Kansas Municipal News
Kansas plan to penalize homeless people for sleeping on public property draws sharp criticism
A proposal to address homelessness with bans on camps for people without housing drew sharp criticism in the Kansas Legislature on Thursday. The legislation makes it a misdemeanor for unauthorized camping, sleeping or setting up long-term shelters on land controlled by the state or local government. That crime would come with a $1 fine. The bill would also let the Kansas attorney general penalize cities that don’t enforce the no-camping rule and let the state deny non-compliant cities money to combat homelessness — if a city also has an above-average homelessness rate.
Source: The Lawrence Times
Riley County appraiser: Valuations increasing by average of 13%
Most homeowners in Riley County will see value increases to their properties around 13%, according to Riley County Appraiser Anna Burson. Burson and her staff recently mailed the county change-in-value notices for 2023. County officials announced the mailings Monday. Burson said the average valuation increase for single family homes in Riley County in 2023 is 13.1%. The average value of a home in the county is $259,526. The average valuation increase for single family homes in Manhattan this year is 12.6%, with the average home value of $276,167.
Source: themercury.com
Kansas rating outlook revised to positive S&P Global Ratings says
S&P Global Ratings is expressing optimism about the fiscal health of Kansas. S&P Global Ratings revised its Kansas outlook from stable to positive on Tuesday this week. It also reaffirmed the state’s ‘AA-‘ issuer credit rating (ICR) its ‘A+’ rating for the state’s appropriation-secured debt. Additionally, S&P Global Ratings revised its outlook to positive and affirmed its ‘AA’ long-term rating for the Kansas Department of Transportation’s (KDOT) highway revenue bonds outstanding.
Source: Derby Informer | News
Fed Official Says Hotter Data Will Warrant Higher Rates
The Federal Reserve will need to raise rates to higher levels than previously anticipated to prevent inflation from picking up if the recent strength in hiring and consumer spending continues, a central bank official said Thursday. “I would be very pleased if the data we receive on inflation and the labor market this month show signs of moderation,” Fed governor Christopher Waller said in remarks posted on the Fed’s website. “But wishful thinking is not a substitute for hard evidence in the form of economic data. After seeing promising signs of progress, we cannot risk a revival of inflation.” Mr. Waller didn’t say in his prepared remarks whether he would continue to favor raising interest rates by a quarter-percentage point, which was his preference at the Fed’s last meeting, or whether he would instead support a larger half-point increase at its next gathering, March 21-22. The Fed’s rate-setting committee voted unanimously last month to slow rate increases by lifting their benchmark federal-funds rate by a quarter percentage point—to a range between 4.5% and 4.75%—following larger moves of a half point in December and 0.75 point in November. At their December meeting, most Fed officials projected lifting the rate to between 5% and 5.5% this year to combat high inflation by slowing economic activity.
Source: WSJ.com: US Business
10-Year Treasury Yield Tops 4% for First Time Since November
Lingering inflation and fears of higher interest rates lifted the 10-year Treasury yield above 4% on Wednesday, marking a fresh acceleration for a historic bond-market rout. The climb carried the key measure of borrowing costs back toward the decade-plus highs reached last year. Spurring the most recent leg: a run of strong economic data that dashed hopes inflation will rapidly slow to near the Federal Reserve’s 2% target. Yields topped 4% Wednesday morning after a slightly stronger-than-expected survey of manufacturing activity. Rising yields lift borrowing costs for consumers and companies, and hurt the prices of other investments by offering steady payouts with lower risk. The climb in yields has buffeted major stock indexes, with the S&P 500 losing around 2.6% in February.
Source: Wall Street Journal
Lawrence mayor to testify against proposed legislation that would take control from cities regarding homelessness issues
The mayor of Lawrence is scheduled to testify Thursday at the Kansas Capitol against proposed legislation that would take control away from local authorities who are trying to provide support for people experiencing homelessness. Lawrence Mayor Lisa Larsen will give oral testimony in Topeka against Kansas House Bill 2430, which is known as the “Safe Cities Act,” according to a news release from the City of Lawrence. The bill places requirements and restrictions on how cities can approach public camping and sleeping, and it restricts cities’ eligibility to receive state funding designated for addressing homelessness.
