Kansas Municipal News
Local government news, municipal finance updates and job openings, collected for city and county officials.
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Cities’ Credit Ratings Are at Risk Because There Aren’t Enough Accountants
Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. S&P has placed 149 long-term, underlying and program ratings on a negative credit…
Fed’s Tightening Plans Collide With SVB Fallout
The collapses of Silicon Valley Bank and Signature Bank give Federal Reserve policy makers two good reasons to hold off on raising rates when they meet next week. But the latest run of economic data can only serve to remind…
Banks got hammered by SVB’s collapse. But the Fed might still raise rates
A joint guarantee by the Federal Reserve, the Treasury Department and the Federal Deposit Insurance Corporation wasn't enough to stop the bank rout. Regional banks were hammered by the second- and third-largest bank collapses in U.S. history. ... Despite the…
Kansas sales tax cut on food would cost local governments $180M. Here’s what might happen.
If a Kansas Senate plan to exempt food from state and local sales taxes becomes law, local governments could be facing a collective $180 million shortfall, leaving little option but to raise property taxes if the state doesn't compensate them.…
Municipal Bond Trends for March 13, 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…
Kansas marks 33 years since deadly F-5 ‘Hesston tornado’
On this day in 1990, a deadly F-5 tornado ripped through the town of Hesston in Harvey County. The twister was on the ground for nearly 50 miles and, at one point, merged with a sister tornado nearby. Two people…
Groundwater levels fall across western and south-central Kansas
Northwest Kansas GMD 4, which saw well-below-average precipitation in 2022, experienced a drop of 1.31 feet in 2022 groundwater levels after declines of 0.53 feet in 2021 and 0.70 feet in 2020. GMD 4 covers Sherman, Thomas, Sheridan and parts…
How local leaders are addressing spike in property valuation
At the beginning of this week, the Sedgwick County Appraiser's Office had three appeals. As of Wednesday afternoon, that number jumped to 98 appeals (with an anticipated total of more than 5,000 this year). "I have spoken with friends and…
Wichita State’s Innovation Campus to add $75 million building to help combat gun crimes
A new $75 million building on Wichita State’s Innovation Campus will house a federal laboratory that will process shell casings to help law enforcement agencies across the country solve gun-related crimes. The building also will house the federal Bureau of…
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Contact Larry Kleeman or Henry Schmidt, call (316) 264-3400 or email info@ransonfinancial.com.
