichita Business Journal

Newton considering change to form of government

At Tuesday night’s meeting, the City Commission began discussion of possible changes to the City’s form of government, including having a directly elected mayor. At Commissioners’ request, City Attorney Chris Towle prepared a memo outlining the different forms of municipal government in Kansas – Commission, Mayor-Council, Commission-Manager, and Mayor-Council-Manager. Newton currently operates under a Commission-Manager form, with five elected at-large City Commissioners…. A mayor is appointed each year from within the Commission. … Commissioners expressed interest specifically in the Mayor-Council-Manager form of government, which is used in our region by Wichita and Derby. The mayor is a directly elected position with some additional administrative authority compared to the Commission-Manager form. Commissioners said they see value in a mayor serving a longer term, providing continuity of leadership and more time to accomplish goals.
Source: City of Newton

10-year Treasury yield jumps back above 3% after hotter-than-expected inflation data

Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982. … The 10-year U.S. Treasury yield jumped on Wednesday after a release of key inflation data showed a faster-than-expected rise in prices. The yield on the benchmark 10-year Treasury note rose more than 3 basis points to 3.023% and the yield on the 30-year Treasury bond ticked up 1 basis points to 3.14%.
Source: CNBC

City of Pittsburg to help low income residents

The City of Pittsburg is helping its low income residents. Tuesday night the City Commission approved something that will help more people afford rent. “Right now we have seen a large increase of rent going up in Pittsburg and so our payment standards are not reflecting that,” said Megan Keener, Housing Manager for Pittsburg Public Housing Authority. Tuesday night, the Pittsburg City Commission approved increasing its Section 8 payment standards. “It would affect the individuals that are currently housed and we would adjust the rent. And we would contact the individuals who currently have vouchers and let them know the payment increased. And then moving forward our applicants will have a better chance,” Keener added.
Source: KSNF/KODE

New affordable housing project in eastern Lawrence plans to build homes as small as 500 square feet

A bigger home is a better home. That is a notion that has won the day many times in Lawrence, but it’s not doing much to help the community win its battle for affordable housing, Rebecca Buford, executive director of Tenants to Homeowners, said. “Some of what has to happen here is a change in mindset,” Buford said. Indeed, Buford’s Lawrence-based nonprofit has filed plans at City Hall for a new affordable housing development in eastern Lawrence that intends to add about a half-dozen new homes to the market but also change some minds about smaller homes.
Source: LJWorld

Lawrence leaders hear update on reforms to municipal court; some suggest additional changes

Lawrence Municipal Court staff says the city has been implementing reforms to how the court operates, and that additional changes will continue to be discussed. … The presentation included trends regarding cash bonds posted, the number of people being held in the jail on municipal offenses, and traffic citation costs, among other data points. Court data indicates that the amount of money the city has collected for cash bonds has decreased significantly in recent years, the average number of people serving time in jail on a daily basis for municipal offenses has declined, and that traffic citation costs in Lawrence are lower than several nearby communities.
Source: LJWorld

Municipal Bond Trends for May 10, 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.

Councilmember, petition call for Shawnee’s new co-living ban to be revisited

Shawnee’s new rules on the number of unrelated adults who can inhabit a single living space are unclear enough that one city councilmember suggested Monday that they need to be revisited and better explained. “For me, I got this one wrong,” said Councilmember Jill Chalfie during the meeting’s final minutes. Chalfie was part of the unanimous vote in favor of the ordinance April 25. However, there is no indication that the rest of the council would be willing to take another look at the new regulation. Chalfie’s remarks came after a week in which Shawnee drew national news and social media attention, much of it negative, over the new restrictions governing co-living arrangements.
Source: Shawnee Mission Post

