FreeState Electric Cooperative is taking a big step into the world of solar energy. The Eastern Kansas co-op has partnered with another company to open a solar energy farm just south of Oskaloosa. The new farm has 3,500 solar energy panels that create enough energy to power 170 homes. CEO Steve Foss said the panels will help customers by producing more energy during the summer.
Source: KSNT News
“That’s going to be a big concern,” County Clerk Donna Zimmerman said. “It is going to be a big deal.” In a nutshell, SB 13 prohibits all taxing entities from increasing their tax collections by more than they did the year previous. This means, if an entity’s valuation (the total value of all property) goes up, the mill rate would have to go down to collect the same amount of taxes. In addition, it establishes a requirement of notices to taxpayers and public hearing for municipalities seeking to collect property taxes exceeding their revenue-neutral rate. This supplants the property tax lid put in place by the legislature in 2016. This, among other things, imposed a restriction on the amount that municipal property tax levies could rise.
Source: Great Bend Tribune
There was one report of a minor injury and that individual is being called a hero. Capt. Matt Goscha works for the Selden Volunteer Fire Department. When the tornado got close, Selden lost power and couldn’t start the sirens. Goscha hopped in a truck and drove around, street by street, with a siren telling people to take shelter. When the twister hit, he was right in the middle of it. Debris broke the windows in his truck and an electrical line hit him in the back of the neck.
Source: KAKE – News
After years of service, Mayor Dave Schrag will be stepping down from his post as Mayor of Goessel. Schrag has served two separate stints as Mayor, from 1993 to 1999 and 2014 to 2021. Schrag said he was motivated to join city government on a write-in campaign the first time he took a leadership role. “The city streets were in bad shape, and the Council didn’t want to let go of the money to fix them, but it was in the budget. That was the main thing that got me going,” he said. During his tenure as Mayor, Schrag was not afraid to roll up his sleeves, frequently assisting city employees with physical labor and repairs to city equipment.
Source: Hillsboro Free Press
Sixty-six years ago today, May 25, 1955, a tornado struck Udall, Kansas. It would be the deadliest tornado ever to hit the state. An F-5 tornado hit the town of Udall, killing 80 and injuring more than 200. The region had endured three days of storms, one of which hit Oklahoma, killing 20. But, at 10:30 p.m., a tornado hit Udall, becoming the deadliest storm in Kansas history.
Source: KSN-TV
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.
U.S. Treasury yields fell on Tuesday morning, following recent comments from Federal Reserve officials, allaying fears around inflation. The yield on the benchmark 10-year Treasury note fell to 1.591% at 4:20 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.283%. Fed Vice Chair for Supervision Randal Quarles is due to speak before the U.S. Senate Committee on Banking, Housing and Urban Affairs at 10 a.m. ET on Tuesday.
Source: CNBC – Bonds
The Sheridan County Emergency Management confirmed a tornado touched ground in the town of Selden Monday around 6:30 p.m. The emergency manager reported buildings and trees down, homes damaged, an overturned semi and possibly one injury. There has also been a train overturned and a silo destroyed. “We have reports of injury crashes from semi-trucks that were blown over. We also have a train that is blown over,” said Kansas Highway Patrol Trooper Tod Hileman. “We are checking on the residents of Selden to make sure that they are okay and the surrounding area.”
Source: KSNT News
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.
Amid a nationwide reckoning with police brutality and the role of police in communities, city leaders will soon review the findings of a recently completed study of the Lawrence police department and recommended changes to its operations. As part of a special meeting Tuesday, consultants with Citygate Associates will present the findings of the police department study to the City Commission and the public. The commission called for the study and subsequent report following national and local protests against police killings of Black people and other people of color, and calls for reallocation of some police duties. The subsequent report includes 75 recommendations across various categories, including race-related issues and community engagement, handling of complaints against police, and alternative responses to policing.
Source: LJWorld.com.
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