7 Tuesday, June 7

GFOA debt committee launches ‘wholesale review’ of best practices

2022-06-07T01:01:20-05:00June 7th, 2022|

The Government Finance Officers Association's debt committee Saturday recommended repealing a decades-old policy position against taxable debt and revamping a swath of best practices ranging from issuing variable-rate debt to hiring underwriters as part of a wider updating of its best practices and policy statements. Meanwhile, the GFOA’s next debt-focused best practice is likely to focus on designated green bonds, debt committee members said Saturday. At its meeting Saturday ahead of the GFOA’s 116th conference in Austin, Texas, the debt committee spent hours recommending updates to the association’s best practices, which guide tens of thousands of local and state governments across [...]

7 Tuesday, June 7

Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes

2022-06-07T08:09:28-05:00June 7th, 2022|

Federal Reserve Vice Chair Lael Brainard said Thursday that it's unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed. "Right now, it's very hard to see the case for a pause," she told CNBC's Sara Eisen during a live "Squawk on the Street" interview that was her first since being confirmed to the vice chair position. "We've still got a lot of work to do to get inflation [...]

7 Tuesday, June 7

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

2022-06-07T08:09:36-05:00June 7th, 2022|

Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year as part of an effort to bring inflation under control. Specifically, the central bank official said he would support hikes that exceed the "neutral" level considered neither supportive nor restrictive for growth. Estimates Fed officials provided in March point to a 2.5% neutral level, so that means Waller sees rates increasing at least another 2 percentage points from here. "Over a longer period, we will learn more about how monetary policy is affecting demand and how supply constraints are evolving," Waller said [...]

7 Tuesday, June 7

Riverfest attendees provide big boost for business downtown

2022-06-07T00:54:58-05:00June 7th, 2022|

Large crowds at Riverfest this year are breaking records…and selling out hotels nearby. Downtown Wichita, a local organization working to develop the area, said events like Riverfest are huge for economic and community development in Wichita. Executive Vice President Jason Gregory said that this Riverfest is especially important for downtown development post-pandemic. “It couldn't happen soon enough,” Gregory said. “I can tell you that. But, yeah, now that we're here it's really exciting to see all the people come back to support downtown.” One business benefiting? The Fairfield Inn & Suites just down the street from Riverfest. Staff there said the [...]

7 Tuesday, June 7

Johnson County approves less strict set of regulations for solar power facilities

2022-06-07T08:10:49-05:00June 7th, 2022|

At a special meeting Monday, the Johnson County Board of County Commissioners approved a set of regulations for solar energy facilities that was less strict than those recommended by the county planning commission. Commissioners met to discuss the planning commission’s latest recommendations for regulating a utility-scale solar energy generating facility that it submitted on May 10.... The board went against the planning commission’s recommendation to cap the maximum acreage for facilities to 1,000 and approved a 2,000-acre maximum instead. It also voted to keep the original proposal that any solar facility be one and a half miles from a city border [...]

7 Tuesday, June 7

Could more entrepreneurs help revive the heartland?

2022-06-07T00:49:31-05:00June 7th, 2022|

For heartland communities hoping to thrive, encouraging and supporting entrepreneurs can energize the local economy. Places such as Ord, Nebraska, have emerged as regional poster children for economic development. Peers such as Council Grove in Kansas are seeing green shoots of their own. But such shifts can be difficult to make, and there isn’t a tried and true formula that works everywhere. To figure out what works, communities have to develop their own combination of tactics and be willing to push until they find their version of success. Source: KLC Journal

7 Tuesday, June 7

Kansas farmers raising concern over rock quarries in Pottawatomie County

2022-06-07T00:48:15-05:00June 7th, 2022|

A local Kansas farming community is bringing their worries to local county commissioners after a Kansas Department of Health and Environment investigation confirmed their concerns were real. "We've had challenges or concerns all along with the water quality issues being allowed to go downstream on Cole Creek or Indian Creek," Rodney Biesenthal said, a Wheaton farmer. These concerns started 10 months ago when water runoff from a local rock quarry raised concerns for farmers in the area. A rock quarry is a place where rocks, sand, and other minerals are extracted - a type of open-pit mine. After testing through the [...]

7 Tuesday, June 7

Visit OP’s new boss looks to future following pandemic years — ‘We have a lot to offer’

2022-06-07T00:47:18-05:00June 7th, 2022|

Overland Park’s visitor and tourism department is officially under new leadership now that Visit Overland Park has brought Warren Wilkinson on as the organization’s new president. Who he is: Wilkinson and his family originally moved to the Kansas City area from Chicago in 2018, in part, to be closer to his children’s grandparents. (His wife is from here.) He had previously worked in travel and tourism for 20 years, including work as chief marketing officer for Visit Indy, the official tourism site for Indianapolis, Indiana. He officially started his new job with Overland Park in April. Why Visit OP: Wilkinson said part of what [...]

7 Tuesday, June 7

Is your tap water funky? City of Lawrence is working on it

2022-06-07T00:42:07-05:00June 7th, 2022|

Some Lawrence folks have found their tap water to smell and taste rather unappetizing lately. The city says its Municipal Services and Operations department is working to address it. “The Clinton Water Treatment Plant is currently treating water with elevated levels of geosmin, a byproduct of naturally occurring algae,” according to a news release from the city. “The geosmin poses no health risk to residents or their pets but may cause a noticeably earthy smell and taste in the water.” The city says some people can detect geosmin at very low levels; others may not notice it at all. “The City [...]

7 Tuesday, June 7

Old West Lawrence neighbors win city board’s vote to delay action on traffic plan

2022-06-07T00:39:55-05:00June 7th, 2022|

Multi-modal Transportation Commission members listened to Old West Lawrence neighbors Monday and voted unanimously to hold off on approval of the city’s plan for permanent traffic barriers in the neighborhood. Several neighbors believe that through their group efforts, they have created a better plan to make the streets safer than what the city and consultants have proposed. The traffic devices placed throughout the neighborhood’s streets last fall sparked some disagreements among neighbors and had been a divisive issue. However, most of the vocal residents of the neighborhood — which spans approximately from Sixth Street south to Ninth Street and from the [...]

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