Kansas Municipal News
Municipal Bond Trends for April 6, 2023
The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, Beth Warren or Henry Schmidt.
Gant retires after 39 years of service to Seward County Sheriff’s office
The Seward County Sheriff’s office said goodbye to one of its own Friday afternoon. Capt. Rob Gant began working with the sheriff’s office in 1984, and Friday, county staff, local law enforcement, family and friends gathered in the commission chambers in the Administration Building for a reception for the long-time officer. Before Gant was given a few presents for his retirement, Sheriff Gene Ward recalled he and Gant’s early days in law enforcement.
Source: Liberal First
City of Gas residents register few complaints
A community conversational at Gas offered a look at the benefits of living in the small community, with few complaints. It’s a neighborly community, residents said. There’s much to appreciate about living in Gas, a handful of residents agreed Tuesday evening. And in a refreshing look at its citizenry, few had much to complain about, either. Perhaps some residents can be a bit more diligent in keeping junk and trash out of their yard, but for the most part, residents here are polite, friendly, and clean, locals Larry and Shirley Robertson agreed.
Source: Iola Register
Derby weighs tax burden in discussing future sales tax use
What comes next with the Derby Difference sales tax? That is the pressing question the Derby City Council began to tackle at its March 28 meeting, discussing potential next steps toward implementing a new city sales tax with the Derby Difference coming to an end. Following the results received from a community survey, City Manager Kiel Mangus brought forth a few items for the council to chew on at its latest meeting, including election options and rates with the new sales tax to potentially go into effect in 2025. The Derby Difference is scheduled to sunset on Dec. 31, 2024.
Source: Derby Informer | News
Derby adjusts policy for financing public improvements
In an effort to more equitably spread out costs for public improvements such as streets, sewer improvements, etc. – the Derby City Council looked at and approved a new policy resolution at its March 28 meeting. Last updated in 2016, Assistant City Manager for Development Dan Squires presented the adjusted public improvement financing policy on March 28. The policy specifics financial guarantees from developers, the term of special assessment taxes (which help recover part or all of the costs of public improvements) and the cost split between the city-at-large and the developer/benefitting properties. … Squires pointed out the current policy is good at addressing routine subdivision projects (streets, water lines, etc.), but doesn’t really touch on regional infrastructure – such as lift stations and interceptor sewers. … With such hefty price tags (as construction costs continue to increase) and an eye on balancing feasible development with more affordable housing, updates in the policy included a 75/25 split for projects such as regional sewers, lift stations, bridges, etc. The larger portion would fall to city, with 25% left to be assessed to current and future developments.
Source: Derby Informer | News
Barton County OKs more facade grants
Another set of Barton County Facade Improvement Grant applications were approved by the County Commission Wednesday morning as commissioners harked back on a program that has become a popular one. “We were right in the middle of COVID,” said commission Chairman Shawn Hutchinson, District 3. “The federal government decided that they wanted to give us a whole pot of money. We had to figure out how to redistribute that throughout the county.” They conceived a way to utilize some of the funds to “reinvest it into our main street business owners. “What better way to have a lasting impact on our communities than invest in those that are stepping up and trying to make a difference in our community.”
Source: Great Bend Tribune
Hillsboro approves chickens and secure dogs
A proposed new Hillsboro dog ordinance will be considered April 18. The ordinance would change the definition of “securing” a dog in the open bed of a truck. The proposed ordinance also would change who designates a dog to be “dangerous.” Under current ordinance, the designation is made by police, but the proposal changes that to municipal court. … An ordinance to permit chickens to be kept in town was approved. Residents to keep as many as 10 chickens on a lot of less than 15,000 square feet and one additional chicken for each additional 1,000 square feet. They would have to be kept in clean, dry, and sanitary coops.
Source: HILLSBORO Star-Journal
Marion County firefighters battle more than 2 dozen wildfires
County firefighters were kept unusually busy during this past week fighting blazes in dry conditions and high winds. In all, they battled 24 fires through the week, with no fires reported only one day. Many of the fires had rekindled after controlled burns.
Source: HILLSBORO Star-Journal
With the Ogallala Aquifer drying up, Kansas ponders limits to irrigation
The Ogallala Aquifer has a visibility problem. It’s easy to see when drought, farm irrigation and city taps drain the great reservoirs of the Southwest. Bathtub rings paint the red rock walls surrounding Lake Powell as it shrinks, sounding alarm bells loud and clear. What about a body of water that’s locked away in a subterranean labyrinth of gravel and rock reaching more than 300 feet underground? The Ogallala may hold as much water as Lake Huron, but we can’t see it. And, problematically, that means we can’t see it disappear. That hasn’t stopped people like Brownie Wilson from trying to bring the aquifer’s decline into focus. He’s one of the Kansas Geological Survey crew members who fan out across western and central Kansas every year to check hundreds of water wells that tap into the Ogallala.
Source: KAKE – News
Kansas Senate passes constitutional amendment restraining property tax valuations
The resolution asks voters to consider a constitutional prohibition on counties raising property tax valuations by more than 4% in any year. … Lawmakers have considered ways throughout the session to address rising property values and the tax bills associated with them. The proposed constitutional amendment would limit tax-assessed property values from growing by more than 4% per year. There are exceptions for new construction, changes in property class or when property is transferred to another owner.
