Municipal Bond Trends for May 13, 2024

14 Tuesday, May 14

Municipal Bond Trends for May 13, 2024

2024-05-14T09:44:54-05:00May 14th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

13 Monday, May 13

Municipal Bond Trends for May 10, 2024

2024-05-13T10:00:04-05:00May 13th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

11 Saturday, May 11

Assistant city manager for Dallas chosen to be Topeka’s next city manage

2024-05-11T09:16:38-05:00May 11th, 2024|

Robert Perez, assistant city manager for Dallas, has been picked to be Topeka's next city manager.... “The governing body invested considerable time and effort into their selection process, and we’re excitedthat Dr. Perez has been selected,” Mayor Michael Padilla said in the release. “I have full confidence in his ability to lead the city of Topeka and guide us toward our strategic goals.” Source: CJonline

10 Friday, May 10

Municipal Bond Trends for May 9, 2024

2024-05-10T10:30:31-05:00May 10th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

10 Friday, May 10

Sedgwick County rejects RHID incentives for apartment project in Goddard

2024-05-10T07:31:20-05:00May 10th, 2024|

The Sedgwick County Commission has vetoed Goddard’s plan to give a developer $3.5 million in state incentives to build apartments at the Genesis Sports Complex. Commissioners voted 5-0 against the incentive package, which would have diverted property taxes from that land to pay for up to $3.5 million in eligible costs for a 108-unit apartment complex. County staff recommended nullifying Goddard’s agreement ... Source: Wichita Eagle

10 Friday, May 10

Retired fire chief continues to serve Halstead

2024-05-10T07:30:32-05:00May 10th, 2024|

He spent his entire career selflessly helping others during their greatest times of need. Now, retired fire chief Jim VanSchaik has taken on a different form of community service: that of city council member. VanSchaik took the oath of office on April 22 to fulfill the final 20 months of Brody Flavin’s term. Flavin resigned from the council on April 11. Source: Harvey County Now

10 Friday, May 10

Prairie Village considering rule that would effectively ban AirBnbs in city

2024-05-10T07:30:09-05:00May 10th, 2024|

Prairie Village is considering imposing a 30-day minimum stay rule on short-term rental properties, a rule that, if adopted, would effectively bar AirBnbs and Vrbos in the city. On Monday, the Prairie Village City Council became the latest Johnson County municipal government to take up the short-term rental issue and discuss imposing new restrictions on the properties. Source: Johnson County Post

10 Friday, May 10

Lawrence ordinance meant to help people with vouchers find housing survives legal challenge

2024-05-10T07:43:50-05:00May 10th, 2024|

A Douglas County judge has ruled against a group of landlords who sued the City of Lawrence over an ordinance that bans discrimination against some prospective tenants. The Lawrence City Commission in February 2023 approved an ordinance change that creates a protected class based on renters’ source of income... Local housing advocates have said that the protections could significantly help lessen Lawrence’s housing and homelessness crises, because many families who qualify for housing vouchers are unable to find landlords who will accept them. The full memorandum decision is here. Source: The Lawrence Times

10 Friday, May 10

Westmoreland cutting utility bills for residents following tornado

2024-05-10T07:27:07-05:00May 10th, 2024|

Westmoreland residents got some relief this week when the city government announced it was reducing utility bills. “In effort to hopefully give some relief, the city has cut this month’s utility bills in half!” officials wrote in a post on social media. The announcement came Tuesday in the wake of an EF-3 tornado that hit the city last week. Source: themercury.com

10 Friday, May 10

Kansas plan to get Chiefs, Royals relies on billions in bonds with ‘high degree of risk’

2024-05-10T07:25:34-05:00May 10th, 2024|

Some Kansas lawmakers want to use STAR bonds to finance new stadiums for the Kansas City Chiefs and Royals. After Jackson County voters rejected a county sales tax for the teams in April, a Kansas proposal would authorize STAR bonds with 30-year terms to pay up to 100% of the cost of building a new stadium across the state line. Fully financing a Chiefs stadium could mean issuing $2-3 billion in STAR bonds, and potentially $1.5 billion to $2 billion for the Royals. Never before have STAR bonds of that size been issued. As of 2020, $1.1 billion total in STAR [...]

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