You could save up to $30 a month on high-speed internet under federal program

The Biden Administration unveiled its plan Monday to increase the availability of low-cost, high-speed internet for families across the country. The government secured agreements with 20 internet service providers to reduce monthly service costs by up to $30 a month (or $75 a month on Tribal lands). About 48 million households—40% of the U.S.—qualify. Participating companies include AT&T, Comcast/Xfinity and Spectrum, among others. It’s called the Affordable Connectivity Program (ACP) and is part of bipartisan infrastructure legislation passed last year.
Source: KSN-TV

Biden announces program offering discounted internet service

President Joe Biden announced Monday that 20 internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy. “High speed internet is not a luxury any longer. It’s a necessity,” Biden said at a sun-drenched rose garden event with representatives from participating companies, as well as members of Congress. The $1 trillion infrastructure package passed by Congress last year included $14.2 billion funding for the Affordable Connectivity Program, which provides $30 monthly subsidies ($75 in tribal areas) on internet service for millions of lower-income households.
Source: KSN-TV

Kansas effort to improve computer science education signed into law

A new law signed Tuesday by Gov. Laura Kelly seeks to promote computer science education in Kansas schools. The measure enacts the Promoting Advancement in Computing Knowledge Act, which requires each secondary school to offer at least one computer science course beginning in the 2023-24 school year. Alternatively, those schools operating under a school district can submit a plan to the State Board of Education describing how the district intends to offer a computer science course and when they intend to offer it. In addition, House Bill 2466 requires the State Board to submit an annual report to the Legislature each January until 2025 detailing the success of the programs.
Source: Atchison Globe Now

Starbucks plat approved for Newton

The City Commission approved a final plat for a Starbucks coffee shop to be built on the south end of Newton. Harvey County Now has published multiple stories in recent months about the upcoming development. The City Commission meeting marked the first time the City confirmed its knowledge of the development in an official capacity.  “The developer is ready to build the building and it’s going to be a Starbucks,” City Engineer Suzanne Loomis said at the Tuesday commission meeting. The approval of the plat marks the last bureaucratic hurdle for development of the chain coffee shop in Newton. It’s planned to be built in a section of Walmart’s existing parking lot directly south of the Subway restaurant located along South Kansas.
Source: Harvey County Now

Voters approve bond issue to improve Hays schools

Hays will build a new high school thanks to voters who passed a bond issue. The $145.3 million bond passed by 526 votes. Voters also approved a half-cent sales tax to pay for the bond. The money will go towards a new high school. The money will also be used to renovate the current high school into a middle school and the middle school into an elementary school. Two other elementary buildings will also be renovated.
Source: KAKE – News

Andover homeowners question city code

The City of Andover could keep up to 15% of the insurance claim settlements on a home that suffers at least 75% loss following the recent tornado. Some homeowners say that doesn’t seem right. “I am amazed. I, ah, I don’t even know what to say,” said Andover homeowner Janice Eden. “I don’t see how that’s possible.” Turns out state statute allows municipalities to write the issue into city code. Andover has just that on the books. “In the years I’ve been an insurance agent, I’ve never seen it happen, but I have talked to some contractors who said it does happen,” said Cy Wiggans with Wiggans Farha Insurance Group. “Wichita does it on a sporadic basis. Some people in Andover might be getting hit with that. The main purpose of it is to make sure that the contractors complete the job.”
Source: KSN-TV

STAR Bonds in Derby passes 8-0

The STAR Bonds in Derby passed 8-0 on Tuesday during Derby’s City Council meeting. According to the City of Derby, the Final Phase for the STAR Bonds development consists of a family entertainment and multi-sport area that includes: A man-made public access lagoon with beach activities (scuba diving, windsurfing, snorkeling and other water sports), an aerial park, and indoor and outdoor event venues. 6-acre glamping site, offering glamorous camping on permanent platforms with amenities such as running water, plumbing, electricity, etc. A 150-room hotel offering exclusive beach access and an indoor pool.
Source: KSN-TV