Source: LJWorld
Changes to competition bill would lessen impact locally
A bill that would provide private businesses that compete with governmental entities tax exemptions of property and sales taxes has advanced out of committee in the Kansas Senate. County Administrator Anthony Swartzendruber, who previously raised concerns with county commissioners about the bill, gave them an update Tuesday morning. He said the current version of the bill no longer had the words “ambulance service” or “city” in it, the latter of which would remove any concerns of the county being in competition with a private business since the county operates a bait shop. The bill now proposes to give tax exemptions to businesses that use their property for things like child care, health and recreation, entertainment or a restaurant if they are located in a city where at least one facility operated by a governmental entity competes with the business.
Source: Harvey County Now
Halstead businesses profit from the MAYB tournaments
About 40 teams participated in the MAYB (Mid-American Youth Basketball) tournament in Halstead last Saturday, according to MAYB Executive Director Matt Flaming. He estimated that 40-50 people (including the players and coaches) from each team attend the tournaments, which means that Halstead likely saw between 1,600 and 2,000 visitors on Saturday. That’s good news for local businesses. Alan Weber, who owns two of those businesses—D’Angelo’s Pizza and Pepper’s Mexican Bar & Grill—said it helps all of the businesses on Main Street. “I’m sure people go to the grocery store to get snacks and the gas station and they come to get pizza and Mexican food, sandwiches at Subway,” Weber said. “It’s definitely nice to have the extra business and see people walk up and down Main Street and check things out.”
Source: Harvey County Now
Fire departments to get new teaching tool
County fire departments soon will give fire safety presentations using an inflatable house that teaches children how to escape, how to use extinguishers, and kitchen and fireplace safety. The house, made by a Dallas company, costs $12,655 and will be used by all departments in the county. A donation from Sunflower Wind will pay for the house. It comes complete with instructions for exit drills and other safety procedures. It can be used indoors or outdoors and has non-toxic, water-based “smoke” to simulate burning. Children crawl through the house, locate an escape route, and crawl to assigned safety locations. Marion assistant fire chief Eric Hardey said he’d been looking for a new way to do safety presentations at Marion Elementary School.
[HILLSBORO Star-Journal
How long until Hutchinson has its new firehouse ready?
Not only will Hutchinson’s newest fire station be ready on time, it will have a new way to ‘hose’ off for firefighters. Because of the higher incidence of lead, smoke and toxic fumes that firefighters face, the new fire station will have showers located on the outer rim of the building, so firefighters will not bring the contaminants inside the station after a call. There will also be a special washing machine, an extractor, that washes their bunker gear. “They take a shower, get out of their dirty clothes that they wear, and then they’ll put on hospital scrubs, and so they’ll be clean, and that’s when they will actually enter inside the fire station to put on a different uniform,” said Doug Hanen, the division chief of operations for HFD. “So they should never be taking their contaminants inside the fire station where they’re living.”
Source: Hutch News
McKee to retire as Holton city manager
With Holton City Manager Kerwin McKee’s announcement of his upcoming retirement, the Holton City Commission will be looking for someone to fill his position. During the commission’s regular meeting last night — held a day later than normal due to the Presidents Day observance on Monday — McKee, who has worked for the city since 1996 and has served as city manager since July 2016, formally announced that he would be retiring as a city employee, effective May 1. “It was a very hard decision to make, and it took a long time to make it,” McKee said. “There’s a lot of things that weighed into this decision.”
Source: Holton Recorder
Historical horse racing proposed at Towne West, Greyhound Park
The Kansas Racing and Gaming Commission (KRGC) said Wednesday it has received three applications from companies to open historical horse racing (HHR) facilities in Wichita. Boyd Gaming Corporation on Tuesday submitted its application to open a casino in Park City, which would feature 1,000 HHR units, meaning gamblers would bet on races that have already finished. On Wednesday, an application was submitted by Flint Hills Entertainment, proposing a facility at Towne West Square. It also applied to open “Eureka Downs Horse Racing Track,” which would feature live racing in Eureka, Kansas.
