Longtime Lawrence school board member explains how district’s budget crisis has unfolded

Lawrence school board Vice President Shannon Kimball took the board commentary portion of Monday’s meeting as an opportunity to provide some insight into the history of USD 497’s funding woes. The board heard from about 30 community members asking them not to close any neighborhood schools, and board members said they’d also received “hundreds” of emails.  “In many of the emails that I’ve received and conversations I’ve had since the beginning of the year, the community has asked, ‘How did we get here and why are we having these conversations now?’ I’m going to talk about that a little bit because, of all the board members here, I’ve been on the board throughout all these conversations, and I have some things to share.” In her speech Monday, Kimball – who was first elected in 2011 — addressed the complex factors that have created this budget crisis over the last decade, including repercussions of Gov. Sam Brownback’s administration, a lack of reserve funds, enrollment declines, and paying teachers competitive wages.
Source: The Lawrence Times

2022-01-25T23:31:44-06:00January 25, 2022|News|

The Fed is likely to signal a March interest rate hike and that further policy tightening is coming

The Federal Reserve is expected to say this week it is moving forward with interest rate hikes and considering other policy tightening, reversing the easy policies it put in place to fight the pandemic. The Fed begins its two-day meeting Tuesday and on Wednesday afternoon, the central bank is expected to issue a new statement that shows it is resolved to fight inflation. Against the backdrop of a violent stock market correction, Fed officials are expected to say they are ready to push up the fed funds rate from zero as soon as March. “We don’t expect them to sound dovish,” said Mark Cabana, head of U.S. short rate strategy at Bank of America. “The [bond] market seems to be reacting to the drop in equities plus the geopolitical tensions so maybe the Fed sounds not as hawkish as they otherwise would have. But we don’t think the Fed is going to come out and tell the market it’s wrong for pricing in four rate hikes this year.”
Source: CNBC

2022-01-25T08:01:00-06:00January 25, 2022|News|

‘Axe the Food Tax’ bill gets hearing as Kansas session speeds up

Kansas Gov. Laura Kelly’s plan to eliminate the state’s hefty food sales tax will be getting a hearing in the House Taxation committee this week. The governor’s plan, announced in November of last year, could save Kansans hundreds of dollars on groceries every year. It’s expected to save about $500 each year for a family of four…. It’s a sentiment that some Democrats and Republicans share. The bill, which would nix the state’s 6.5% food sales tax, is set for a hearing Tuesday afternoon …
Source: fox4kc.com | FOX 4 – WDAF

2022-01-25T08:00:09-06:00January 25, 2022|News|

Overland Park neighborhood opposed to home part of substance abuse rehab program

People in one Johnson County, Kansas neighborhood are opposed to the men moving in down the street. They’re part of a substance abuse rehab program, one that intends to use a home in Overland Park’s Shannon Valley subdivision to bring addicts back to society. Neighbors complain their presence threatens to make their streets dangerous…. Overland Park’s Planning office approved the plan on Thursday, citing the Fair Housing Act. That statute, which sits under the Americans with Disabilities Act, protects people in recovery from alcoholism and addiction as being disabled.
Source: fox4kc.com | FOX 4 – WDAF

2022-01-25T07:59:22-06:00January 25, 2022|News|

SEC taking a closer look at continuing disclosure for municipal bonds

The Securities and Exchange Commission’s acting director for its Office of Municipal Securities singled out disclosures related to its Rule 15c2-12 as an area the office is watching closely, following an academic study that found serious deficiencies in continuing disclosure. Ernesto Lanza raised that subject in his remarks before the Government Finance Officers Association’s Committee on Governmental Debt Management during GFOA’s 2022 Winter Meeting. … The concern is over two 2019 amendments to SEC Rule 15c2-12, which require bond issuers to disclose the incurrence of a financial obligation of the issuer or obligated person, if material, in addition to any agreements to covenants, events of defaults, remedies, priority rights or other similar terms of a financial obligation of the issuer or obligated person, if material. Source: Bond Buyer.
Ranson Financial assists Kansas local governments with continuing bond disclosure. For more information, contact Beth Warren at ewarren@ransonfinancial.com.

2022-01-25T07:52:34-06:00January 25, 2022|News|

Derby finance director announces retirement

The city of Derby’s long-time Finance Director Jean Epperson has announced her planned retirement on June 13, 2022. Epperson has been with the city of Derby since 2000, serving 21 years as finance director. “Jean is one-of-a kind and will be greatly missed,” said City Manager Kiel Mangus. “We have valued not only her knowledge and expertise, but also her friendly, patient demeanor. She has been a tremendous asset to the Derby community and I’m happy for her and wish nothing but the best as she begins the next chapter of her life.”
Source: Derby Informer | News

2022-01-25T07:44:17-06:00January 25, 2022|News|

Riley County eyeing House resolution aimed at requiring counties to have elected sheriffs

Riley County commissioners are keeping a close eye on a house concurrent resolution in the Kansas Legislature. HRC 5022 proposes a constitutional amendment requiring that a sheriff be elected in each county. The resolution was proposed in response to a few counties in Kansas switching to all appointed personnel. County Counselor Clancy Holeman says Riley County could be the only county to fall under an exemption. “If this bill passed we’d have a very good argument at least because it doesn’t say Riley County is exempt. It says that any county that abolished the office of sheriff prior to Jan. 1, 2021, as long as it did that would be excluded here, which looks like it’s only us,” he said. Holeman says while the resolution in its current form could exclude Riley County, it has the potential to evolve and eventually remove that exemption, once it were to leave committee. Commissioner Kathryn Focke didn’t like the idea of taking away the choice of the local government.
Source: 1350 KMAN

2022-01-25T07:43:51-06:00January 25, 2022|News|

Derby launches Commercial Facade Improvement program

Under discussion for the past year, the city of Derby officially launched its Commercial Facade Improvement program in mid-January. The goal is to support local businesses through funding for exterior building repairs or improvements and replacement/removal of non-conforming signs. This is a matching grant program and the city will contribute up to 50 percent of the cost for eligible improvements. Businesses can receive up to $5,000 for facade improvements and an additional $7,500 for sign updates for a maximum of $12,500 per property. Three quotes must be submitted for requests over $5,000 and the minimum grant amount is $1,000.
Source: Derby Informer | News

2022-01-25T01:15:59-06:00January 25, 2022|News|

Doorbell cam captures apparent black bear cub in Winfield

A Kansas wildlife official says an animal that was captured on video outside a Winfield home earlier this month appears to be a black bear cub. Video of the cub was posted to the Ring Neighbors app over the weekend, but the video’s timestamp shows it was recorded the afternoon of January 8. Matt Peek, a research biologist with the state Department of Wildlife and Parks, said the department isn’t aware of any resident black bears in Kansas and that it’s unclear where the animal came from.  “It would be unexpected for a wild bear cub to show up in that area,” Peek told Sumner NewsCow in an email.
Source: KAKE – News

2022-01-25T01:14:11-06:00January 25, 2022|News|
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