AT&T launches new 911 location service

AT&T launched a new 911 location service Tuesday intended to improve emergency response for the public. The company says 68% of adults don’t have a landline in their homes, and over 80% of 911 calls now come from mobile phones. Typically, when a call is placed to 911, the wireless phone is routed based on the closest cell tower, which can cover up to a 10-mile radius. This means that sometimes callers are transferred from one dispatch center to another when seeking help, causing delays when an emergency response is needed.
Source: KSN-TV

Shawnee loosens rules for shooting off fireworks around Fourth of July

The Shawnee City Council Monday night made changes in its municipal rules that permit other types of fireworks for recreational use and will eventually allow pop-up firework stands within its city limits. Councilmembers decided to wade slowly into the idea of loosening up restrictions on fireworks. Under the new rules, the use of fireworks would be limited to July 3rd and 4th until 11 p.m. The noise ordinance was also adjusted to exempt the use of fireworks on those days. The city, like many others in Johnson County, currently only allows relatively low-risk fireworks like snaps, snakes and sparklers that are rated below 1.4G, said Deputy Fire Chief Corey Sands.
Source: Prairie Village Post

Medical marijuana bill stalls in Kansas Senate

Medical marijuana legalization in Kansas has once again stalled this year. A joint plan from the House and Senate that would legalize cannabis medically, is now stuck in the committee after a meeting was held to go over differences of both chamber’s proposals. As the legislative session comes to a close, lawmakers have now found themselves still in the early stages of carving out the piece of legislation. According to a spokesman for Senate leadership, Mike Pirner, the bill is not likely to gain any momentum when lawmakers meet again on May 23 to officially end the session. 
Source: Western Kansas News

Where can apartment renters get the most for their money? In Wichita, study finds

Apartment renters in Wichita get the most bang for their buck when it comes to square footage compared other large cities in the U.S., a recent study has found. Wichita ranked No. 1 on a list of America’s 100 largest cities where you can rent the largest apartment on a budget of $1,500 a month. The study, published in March by RentCafe.com, a nationwide apartment search website, found that renters in Wichita can live in a 1,597 square-foot, four-bedroom apartment for $1,500 a month. That’s about one square foot of space for every dollar.
Source: Wichita Business Journal

Topeka grapples with intersection rules

Topeka’s city government in January 2020 banned pedestrians from interacting with vehicle occupants at 23 specific Topeka intersections. But people on foot still sometimes ask drivers for money at those crossings, according to members of the Topeka and Shawnee County News & Police Scanner Facebook group.
Source: CJonline

Topeka USD 501 network under attack

It was a normal spring school day in Topeka USD 501 when district technicians noticed something suspicious in their network activity. The districtwide computer network that allows the district’s students and teachers access to the internet was seeing a huge spike in traffic. Normally, Topeka USD 501’s bandwidth can easily handle the average network load of students turning in online assignments and teachers checking email, with the district rarely using up more than 30% of its bandwidth, said Scott Gowan, chief information officer for the district. But there was no mistaking the signature of the spike in activity, and after the surge brought down the district’s internet access for about five minutes, the technicians were sure of one thing. The district was under a DDoS attack.
Source: CJonline

Hutchinson-area homes for sale rise in price to $99,900

A typical Reno County home listed for $99,900 in March, up 5.3% from a month earlier, an analysis of data from Realtor.com shows. The median list home price in March was down about 7.7% from March 2021. Reno County’s median home was 1,464 square feet for a listed price of $81 per square foot. The Reno County market was busy, with a median 36 days on market. The market added 64 new home listings in March, compared with the 64 added in March 2021. The market ended the month with some 49 listings of homes for sale.
Source: Hutch News

Municipal Bond Trends for May 9, 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.

