3 Friday, March 3

Kansas rating outlook revised to positive S&P Global Ratings says

2023-03-03T00:08:16-06:00March 3rd, 2023|

S&P Global Ratings is expressing optimism about the fiscal health of Kansas. S&P Global Ratings revised its Kansas outlook from stable to positive on Tuesday this week. It also reaffirmed the state’s 'AA-' issuer credit rating (ICR) its 'A+' rating for the state's appropriation-secured debt.  Additionally, S&P Global Ratings revised its outlook to positive and affirmed its 'AA' long-term rating for the Kansas Department of Transportation's (KDOT) highway revenue bonds outstanding. Source: Derby Informer | News

2 Thursday, March 2

Fed Official Says Hotter Data Will Warrant Higher Rates

2023-03-03T08:30:39-06:00March 2nd, 2023|

The Federal Reserve will need to raise rates to higher levels than previously anticipated to prevent inflation from picking up if the recent strength in hiring and consumer spending continues, a central bank official said Thursday. “I would be very pleased if the data we receive on inflation and the labor market this month show signs of moderation,” Fed governor Christopher Waller said in remarks posted on the Fed’s website. “But wishful thinking is not a substitute for hard evidence in the form of economic data. After seeing promising signs of progress, we cannot risk a revival of inflation.” Mr. Waller didn’t say in his prepared remarks whether [...]

2 Thursday, March 2

10-Year Treasury Yield Tops 4% for First Time Since November

2023-03-02T14:11:04-06:00March 2nd, 2023|

Lingering inflation and fears of higher interest rates lifted the 10-year Treasury yield above 4% on Wednesday, marking a fresh acceleration for a historic bond-market rout. The climb carried the key measure of borrowing costs back toward the decade-plus highs reached last year. Spurring the most recent leg: a run of strong economic data that dashed hopes inflation will rapidly slow to near the Federal Reserve’s 2% target. Yields topped 4% Wednesday morning after a slightly stronger-than-expected survey of manufacturing activity. Rising yields lift borrowing costs for consumers and companies, and hurt the prices of other investments by offering steady payouts [...]

2 Thursday, March 2

Lawrence mayor to testify against proposed legislation that would take control from cities regarding homelessness issues

2023-03-02T13:56:12-06:00March 2nd, 2023|

The mayor of Lawrence is scheduled to testify Thursday at the Kansas Capitol against proposed legislation that would take control away from local authorities who are trying to provide support for people experiencing homelessness. Lawrence Mayor Lisa Larsen will give oral testimony in Topeka against Kansas House Bill 2430, which is known as the “Safe Cities Act,” according to a news release from the City of Lawrence. The bill places requirements and restrictions on how cities can approach public camping and sleeping, and it restricts cities’ eligibility to receive state funding designated for addressing homelessness. Source: LJWorld

2 Thursday, March 2

Changes to competition bill would lessen impact locally

2023-03-02T13:52:48-06:00March 2nd, 2023|

A bill that would provide private businesses that compete with governmental entities tax exemptions of property and sales taxes has advanced out of committee in the Kansas Senate. County Administrator Anthony Swartzendruber, who previously raised concerns with county commissioners about the bill, gave them an update Tuesday morning. He said the current version of the bill no longer had the words “ambulance service” or “city” in it, the latter of which would remove any concerns of the county being in competition with a private business since the county operates a bait shop. The bill now proposes to give tax exemptions to [...]

2 Thursday, March 2

Halstead businesses profit from the MAYB tournaments

2023-03-02T13:51:18-06:00March 2nd, 2023|

About 40 teams participated in the MAYB (Mid-American Youth Basketball) tournament in Halstead last Saturday, according to MAYB Executive Director Matt Flaming. He estimated that 40-50 people (including the players and coaches) from each team attend the tournaments, which means that Halstead likely saw between 1,600 and 2,000 visitors on Saturday. That’s good news for local businesses. Alan Weber, who owns two of those businesses—D’Angelo’s Pizza and Pepper’s Mexican Bar & Grill—said it helps all of the businesses on Main Street. “I’m sure people go to the grocery store to get snacks and the gas station and they come to get [...]

2 Thursday, March 2

Fire departments to get new teaching tool

2023-03-02T13:50:27-06:00March 2nd, 2023|

County fire departments soon will give fire safety presentations using an inflatable house that teaches children how to escape, how to use extinguishers, and kitchen and fireplace safety. The house, made by a Dallas company, costs $12,655 and will be used by all departments in the county. A donation from Sunflower Wind will pay for the house. It comes complete with instructions for exit drills and other safety procedures. It can be used indoors or outdoors and has non-toxic, water-based “smoke” to simulate burning. Children crawl through the house, locate an escape route, and crawl to assigned safety locations. Marion assistant [...]

2 Thursday, March 2

How long until Hutchinson has its new firehouse ready?

2023-03-02T13:44:32-06:00March 2nd, 2023|

Not only will Hutchinson's newest fire station be ready on time, it will have a new way to 'hose' off for firefighters. Because of the higher incidence of lead, smoke and toxic fumes that firefighters face, the new fire station will have showers located on the outer rim of the building, so firefighters will not bring the contaminants inside the station after a call. There will also be a special washing machine, an extractor, that washes their bunker gear. "They take a shower, get out of their dirty clothes that they wear, and then they'll put on hospital scrubs, and so [...]

2 Thursday, March 2

McKee to retire as Holton city manager

2023-03-02T10:51:22-06:00March 2nd, 2023|

With Holton City Manager Kerwin McKee’s announcement of his upcoming retirement, the Holton City Commission will be looking for someone to fill his position. During the commission’s regular meeting last night — held a day later than normal due to the Presidents Day observance on Monday — McKee, who has worked for the city since 1996 and has served as city manager since July 2016, formally announced that he would be retiring as a city employee, effective May 1. “It was a very hard decision to make, and it took a long time to make it,” McKee said. “There’s a lot [...]

2 Thursday, March 2

Historical horse racing proposed at Towne West, Greyhound Park

2023-03-02T09:40:58-06:00March 2nd, 2023|

The Kansas Racing and Gaming Commission (KRGC) said Wednesday it has received three applications from companies to open historical horse racing (HHR) facilities in Wichita. Boyd Gaming Corporation on Tuesday submitted its application to open a casino in Park City, which would feature 1,000 HHR units, meaning gamblers would bet on races that have already finished. On Wednesday, an application was submitted by Flint Hills Entertainment, proposing a facility at Towne West Square. It also applied to open "Eureka Downs Horse Racing Track," which would feature live racing in Eureka, Kansas. Source: KSN-TV

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