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.
The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. In taking the benchmark overnight borrowing rate up to a range of 2.25%-2.5%, the moves in June and July represent the most stringent consecutive moves since the Fed began using the overnight funds rate as the principal tool of monetary policy in the early 1990s. While the fed funds rate most directly impacts what banks charge each other for short-term loans, it feeds into a multitude of consumer products such as adjustable mortgages, auto loans and credit cards. The increase takes the funds rate to its highest level since December 2018.
Source: CNBC – Bonds
The Newton Pool’s design has made a big enough splash to be recognized by an aquatic magazine. Aquatics International placed a spotlight on the Newton municipal pool for its bright color exterior and the city’s ability to wisely use its budget in the recent “2022 Dream Designs” issue. The architectural design of the pool was worked on by Lamp Rynerson and was submitted to the magazine by project manager Kyle McCawley. Director of Public Works Suzanne Loomis said the people in this city have been waiting a long time for this pool and it’s nice to see it win.
Source: Harvey County Now
Golf cart users in Halstead take note: the city has revised its regulations. The city council approved a new ordinance Monday that eases some restrictions and lowers fines for violations. Among these, golf carts will no longer be prohibited on First Street and any driver with a valid license can operate a golf cart. This means a 16-year-old with a restricted license could drive one whereas previously drivers needed to be at least 18. It also modifies the rules for child restraints. Children ages 4 and under are required to ride in a property installed car seat with a seatbelt. Children ages 5-8 may ride without a booster seat but must wear a seatbelt. Children 9 and older are not required to wear a seatbelt.
Source: Harvey County Now
So far USD 439’s new superintendent Greg Lehr, who started his post on July 1, has wrestled with the district’s annual budget, strived to build relationships with his new co-workers and adjust to a new work environment, and spent time working from home because construction meant the building went without power for a time. Yet he goes home each night with a smile on his face and excited for the next day. “Hopefully that’ll continue for a long time,” Lehr said. “I have no doubt that it will. I just feel like every day has been a great day and looking forward to the next one.”
Source: Harvey County Now
Before a full house, including proponents of wind energy, the Board of Harvey County Commissioners tabled its plan to adopt a temporary moratorium on wind farms Tuesday. Commissioners voiced unanimous support a week earlier for giving the Harvey County Planning Commission more time to update county regulations. The county also is in the process of updating its comprehensive plan, which is due to arrive this coming Monday. Commissioner Randy Hague was the first to break ranks after Fiona Bagwell, with NextEra Energy, said a moratorium would have a negative impact on her company’s ability to secure leases from landowners. She said she could guarantee that her company would not be ready to start the application process for erecting the wind turbines until at least January and probably not until March. Commissioners had planned to adopt a six-month moratorium.
Source: Harvey County Now
Hillsboro City Council voted Tuesday to pay Ranson Financial $7,500 to write a $600,000 grant for a child care center that has been high on the city’s strategic plan since the plan was last updated. City administrator Matt Stiles said donations had been raised toward the project, mostly through Hillsboro Community Foundation. Others who have given money toward a child care center include the health department, the extension district and the school district. … Rosemary Saunders of Ranson said she expected Hillsboro to have a better chance of getting a grant because the county does not have enough child care facilities.
Source: HILLSBORO Star-Journal
Century II in Wichita is under new management, and now the downtown performing arts center has a new logo. At a Wednesday morning news conference, officials with ASM Global — which took over control of the building last fall — revealed new “branding” for the building that will begin appearing on signs, staff uniforms, advertisements and more. It features a blue letter “C” whose outer edge looks like the iconic blue roof on the building, which opened in 1969. The logo was designed by ASM Global, which also manages Intrust Bank Arena and The Orpheum Theatre in Wichita.
Source: Wichita Eagle
A new logo is in the works for the city of Emporia, and commissioners are moving forward with two options to source a design. Beginning Aug. 1, local professionals can submit their designs for consideration on www.designcrowd.com. According to a written release, crowdsourcing through agencies such as Design Crowd, allows professional graphic designers from around the world, as well as local professionals to submit their design for consideration. “The crowdsourcing project allows the city to give details about aspects represented through a new logo design,” said city of Emporia communications manager Christine Johnson. “The city logo committee is then able to review, rate, and give feedback to the professionals selected for recommendation. Although, the author of the design is not revealed until a winning design is chosen. This way the winning design is chosen solely off merit of design.”
Source: Emporia Gazette
The City of Lawrence is looking for community input as part of an upcoming update to the city’s brand and marketing strategies. The city allocated $100,000 toward the effort. That includes $81,535 toward a contract with Guide Studio, with the remainder used for implementing the consultant’s recommendations, according to city spokesperson Porter Arneill. … Arneill said the city’s current logo and style guide dates to 2007, and the city has not refreshed or updated its brand since. He said the brand refresh will benefit the community because it helps the city better communicate and engage with Lawrence residents and those who work in or visit the city.
Source: LJWorld
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