Most top Kansas schools are in Johnson County, but KCK high school ranks No. 1: Report

Seven of the top 10 high schools in Kansas are in Johnson County, according to a new national ranking, but once again, the No. 1 school in the state is in Kansas City, Kansas. Sumner Academy of Arts and Science, in Kansas City, Kansas Public Schools, was named the top school in the Kansas rankings, compiled by U.S. News & World Report. Nationwide, Sumner placed 32nd, making it the highest ranking public high school in Kansas or Missouri. Sumner has regularly landed at No. 1 in Kansas in recent years, including in 2019, 2020 and 2021.
Source: Joco 913 News

Atchison Intern Earns Scholarship for Public Administration Program

Current City of Atchison intern and Benedictine College senior Olivia Ortiz was awarded the Virgil Basgall Scholarship for next year as she is preparing to attend the University of Kansas School of Public Affairs and Administration. Ortiz has been a management intern with the city since Spring of 2021. Ortiz is planning to pursue a Master’s in Public Administration, with an emphasis on city/county management. “This is a well-deserved honor for a fantastic intern who will no doubt make a great city manager one day,” Atchison City Manager Amy Finch said. Ortiz has taken on such tasks as running the city’s Citizen’s Academy, supporting and filling in for the city clerk, researching policy issues, and teaching staff newer technology.
Source: Atchison Globe Now

Tourism on the Rise in Fort Scott

Tourism is the act of spending time away from home in pursuit of recreation, relaxation, and pleasure, while using commercial services, according to Britannica Dictionary. Local tourism is looking healthy as evidenced by the transient guest tax from 2015 through 2022, which just completed its first quarter, Jackson Tough, Fort Scott’s Public Relations and Tourism Director said. “Transient guest tax is probably the most common form of raising funds to promote tourism in a given community,” Tough said. “It’s simply a tax on hotel/motel rooms that visitors pay when they stay in Fort Scott.”
Source: Fort Scott Biz

Residents push back on Shawnee’s controversial ‘co-living’ restrictions

Shawnee resident Val French said she first learned about the city’s controversial co-living restrictions by scrolling through Twitter. She said she was upset. She didn’t get a direct notice from the city or her councilmember and was concerned her housing would soon be in jeopardy. French currently lives with her blended family of five, including herself, her husband, her son, her stepson and her son’s girlfriend, who are all over 18. The recently passed ordinance states that “co-living” is defined as four or more “unrelated” people living together. It also states that if one person in a group is unrelated to another adult, the entire group will be considered unrelated.
Source: KC Star Local News

Concerns expressed for firefighters in Sedgwick County budget hearing

Employee retention and competitive wages were some of the common themes at Monday’s Sedgwick County budget hearings. Commissioners will determine next year’s budget for all county departments. Emergency Communications, EMS, Fire District 1, Regional Forensic Science Center, Emergency Management, Corrections and MABCD gave budget presentations Monday afternoon. The head of RFSC testified that it’s struggling to meet accreditation requirements and said 50% of its staff leave every two years. RFSC also reported that deaths in Sedgwick County are increasing, pointing to a rise in drug overdoses, specifically Fentanyl overdoses.
Source: KSN-TV

Inman passes $5M sports complex bond

On Monday, Inman Schools revealed that the $5 million bond that would help the town of Inman improve its sports complex passed by a vote of 387 to 381. On May 3, voters in Inman were presented with the following question: “Shall Unified School District No. 448, McPherson County, Kansas (Inman), issue general obligation bonds in an amount not to exceed $5,000,000 …” That night, the bond initially failed by two votes, but 16 votes were still being “investigated.”
Source: KSN-TV

Study: Remote learning a ‘primary driver’ of widening achievement gaps

A new working paper analyzed testing data from 2.1 million students in 49 states plus D.C. and found that “remote instruction was a primary driver of widening achievement gaps.” The Center for Education Policy Research at Harvard University, the National Center for Analysis of Longitudinal Data in Education Research at the American Institutes for Research, and NWEA, a nonprofit research and educational services provider, collaborated to write “The Consequences of Remote and Hybrid Instruction During the Pandemic.” The paper follows mounting research that pivoting to remote learning harmed students’ mental health, according to the Centers for Disease Control and Prevention, while annual learning assessments displayed suffering reading and math grades.
Source: Parsons Sun