Source: Kansas Reflector
Fire department evacuated residents in north McPherson due to gas leak
The McPherson Fire Department (MFD) evacuated residents on the north side of McPherson due to a gas leak Wednesday night. “Crews on scene for a gas leak,” the MFD said in a Facebook post. “Several residents have been evacuated.” The MFD says they received a call around 7:20 p.m. for the report of a gas leak in a residential area near the intersection of Oakmont Street and Oak Park Drive. McPherson Fire Department Chief TJ Wyssmann said six homes were evacuated.
Source: KSN-TV
Resource costs lead Wichita public golf courses to consider membership fee increases
The City of Wichita Golf Board of Governors met on Tuesday to discuss an increase in membership prices for city courses. The decision is still pending an official vote. The plan is to raise adult individual membership costs by $12 and couples by $18. Another change would be increasing the annual equipment replacement fee from $37 to $50. “There’s not been money in the golf division to spend on the improvements that need to be made, so it’s really across the board,” said City of Wichita Golf Director Jesse Coffman. “We’re trying to improve all of the golf courses and all the facilities for all of our members.”
Source: KSN-TV
Wheat crop struggling with drought and high winds
This will be the second year in a row that some wheat farmers in Kansas will not have a crop. “You look out there, and it’s just a fog of dust across there,” said Brian Mitchell with Mitfarms. “It’s awful.” Mitfarms is in western Kansas and is not alone in seeing very dry conditions affecting the wheat crop. KSN Agriculture analyst John Jenkinson says the topsoil across the state is not good this year.
Source: KSN-TV
Wyandotte’s online tax auction may be hurting residents without internet
For some Wyandotte County residents, the area’s online auctions of property with delinquent taxes, otherwise known as virtual tax sales, have become an unwelcome tradition. The most recent sale was held online through a third party platform on March 28. Homes at least three years behind on taxes were auctioned off to the highest bidder. Commercial properties delinquent on taxes for at least two years and vacant lots delinquent for at least one year were also tax sale eligible. Critics say that holding the auction virtually instead of in person has hurt access for both elderly constituents and those with poor internet.
Source: KC Star Local News
Municipal Bond Trends for April 5, 2023
The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, Beth Warren or Henry Schmidt.
Fed’s Mester Says Rates Should Rise Above 5%, Stay for Some Time
ederal Reserve Bank of Cleveland President Loretta Mester said policymakers should move their benchmark rate above 5% this year and hold it at restrictive levels for some time to quell inflation, with the exact level depending on how quickly price pressures ease. To put inflation on a steady path down to 2%, monetary policy needs to move “somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time,” Mester said at an event Tuesday in New York with the Money Marketeers of New York University.
Source: Bloomberg
A food desert oasis: Grocery store in central Topeka still in very early planning
Planning continues as a local Topeka non-profit works to return a grocery store to central Topeka. Although the Central Topeka Grocery Oasis group last month signed a lease with GraceMed Capitol Health Clinic for one acre north of the clinic at S.W. 12th and Washburn, efforts to launch a grocery store in neighborhood are still in very preliminary stages. CTGO chair, Marge Ahrens said the group was grateful to GraceMed Health and those who have helped in the quest for a grocery store.
Source: CJonline
Buhler school’s $8 million bond falls in defeat
Buhler district voters rejected an $8 million bond that would build a new district office building, which included classrooms for the district’s Ad Astra Academy, a large community/board room and an indoor sports complex. The bond also included $800,000 going toward elementary school playgrounds. With 15.76% of voters weighing in, the unofficial total of all 26 precincts was 578 voting for the bond and 954 voting against it. With 1,532 votes submitted, the yes votes came in at 38% of the total cast, with the no votes totaling 62%.
Source: Hutch News
Downtown Pittsburg mural grants now available
The City of Pittsburg Downtown Advisory Board (DAB) has announced grant funding to bring more art to Pittsburg’s downtown district. The DAB is offering up to 50/50 matching funds, not to exceed $1,000, for murals in the downtown district and has allocated $2,500 for this year’s grant cycle. “The Downtown Advisory Board is excited to continue its commitment to arts in the downtown district,” says DAB Chair Sydney Anselmi. “Public art enriches the experience of both our residents and visitors to our community. Each little area we can brighten with public art easily brightens the areas surrounding it, and the goal is one day we have a colorful, vibrant, downtown corridor filled with art, businesses, and enriching experiences.” Grant applications will be accepted on a rolling basis until August 2023 or until funds run out. Applications will be considered at the regularly-scheduled Downtown Advisory Board meetings, held on the third Monday of each month at City Hall.
Source: City of Pittsburg
Fitch Ratings: Debt for utilities would increase under proposed PFAS rules
According to Fitch Ratings, the U.S. Environmental Protection Agency’s (EPA) recently proposed rule setting limits on per- and polyfluoroalkyl substances (PFAS) in drinking water would increase public water utilities’ debt burden as a result of the added costs of compliance. A recent press release from Fitch says the strong rate flexibility and capacity for additional debt exhibited by water systems is expected to limit the impact on credit quality, but will depend on the final scope of rule. EPA expects to finalize the rule by the end of 2023.
Source: Water Finance & Management