Henry Schmidt2023-02-27T08:50:04-06:00February 27th, 2023|
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, Beth Warren and Henry Schmidt.
info2023-02-24T11:59:33-06:00February 24th, 2023|
Cleveland Federal Reserve President Loretta Mester said Friday that interest rates likely need to keep moving higher to get inflation back to acceptable levels. In a CNBC interview, Mester said she sees the central bank's benchmark interest rate having to rise above 5% and stay there for a while. The fed funds rate, which sets the level that banks charge each other for overnight borrowing but spills over into many forms of consumer debt, is currently in a target range of 4.5%-4.75%. "I see that we're going to have to bring interest rates above 5%," she told CNBC's Steve Liesman during [...]
info2023-02-24T11:56:41-06:00February 24th, 2023|
Demand is down for municipal bonds, which just erased nearly all of their January gains amid fears of rate increases. The markets’ bumpy start to 2023 is causing whiplash even in the historically placid realm of state and local government debt. Municipal bonds this month have erased nearly all of their January gains after fears of rate increases cooled investor appetites. ... Most bonds in the $4 trillion muni market are backed by state and local taxes, and prices for the ultrasafe securities tend to move in line with Treasurys. Demand rarely flags because the bonds have a perk coveted by [...]
info2023-02-24T11:52:20-06:00February 24th, 2023|
Alan King is retiring after 11 years as Wichita’s director of public works and utilities. Mayor Brandon Whipple praised the outgoing director for his service during his State of the City address Thursday evening. “The city has benefited so much from Alan King’s knowledge, particularly as we are upgrading our aging infrastructure. Once in a while, we have a boil [water] order and Alan King is that steady hand, that steady voice that makes sure we get back to business as quick as possible,” Whipple said. “Alan, I hope you enjoy your retirement, but I also hope just as much that [...]
info2023-02-28T14:29:11-06:00February 24th, 2023|
For any Johnson Countian who may have noticed a funny taste or smell to their tap water lately, WaterOne has an important message: your water is absolutely safe to drink. The different “flavor profile,” as WaterOne officials put it, is due to seasonal temperature changes in local river water, and technicians are already making adjustments for it, said Mandy Cawby, WaterOne customer relations director. Source: Prairie Village Post
Henry Schmidt2023-02-24T08:47:37-06:00February 24th, 2023|
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, Beth Warren and Henry Schmidt.
info2023-02-24T01:06:29-06:00February 24th, 2023|
Wichita Mayor Brandon Whipple delivered a progress report Thursday evening on the city’s efforts to boost the economy, improve public safety and provide opportunities for all of its citizens. In his State of the City address, the mayor said the city is working with Wichita residents to build a vibrant community. The mayor said the city has turned the corner on the COVID economy from 2020, and now has an unemployment rate of three percent. He said the city has restored or created over 32,000 jobs and now has the most robust job market it has had in decades. He [...]
info2023-02-24T12:03:02-06:00February 24th, 2023|
Due to some continuing shifts within the city of Derby’s legal division, staff proposed creating a new full-time assistant city attorney position that was approved by the Derby City Council at its Feb. 14 meeting. Currently, the legal division includes the city attorney (with Jacqueline Kelly just hired to the position), a part-time assistant city attorney and part-time city prosecutor. With the part-time assistant city attorney position vacant for over two years and the current city prosecutor recently giving notice, the decision was made to combine the roles into one full-time position to help attract potential employees. Replacing the part-time positions [...]
info2023-02-24T01:04:03-06:00February 24th, 2023|
Barton County may be able to receive additional funding for the $4.2 million courthouse renovation, Chairman Shawn Hutchinson announced Thursday when the Barton County Commission hosted a Great Bend Chamber of Commerce coffee. “There’s a potential we could get $1.2 million back in tax credits,” he said. That is possible due to Great Bend Economic Development Inc.’s efforts to have the downtown area declared a historic district. Source: Great Bend Tribune
info2023-02-24T01:02:47-06:00February 24th, 2023|
Trial has been rescheduled for May 1 in a lawsuit filed 2½ years ago by a company that lost its bid to install wind turbines south of US-50 in an area within a Flint Hills wind farm moratorium. Trial was postponed from Dec. 5 because a lawyer for the plaintiffs had surgery. Although lawyers for both the company and Marion County have filed a multitude of papers in the case, it has not been resolved. Many of the filings ask the court to make a decision without a trial. Source: HILLSBORO Star-Journal
