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.
Kansas Gov. Laura Kelly’s order Tuesday to keep students out of K-12 schools for the remainder of the school year incited an explosion of anger, shock, tears and questions that school officials have not answered yet.
The move, unprecedented for the state, was needed because it became clear that the spread of the new coronavirus “cannot be controlled if school districts return to normal operation,” Kelly said.
Some school districts posted notices as soon as Kelly spoke, promising details to come. But confusion reigned, judging by the social media storm that followed.
(Read more: KC Star Local News)
The House and Senate considered last-minute negotiations on a new 10-year transportation plan guaranteeing infrastructure money to every county in Kansas and a mandate to complete unfulfilled promises of the T-Works program launched a decade ago.
House and Senate members Tuesday were pressing to complete legislative work before adjourning early because of the spread of COVID-19 in Kansas.
The Senate approved the $9.9 billion FORWARD plan for construction, improvement, reconstruction and maintenance of the state’s transportation system based on recommendations by Gov. Laura Kelly. Also on Monday, the House came up with a modified $9.9 billion package christened in honor of Dwight Eisenhower and designed to direct more resources to rural areas.
(Read more: Local – The Topeka Capital-Journal)
The municipal market was once again pummeled as financial and government systems around the world grapple with the growing COVID-19 pandemic.
The short end of the municipal curve was again down by as much as 25 basis points by some reads in the 1- to 5-year on Tuesday with sources citing confusion, dislocated pricing, and benchmarking as trades showed selling pressure on the short end of the curve as investors fought for cash.
Meanwhile, New York City may follow San Francisco and enact a “shelter in place” order within 48 hours, the Mayor Bill de Blasio said Tuesday afternoon, which will likely further disrupt the country’s financial capital.
The Federal Reserve Board moved to bolster confidence and liquidity in U.S. financial markets Tuesday as it established a commercial paper funding facility to support up to $1 trillion for the flow of credit to both businesses and households.
(Read more: The Bond Buyer)
Everything got different last week under the Dome.
After legislators spent weeks reading and listening to news about the coronavirus, or COVID-19 as it’s called by heath experts, they quietly and with whispers learned that a member of the Legislature who had been sneezing was tested for the sometimes-fatal disease. The lawmaker tested negative over the weekend–doesn’t have it.
The news doesn’t get much better than that in the culture that lives under the Dome and chats elbow-to-elbow at the third-floor Rail, and crowds into elevators and, well, generally lives in a building only slightly less crowded than a prison yard.
(Read more: DerbyInformer.com – news,news/)
Over the years I have seen a number of new facilities, businesses and public meeting places that from my view have been significant to the enhancement of Derby.
The opening of Rock Regional Hospital in Derby a little less than a year ago was definitely one of those significant enhancements to Derby. It’s not just from the mere fact of what having a hospital in your community does for improving health care, but as much from the facility itself, and what is inside of it.
I remember when I walked through the doors for the first time. All I could feel and say was “wow.” It didn’t feel like I was in Derby anymore.
(Read more: DerbyInformer.com – news,news/)
Operations at the four state-owned casinos in Kansas have been suspended until at least March 30. The decision, announced Tuesday by the Kansas Lottery, follows Gov. Laura Kelly’s executive order Monday immediately banning gatherings of 50 or more people amid the COVID-19 pandemic.
(Read more: Pittsburg Morning Sun)
Effective March 17, the Kansas Cosmosphere will be shutting down as a precaution in response to concerns over the coronavirus. Staff positions related to visitors and programming duties will be asked to stay home.
(Read more: DerbyInformer.com – news,news/)
Many school districts in Kansas only learned the news of all schools across the state closing just hours before the announcement.
“It is shocking — just trying to think about what you are missing out on and what your kids are going to missing out on in the classroom,” said Erin Glamman, who teaches at Rex Elementary School.
“I think we are all in shock,” said Clay Murphy, USD 356 Garnett Schools Superintendent.
Despite the closing of school doors, educators, both private and public, are now enrolled in a crash course working to figure out how to educate their students.
(Read more: KSN-TV)
Gov. Laura Kelly on Tuesday announced the mandatory closure of all K-12 school buildings to in-person instruction through the rest of the 2019-20 school year, a move she said was necessary to help stem the spread of the novel coronavirus here and “flatten the curve” in an effort to avoid overwhelming the health care system.
“The reality of this pandemic is that it cannot be controlled statewide if school buildings return to normal operations, or if they respond inconsistently in local communities,” Kelly said. “Unprecedented circumstances threaten the safety of our students and the professionals who work with them every day, and we must respond accordingly.”
Kelly said that state has assembled a task force that will release recommendations on a continuous learning plan for schools in Kansas tomorrow afternoon.
(Read more: Prairie Village Post)
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