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.
Employees working for the city of Wichita’s departments — including police, fire, human resources and elected officials under the city council umbrella — made an average of $50,580.21 in total compensation last year, according to an analysis of 2020 public salary data obtained by The Eagle. The calculation takes into account overall pay for all employees who made money from the city in 2020 including low earning seasonal workers, such as teenage swimming pool lifeguards who made much less than the average, and those making six-figure salaries, like the police and fire chiefs, the mayor, the head of Eisenhower National Airport and the city manager. The data includes all employees who received pay from the city in 2020, including those who retired, quit or left their jobs for other reasons. The median income for all city workers was just north of $52,000 — close to the 2019 citywide median household income of $52,620 reported by the U.S. Census Bureau.
Source: Wichita Eagle
Discussion over the reappointment of a Winfield Recreation Commission member at the July 6 Winfield board of education meeting has led the board to write down and clarify its policy. … The discussion at the earlier meeting centered around the number of times a person can be reappointed to the recreation commission. It was not a matter of the quality of the person’s service but the number of times that person has been reappointed automatically without a search for another person to fill the position.
Source: The Arkansas City Traveler
Crime — especially property crime — increased in Overland Park last year with many categories on track to stay higher or increase again by the end of this year, according to police department statistics. After a dip in 2019, overall crime rates in 2020 climbed back up to slightly above where they were in 2018. Of particular note are increases in auto theft and auto burglary, but aggravated assault, domestic violence and weapons violations also increased last year. The statistics note only incidents in which officers could verify evidence that a crime had taken place, said police spokesman Officer John Lacy.
Source: Shawnee Mission Post
It’s a big weekend in Pittsburg for business that celebrates the work of local artists. And, Artforms Gallery is doing a little celebrating itself, as in its 5 anniversary. Since it started, the gallery has served as a collaborative effort between local artists. It also serves as a classroom for those who wish to take up different mediums of art. Some of those classes are available during this weekend’s open house workshops. Janet Lewis, Artforms Gallery Managing Member, says, “Right now we have 17 different artists and you’ll see a range of styles, media, price range and that sort of thing, so to be able to establish an ongoing relationship with people who really relate to you and your work, that’s the most valuable part for us as artists.”
Source: KSNF/KODE
Thanks to help from a local family, the city of Frontenac will soon welcome a new resource. It’s in the early stages of bringing a new library to town. And it’s thanks to a $4,000,000+ donation from the Tavella family. City officials hope to make this a community-led project, and are looking to establish a committee to head the effort.
Source: KSNF/KODE
A federal infrastructure bill holdup is delaying improvements to the Topeka Metro, according to the bus system’s manager. Congress members disagree on how to pay for the bill, according to Rob Scott, Senior Economist at the Economic Policy Institute in Washington, D.C. “The problem has been a reluctance to spend, a reluctance to tax, a desire to prioritize tax-cutting over all other priorities,” Scott said. The bill contains funding that would help get new busses rolling around Kansas’ capital city, according to Topeka Metro General Manager Robert Nugent. The bus system has to replace 26 of its vehicles in the next five years, and a current earmark request from Kansas’ 2nd Congressional Rep. Jake LaTurner would provide funding to replace seven busses.
Source: KSNT News
More than a dozen historic hotels are located in Kansas, with many built in the early 1900s at the height of the railroad rush. Over the past century, many of the state’s historic hotels have changed ownership and some have temporarily closed. For some, community members stepped up, realizing the importance of these hotel’s history not only to their town but also the state. Historic preservation is a common theme among hotel owners, and many have gained a spot on the National Register for Historic Places. Sara Fox, owner of Holton’s Hotel Josephine, has made historic preservation a priority since the family purchased the building in 2020.
Source: Salina Journal.
The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following a plunge in interest rates that bucked expectations of higher yields this year as the economy rebounds from the COVID-19 pandemic. Yields, which move inversely to prices, have been in a downward trend since the last Federal Open Market Committee meeting in June. The market initially perceived the Fed as being a bit hawkish as policymakers last month projected an accelerated timetable for rate hikes and opened discussions on ending crisis-era bond purchases amid a backdrop of rising inflation. But the benchmark 10-year note yield, which rose as high as 1.776% in late March, fell to its lowest level since February on Tuesday at 1.1280%.
Source: Reuters.
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.
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Wichita, KS 67202
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info@ransonfinancial.com
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