Source: KSN-TV
Kansas City’s new airport is finally open
Kansas City’s new airport terminal has officially opened to the public, with the inaugural flight arriving from Chicago early Tuesday morning — and many more following. KCUR’s Frank Morris was there as the first passengers arrived and he spoke with Steve Kraske on Up To Date about how the big day went. St. Louis Circuit Attorney Kim Gardner saw some of her political support collapse last week when a man who repeatedly violated house arrest seriously injured a teenage athlete. She’s now facing an effort from Missouri’s attorney general to remove her from office. St. Louis Public Radio’s Jason Rosenbaum looks at why the outcome of the judicial bid to oust Gardner could have larger implications than just whether she stays in office.
Source: KCUR News
Lawrence to create pallet shelter village to help homeless
The City of Lawrence, Kansas continues to work on options to help those homelessness in the community. On Wednesday, the city said it is preparing to create a pallet shelter village, which will serve as an emergency shelter option for those currently experiencing homelessness. The idea is to build dozens of shelter homes out of pallets to provide a transition to permanent housing. The modular homes include heating and cooling. They are set up to include restrooms, laundry, shower and gathering space for a group of people to use.
Source: KSNT 27 News
Rent keeps increasing in Wichita. Here’s what experts say is behind rising housing costs
Monthly rent costs in Wichita are steadily increasing each year, but are still low compared to markets across the country, according to local real estate experts. According to a report released by NAI Martens, an area commercial real estate agency, late last year, rent rates in Wichita increased 1.8% in 2022 and 9.4% in 2021, which was the biggest jump in the last five years. In 2020, rent rates only saw an increase of 0.4% due to the coronavirus pandemic. The big jump the following year was to “catch up” from the lower increase the year before, Jeff Englert, senior vice president of NAI Martens, said.
Source: Local News | Wichita Eagle
Google Fiber is coming to Leawood after 10-year wait
Internet provider Google Fiber has started building a network for Leawood residents and businesses. Utility work began in the northern part of the city for the new network this week, which will serve both residential neighborhoods and small businesses in Leawood. Debuting in 2010, Google Fiber already serves several communities surrounding Leawood. According to the company’s FAQ page, Google Fiber is already up and running in Overland Park, Olathe, Shawnee, Roeland Park, Lenexa and Prairie Village. Customers can opt for plans ranging from $70 to $120 a month, depending on which speeds they opt for and if they include cable television in their plan.
Source: Prairie Village Post
Overland Park exploring sales tax increase to limit chip seal use
Following years of resident complaints about its chip seal method for road repairs, Overland Park is exploring a possible solution: a sales tax increase. Residents have voiced long-standing concerns about chip seal, arguing that the finely crushed rock used as a top-layer surface often gets tracked around residential streets and can prove hazardous to children and cyclists. Increasing city sales taxes could cover costs for a different but more expensive kind of road resurfacing, allowing the city to gradually lessen its reliance on chip seal.
Source: Prairie Village Post
Wind farms are transforming the Kansas landscape. Here’s an effort to tone down their lights
Wind farms continue to spread across Kansas — but with new features that will tone down the way they interrupt wide open skies with red, blinking lights visible for miles and resented by many rural residents. This year, Kansas will get its first two wind farms designed to produce less light pollution — High Banks north of Concordia and Sunflower Wind Farm about an hour west of Emporia. Meanwhile, state lawmakers are considering a law to make other wind farms follow suit. A few states, such as North Dakota and Colorado, blazed the trail in recent years by adopting similar rules. But Kansas, which ranks fourth in the U.S. for wind power, would be the biggest windenergy-producing state to mandate light mitigation.
Source: The Lawrence Times
Did Wichita settle with its newest $400M riverfront plan for Century II?
Wichitans got their first look Tuesday at a new plan to reimagine Wichita’s downtown riverfront, including what to do with Century II, Bob Brown Expo Hall and the former central library. The new plan, though, has begged the age-old question in this city: Did Wichita settle? The preliminary concept, presented to Wichita’s City Council by international design firm Populous, comes with a $400 million price tag — significantly less than the $1.2 billion Riverfront Legacy Master Plan, which had momentum in early 2020 until it was derailed by the Covid-19 pandemic.
Source: Wichita Business Journal
Municipal Bond Trends for March 1, 2023
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, Beth Warren and Henry Schmidt.