Sedgwick County Had Siren Silent Spots

Sedgwick County officials acknowledge that some residents living in rural areas likely did not hear sirens going off before an EF-3 tornado roared through parts of the Kansas county April 29th. While much of the attention after the storm focused on heavily populated Andover, rural areas close to the city and in Butler County also sustained significant damage from a tornado that was on the ground for nearly 13 miles. Some residents there say they did not hear sirens before the tornado hit. Sedgwick County Emergency Management Director Julie Stimson stressed that the sirens were never intended to warn people inside their home or other structures.
Source: WIBW News Now

Johnson County Planning Commission to take up solar farm regulations for a 10th time

The Johnson County Planning Commission has spent more than a year working on regulations for commercial solar facilities. On Tuesday, it will take up the contentious issue again — this time with firm marching orders from county commissioners to make proposed regulations less onerous. The debate on regulations for large and utility-scale solar facilities started in September 2020, when NextEra Energy Resources LLC put forward plans for a $450 million, 320-megawatt solar farm on 1,600-2,500 acres west of Gardner. In addition to solar panels, the NextEra project would include battery storage. County staff worked with Virginia-based Berkeley Group to look at best practices for regulation of utility-scale solar in other areas of the country.
Source: Kansas City Business Journal

10-year Treasury yield rises to its highest level since November 2018

The 10-year U.S. Treasury yield hit 3.17% on Monday morning, as investor focus remained on inflation and economic slowdown concerns. The yield on the benchmark 10-year Treasury note climbed 4 basis points to 3.1726% at 4 a.m. ET. The yield on the 30-year Treasury bond moved 4 basis points higher to 3.2659%. The 10-year rate reached the 3% mark at the beginning of last week, for the first time since 2018, and had hit 3.14% by Friday. The Federal Reserve announced a 50-basis-point interest rate hike on Wednesday but the central bank’s efforts to combat rising inflation with more aggressive rate raises has also sparked concerns that this could potentially drag on economic growth. Investor focus this week will be on April inflation data, due out on Wednesday.
Source: Bonds

As trail project moves forward in Baldwin City, officials seek $20M grant for another one that would run to Ottawa

A multi-use trail project along more than three blocks of Midland Railway tracks will soon be moving forward in Baldwin City, and city officials will also be seeking $20 million in grants for a project that would link the city with a 51-mile trail that connects Ottawa and Iola. On Friday, Baldwin City Administrator Glenn Rodden said the Kansas Department of Transportation would soon be starting the bidding process for construction of a concrete multi-use trail on the east side of the Midland tracks. The trail will be 8 feet wide and will run from the existing multi-use trail on Elm Street to the old Santa Fe Depot just south of High Street. KDOT approved the city’s grant application for the trail two years ago. The bidding process will take place in the summer or early fall, Rodden said, and KDOT will then decide whether the trail will be constructed this year or in the spring of 2023.
Source: LJWorld.com

Municipal Bond Trends for May 6, 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.

Dodge City police warn of high school ‘challenge’ that involves crimes against strangers

Dodge City police are urging parents to speak to their children after discovering that some high school students have been participating in a challenge that includes committing crimes. Police Chief Drew Francis said on the department’s Facebook page that many of the JR/SR challenge tasks include committing crimes such as battery, disorderly conduct, criminal damage, theft, drug and alcohol-related offenses, reckless driving and kidnapping. That’s not a complete list of tasks students have come up with. And the chief said most criminal acts are to be done to unsuspecting strangers.
Source: KAKE – News

Kelly signs bill to boost housing

Gov. Laura Kelly signed bipartisan legislation Thursday creating incentives in the form of state income tax credits for investors in construction of residential housing that contributes to economic development in Kansas. The Kelly administration’s statewide survey of housing needs — the first of its kind in three decades — pointed to the need for affordable housing, especially in rural communities. The shortage was identified as an impediment to expansion of existing businesses and attracting new employers. The tax credit administered by the Kansas Housing Resource Corporation and the Kansas Development Finance Authority would be capped at $13 million annually. The law limited a qualified housing developer to use of the tax credit on 40 residential units per year.
Source: The Iola Register

