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.
Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told The Wall Street Journal in a livestreamed interview. “We will go until we feel we’re at a place where we can say financial conditions are in an appropriate place, we see inflation coming down. “We’ll go to that point. There won’t be any hesitation about that,” he added. Earlier this month, the Fed raised benchmark borrowing rates by half a percentage point, the second increase of 2022 as inflation runs around a 40-year high.
Source: CNBC
The City of El Dorado’s city manager, David Dillner announced on Tuesday morning the city public pool will be closed for the summer and maybe into next summer due to an electrical grounding issue at the pool. For the city of El Dorado, they were set to open the pool on Saturday, May 28 but Dillner announced on Facebook, an electrician was helping the city replace bulbs discovered the pool’s grounding system for the municipal pool had been compromised. “Due to the corrosive nature the pool environment and due to the fact the pool is about 50 years or so old and just due to age, overtime that system will obviously wear out and had not been replaced during the entire life of the pool,” Dillner said.
Source: Andover American
Gov. Laura Kelly recently signed a bill into law that will allow for the expansion of driverless vehicles in Kansas under certain circumstances. Senate Bill 313 allows for autonomous vehicles to operate without a human driver when the vehicle can perform basic safety measures like moving to the shoulder of a road and operate under basic road rules. It also requires that the vehicles don’t weigh more than 34,000 pounds on a tandem axle. The new law establishes an Autonomous Vehicle Advisory Committee, an agency that will be responsible for tracking the use and development of driverless vehicles in the state.
Source: Atchison Globe Now
On May 16, U.S. Senators Jerry Moran and Roger Marshall announced a round of grants from the U.S. Department of Transportation that will be going to 23 Kansas airports. The grants will be used to make repairs and upgrades at the airports. Among the airports selected for grant funding was Wichita’s Dwight D. Eisenhower Airport, which will receive more than $15 million to assist with qualifying projects.
Source: Derby Informer | Area
An Olathe-based manufacturer will move to a new headquarters in Spring Hill and aims to increase its workforce by almost 50% in the larger space. GemTech LLC’s predecessor company started about 50 years ago and has operated out of a 25,000-square-foot facility at 15665 S. Keeler St. ever since. But the plastic injection molding company has outgrown the space. Construction started in late April on its new 41,250-square-foot manufacturing facility at 185th Terrace and Webster Street. GemTech provides custom molding, design and development expertise for plastic injection molding and mold-making. The company serves the aerospace/aviation, pharmaceutical/medical, transportation, electronics and consumer product industries. GemTech’s website calls the company “the single source for mold and manufacturing service for every application and industry.”
Source: Kansas City Business Journal
USD 234 chose Destry Brown today as the new superintendent for the Fort Scott School District. School officials indicate Mr. Brown will begin his leadership of USD 234 on July 1st, 2022. Brown is currently serving as the superintendent of schools in Clinton, Mo., but the Fort Scott native says he’s excited to come back to Kansas. “I am so excited to be the new superintendent in my hometown! I look forward to serving the students, teachers, the Board and the rest of the Tiger community,” said Brown. “The Fort Scott school system has a rich history and tradition of excellence. The district has amazing staff and students as well as a super supportive community. All of those things working together will make being the superintendent in Fort Scott a joy and a pleasure.
Source: KOAMKOAM
A lawsuit has been filed by the City of Wichita against Genesis Health Clubs for failure to pay back the City for bonds that were issued for improvements to the Wichita Ice Center. The lawsuit alleges that the City of Wichita financed $760,466 to Genesis Health Clubs to add a fitness center to the second floor of the Wichita Ice Center. Since then, Genesis only made the first payment of $14,127.65 back to the City in June 2017 and has paid nothing since. The City of Wichita is attempting to recover over $424,000 for breach of contract.
Source: KSN-TV
It’s not just Sedgwick County seeing a rise in fentanyl. Many counties in Kansas are fighting the rise of the drug in their communities. The sheriff of Barton County said he is concerned about how much fentanyl is getting into the community. He said they keep finding it in many of the drugs they seize. “Now we’re finding methamphetamine that’s laced with fentanyl, and we’re seeing straight up fentanyl show up in our county,” said the Sheriff of Barton County, Brian Bellendir. A growing concern Bellendir said will continue to get worse. “One of the problems with overdosing is people you know they may overdose and not die, but we never hear about it,” said Bellendir.
Source: KSN-TV
In a reversal, the Haven city council voted Monday night to allow the logo, “In God We Trust,” on city vehicles. The Haven city council meeting was a packed house as attendees showed up to protest the removal of the logo. “They told the officer he needed to remove that from his vehicle,” said Haven resident James Schlickau. “I don’t believe the process was done correctly.” Many residents echoed that sentiment, saying the idea of removing the logo was brought up at the end of the last city council meeting. They say that did not allow for public feedback. The feedback was loud and clear Monday night.
Source: KSN-TV
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