Fed’s Bowman expects more rate hikes to reach inflation goal

13 Monday, February 13

Fed’s Bowman expects more rate hikes to reach inflation goal

info2023-02-13T13:32:05-06:00February 13th, 2023|

The Federal Reserve will likely have to keep raising interest rates to rein in price growth, which could slow economic expansion and affect the jobs market, Governor Michelle Bowman said. "We are still far from achieving price stability, and I expect that it will be necessary to further tighten monetary policy to bring inflation down toward our goal," Bowman said Monday at a community banking conference in Orlando, Florida. "Doing so will likely lead to subdued growth in economic activity and some softening in labor-market conditions." She said restoring price stability is essential to support a sustainably strong labor market. ... [...]

13 Monday, February 13

Lawrence Police, FBI to address fentanyl crisis during community forum

info2023-02-13T13:30:11-06:00February 13th, 2023|

It's time to have the talk, according to the Lawrence Police Department. The department is joining forces with the FBI, the Lawrence School District and the Douglas County District Attorney to discuss what it calls the "fentanyl crisis" in the community. Source: KSNT 27 News

13 Monday, February 13

$850,000 Funding Announced for Downtown Building Revitalization

info2023-02-13T13:16:44-06:00February 13th, 2023|

Lieutenant Governor and Secretary of Commerce David Toland today announced $850,000 has been made available to fund a new round of Historic Economic Asset Lifeline (HEAL) grants. The HEAL program, which is funded by the Department of Commerce and the Patterson Family Foundation, provides grants to small communities across the state to revitalize downtown buildings. The HEAL program is designed to bring downtown buildings back into productive use as spaces for: New or expanding businesses Housing Arts and culture Civic engagement Childcare Entrepreneurship “Downtowns throughout Kansas are already making dramatic and visible improvements because of this popular program,” Lieutenant Governor and Secretary [...]

13 Monday, February 13

Municipal Bond Trends for February 10, 2023

Henry Schmidt2023-02-13T08:43:21-06:00February 13th, 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.

13 Monday, February 13

Board will vote Monday on whether to sell a former Wichita school to private developers

info2023-02-13T07:18:23-06:00February 13th, 2023|

A former Wichita school that has sat vacant since 2011 could be sold to private developers if school board members approve the contract at Monday’s meeting. The former Price Elementary property at 6123 E. 11th Street, later renamed Blackbear Bosin Academy, would be sold to Garvey Ventures LLC for $500,000. The building was built in 1956 and sits on more than six and a half acres near 13th and Woodlawn. Garvey’s vice president of finance Aaron Wiechman said that if the sale is approved by the school board, developers will likely repurpose the property for housing. Source: Wichita Eagle

13 Monday, February 13

$50 million project announced to downtown Pittsburg’s Block22

info2023-02-13T07:17:36-06:00February 13th, 2023|

A new building, a two-story pavilion, redevelopment of the historic Besse Hotel... Pittsburg State University announces some big changes in the Block22 neighborhood. It's the "Gorilla Rising." PSU is working with the City of Pittsburg and local businesses on a new initiative they hope will strengthen the local business district and provide students with new and unique learning experiences. The University estimates the cost of the project to be about $50 million. ... One part of the new initiative is adding a new building to the PSU Kelce College of Business. Officials say the building currently leased by BMO Harris Bank [...]

13 Monday, February 13

Manhattan unveils, dedicates new $22.5 million joint maintenance facility

info2023-02-13T07:16:25-06:00February 13th, 2023|

The City of Manhattan proudly unveiled their new joint maintenance facility during a dedication and ribbon cutting ceremony on Friday. City Manager Ron Fehr delivered some opening remarks about the $22.5 million building that will now house over 100 employees from various departments and facilities across the city. Fehr said the facility provides significantly more space and resources than these departments had previously. Source: 1350 KMAN

13 Monday, February 13

New bill addresses county nuisance enforcement

info2023-02-13T07:08:31-06:00February 13th, 2023|

Hearings will begin in the state senate’s Local Government Committee at 9:30 a.m. Tuesday in Topeka about SB-162, a bill granting counties greater authority to enforce nuisance ordinances similar to those enjoyed by cities. The bill is sponsored by Riley County, but has gained the attention and support of other counties in the state, including Crawford. According to Crawford County Counselor Jim Emerson, county governments used to have, or at least believed they had, the power to enforce the clean-up of nuisance properties that posed a danger to the public. That assumption was severely curtailed in the 2012 court decision Barnes [...]

13 Monday, February 13

Daniel Farley is hired as the next South Haven School Superintendent

info2023-02-13T07:05:16-06:00February 13th, 2023|

Wellington High School graduate Daniel Farley has just been hired to be the South Haven School Superintendent. He will begin his tenure on July 1, 2023. The USD 509 South Haven School Board of Education made the hire this week. Farley is currently serving as the Director of Special Programs at USD 353 Wellington school district. Mr. Farley has broad educational experience as a teacher and administrator. He also served as Assistant Director of Sumner County Educational Services/Principal of Sumner County Academy for two years and was also the Assistant Principal at Clay Center Community High School for two years. Source: [...]

13 Monday, February 13

Debry hires Bel Aire’s Jacqueline Kelly as city attorney

info2023-02-13T07:04:49-06:00February 13th, 2023|

The city of Derby recently announced it has hired Jacqueline Kelly to serve as its new attorney starting March 20. Kelly will replace former city attorney Jacque Butler. Kelly most recently served as city attorney for the city of Bel Aire and has also served in a legal capacity with the Sedgwick County District Attorney’s Office – as assistant district attorney in the areas of civil probate/juvenile offender/traffic – and in the U.S. Attorney’s Office for the District of Kansas. Source: Derby Informer | News