Communities, lawmakers search for how to tackle housing dilemma

For Ryan Jones, home in Wabaunsee County feels a lot like Philadelphia. In a literal sense, this couldn’t be further from the truth. The City of Brotherly Love remains one of the fastest-growing urban areas in the U.S. and its population of 1.5 million is a far cry from the roughly 800 residents in Alma, a town best known for its creamery. But outside of an internship in Philadelphia, Jones said his downtown apartment here is the most urban living arrangement he has ever had. The bank and post office are a short walk away, as is his job at the nearby Volland Store outside town.
Source: CJonline

Mural tourism becoming more popular in Kansas, and the same is true for Reno County

Hutchinson has more than 40 murals that bring pride to the city. These murals boast of Kansas wildlife, the street art movement, the beauty of Kansas and its state symbols, Hutchinson landmarks and community stories. Mural tourism has become a fascination for many, and interest has increased in part because influencers have posted their photographs on popular social media. “It’s becoming a big deal,” said Jordan Roemerman, marketing manager for Kansas Tourism, “a movement that began outside the state, but Kansas has picked up on it and run with it.” She said, for example, music artist Taylor Swift had a butterfly mural painted in Nashville and now people will line up and wait their turn to have their photo taken by the mural.
Source: Hutch News

Will filling the 140,000 square feet of storefronts on Hutchinson’s Main Street revitalize downtown?

Downtown Hutchinson gained more than 50 new businesses in the last five years, filling the storefronts that had been empty for decades. The growth exceeded the Hutchinson/Reno County Chamber of Commerce, downtown business owners and residents’ expectations — but there is still more than an estimated 140,000 square feet of open retail, restaurant and commercial space on Main Street. According to Reno County’s property records, the estimated value of these empty properties that are owned by private residents is $1.4 million, while businesses own another $1.6 million in empty storefronts.
Source: Hutch News

Topeka is seeking community input for new city manager

The city of Topeka wants to hear your voice in the search for a new city manager. A survey has been shared to the city website where residents can answer questions and guide the governing body on what qualifications they want to see in the next city manager. The governing body was to begin to preview the responses Friday, and the survey will end on May 13.
Source: CJonline

City of Lawrence seeking feedback on proposed changes to municipal governmental structure

The City of Lawrence is seeking feedback from community members on two proposed changes to the city’s governmental structure, as city leaders consider adding a question to the November election ballot. One of those changes would see a nonpartisan mayor elected directly to a four-year term, a change from the current arrangement where the commission chooses one of its own members each year to serve a one-year term as mayor. The other would create six voting districts in Lawrence, bumping the size of the commission up from five to six members, each serving staggered four-year terms.
Source: LJWorld.com

Douglas County leaders make solar farm regulations official

Following a vote of approval from the Douglas County Commission on Wednesday night, regulations for possible future solar farms in the county are now official. … those regulations set specific limits for elements like the maximum size of a solar farm — 1,000 acres — and how far they must be set back from roads, homes and other structures. With the commission’s approval, solar energy firms and others wishing to develop solar farms here will be able to file applications for conditional use permits.
Source: LJWorld.com

Debate over KPERS rate of return heats up, despite $1 billion addition

Major changes are being considered at the state’s pension fund, ones that could impact its fiscal outlook and relations with the Legislature — even as lawmakers voted to add $1 billion to its coffers. The KPERS Board of Trustees is weighing a controversial decision to reduce the estimated profit generated by the pension fund’s investments, a metric dubbed the assumed rate of return. Kansas currently projects its investments will bring in 7.75% each year. Officials voted to reduce the assumed rate of return in 2016, dropping it from 8% previously. But even with that move, Kansas has the highest assumed rate of return in the country, according to data compiled by the National Association of State Retirement Administrators.
Source: Salina Journal

Go to Top