Municipal News & Jobs

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.

U.S. investors who had been betting the Fed would raise rates as early as the end of next year abruptly retreated from those positions on Friday after a disappointing April employment report and now see the earliest the Fed might tighten roughly two years away. The push back in expectations for when the Fed might start raising rates also means any reduction in the pace of its bond buying – which the Fed has said will begin first – may also occur later than some investors had been betting.
Source: Reuters.

A new chapter will begin June 1 for Ron Marsh. That’s when Clearwater’s city administrator will take on the same role in the city of Abilene. The Clearwater city council accepted Marsh’s resignation at its meeting on April 27. It’s an opportunity for my career, a little bit bigger town. It’s more of a standalone town,” he said. Abilene has a population of nearly 6,400 people, more than twice that of Clearwater’s 2,500 residents. Marsh has long been involved in government work. He worked for 18 years in Sedgwick County’s public works department, spending much of that time in administration and management. He overlapped that work with service to Clearwater.
Source: TSNews.com.

Investors in search of higher returns and lower taxes are scooping up debt sold by state and local governments, pushing borrowing costs to near-record lows and boosting coffers from California to Connecticut. Investors have poured a net $39 billion into municipal-bond mutual funds this year through Thursday, according to data compiled by Municipal Market Analytics, the most over the same period since 2008. Returns on the debt, which local governments use to fund public works such as sewers or bridges, have beaten those of corporate bonds and Treasurys. … One factor driving recent gains, according to some analysts: State and local governments can’t sell bonds fast enough for investors. … While proposed federal infrastructure spending could ease the jam by putting local policy makers in better position to issue more muni bonds for other projects, many expect new demand for munis from wealthy households if the Biden administration’s plan to raise capital-gains taxes advances in Congress.
Source: Wall Street Journal.

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.

As the Hutchinson City Council on Tuesday considered adopting updates to a “Historic Preservation Action Plan” drafted by the city’s Landmarks Commission, the discussion took an unexpected turn. The proposed three-year plan includes applying for a Historic Preservation Fund Grant to survey “all modern/ mid-century modern structures that have become historic,” said Hutchinson Planning Director Ryan Hvitlok. … Rather than add more properties to historic designation lists, Vice Mayor Sara Bagwell suggested, can’t the city remove some. “From a personal perspective, I don’t see any benefit to being a historic building that outweighs the nuisance of red tape you have to go through,” Bagwell said. “I’m over here saying ‘let’s pump the brakes.’ Some areas of residential in Hutch should be taken out of historical. Let’s see who we can take off and not add so much.” Mayor Steve Garza noted he lives in an area with a historic neighborhood designation and neighbors have visited his home complaining about remodeling restrictions on their properties.
Source: Hutch News.

The LEMA’s irrigation restrictions represent a lastditch effort to save the region’s most critical water source: the Ogallala Aquifer. And in a place where agriculture is king and rainfall is scarce, the path to any kind of curb on irrigation took more than 100 years.
Source: Salina Journal.

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.