Rising Rates Hit Municipal Bonds

Municipal-bond investors spent more than a decade fretting about state and local government finances. Now they are worried about interest rates. Municipal budgets are in far better shape than during the aftermath of the 2007-09 financial crisis or the early-Covid shutdowns when investors fled munis in droves. But the expectation that the Federal Reserve will begin ending pandemic stimulus measures has driven yields on state and local debt, which rise when bond prices fall, to their highest levels since April 2020. “Credit has just not been the boogeyman that anyone thought it might be,” said Matt Fabian, a partner with Municipal Market Analytics. “The real risk in the sector at least for now is rates.” … Many now consider the prospect of rising rates a more immediate threat, reducing the appeal of outstanding debt by offering better returns on newly issued bonds. Benchmark 10-year, triple-A general-obligation bonds were trading at 1.65% Friday, according to Refinitiv MMD, up from 1.04% at the start of the year.
Source: Wall Street Journal

2022-02-22T07:54:44-06:00February 22, 2022|News|

Kansas City, Kansas, mayor shares goals and frustrations two months into his term

Tyrone Garner, former Kansas City, Kansas Deputy police chief was sworn in as mayor/CEO of the Unified Government of Wyandotte County and Kansas City, Kansas, on December 13, 2021. When asked about the on-going federal investigation into misconduct by the city’s police department from which he retired in 2019, Mayor Garner provided few details The KCKPD is under a federal investigation stemming from allegations of decades of abuse and corruption at the hands of law enforcement officers. As an internal affairs officer, Garner said at times he was responsible for investigating and disciplining officers for misconduct.
Source: KCUR

2022-02-22T00:26:25-06:00February 22, 2022|News|

Historic Larned Opera House to be demolished

More than a century-old opera house in western Kansas is about to be obsolete. Larned officials say the building is a danger to public safety. The Larned Opera House sets on the corner of Fourth Street and Broadway. “This guy named John Schnack, he in 1886, decides he, the community can support and need a venue to show plays and stuff,” said Kevin Holt, historian. The opera house was built on top of five businesses.
Source: KSN-TV

2022-02-22T00:24:49-06:00February 22, 2022|News|

Kansas is looking to develop its agriculture industry

The Kansas Department of Agriculture has launched its second Agriculture Workforce Needs Assessment Survey. This is through a partnership with the Department of Agriculture Economics at Kansas State University. The survey is designed to help find current and future needs people in the industry face. It hopes to identify jobs and specific skills required in the industry and help promote growth in the state. Kansas farmers, ranchers, and producers are asked to contribute to the assessment.
Source: KSNF/KODE

2022-02-22T00:22:20-06:00February 22, 2022|News|

Parsons gets first look at future veterans memorial

People are getting their first look at a new memorial coming to Parsons. The first rough drafts have been completed for Five Pathways to Freedom veterans memorial. It’s expected to be built next to the Parsons Municipal Building and will honor veterans from the five military branches. The renderings were created by former and current students at Parsons High School. “Mainly it’s just been me and Colin Ryan, we’ve been the main contributors to it and that’s just what we’ve been working on for the majority of our first semester here,” Nick Sanborn, PHS Senior, “We still add little details here and there and still whatever Mr. Rea asks us to do we still put it on there.”
Source: KSNF/KODE

2022-02-22T00:15:33-06:00February 22, 2022|News|

Hydroponic Kansas farm is thriving this winter, influencing local county schools

The winter weather can put a lot of plans on hold like school, business, or even events. But one Pittsburg business was built to grow in this, or any kind of weather — all while making nutritious food more accessible. “Weather does not affect our farm. You know it’s blowing cold wind outside, and we’re standing in here, it’s 71 degrees,” said Brad Fourby, Leafy Green Farms Owner. The winter weather isn’t slowing down production at Leafy Green Farm. “We’re standing in a 40-foot shipping container that’s not even hooked up to the city water, and we use about 10 gallons of water a day to grow about 100 pounds of leafy greens for the community. It’s doing perfectly. We had a nice harvest. We got some nice Swiss chard, some basil, some purple basil.”
Source: KSNF/KODE

2022-02-22T00:14:24-06:00February 22, 2022|News|

High school composting project expands within community

What started as a high school project has become a force for change across Cherokee County. Compost, the newest form of waste reduction that will soon help make some gardens bloom a little brighter. “It’s something that I always wanted to do, but it just gave me time to sit down, plan it out and be like ‘Hey! Maybe this would work out,” said Emily Welch, Columbus High School student. Welch partnered with fellow senior Casey Soper and quickly the project began coming together. “My teacher told me the K-State Extension office had a grant for composting. I was like ‘Oh my gosh, everything is aligning,'” said Welch.
Source: KSNF/KODE

2022-02-22T00:11:22-06:00February 22, 2022|News|

Topeka’s Gage Park in motion to get new train

The Shawnee County Commission approved a request by the Shawnee County Parks and Recreation Department to start looking for bids to purchase a new Gage Park train. “The current train is down regularly a day, a week, when it’s in season for repairs. Also, replacing will make it ADA compliant so everyone can ride,” Director Tim Laurent said. The train is expected to cost $600,000 to $700,000, however, the money will come from the American Rescue Plan Act. County Commissioner Kevin Cook asked the Parks and Recreation Department if the old train could be put on display. The idea was well received and both the commission and the parks department agreed to honor the legacy of the train by putting it on display.
Source: KSNT News

2022-02-22T07:41:21-06:00February 22, 2022|News|

‘We can’t wait 15 years’: Legislative committee works to overhaul Kansas water policy

Time to protect water in Kansas is running short. Parts of the aquifer in far western Kansas may only have 10 years of water left. Small towns are struggling to provide clean drinking water, and upgrading their facilities would bankrupt them. If the state is going to preserve its water resources, it has to act soon, say proponents of an overhaul to the state’s water regulation. “I don’t like to use the word ‘crisis,’ but our situation in our state is serious,” said Rep. Ron Highland, chairman of the House Water Committee. For years, the state hasn’t fully funded its water plan. It has failed to secure federal grants to help with water projects because they require a state match. Gov. Laura Kelly has proposed in her budget that the state fund its share for water programs — $8 million — for the first time in more than a decade.
Source: The Lawrence Times

2022-02-22T00:05:08-06:00February 22, 2022|News|
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