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, Beth Warren or Henry Schmidt.

ederal Reserve Bank of Cleveland President Loretta Mester said policymakers should move their benchmark rate above 5% this year and hold it at restrictive levels for some time to quell inflation, with the exact level depending on how quickly price pressures ease. To put inflation on a steady path down to 2%, monetary policy needs to move “somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time,” Mester said at an event Tuesday in New York with the Money Marketeers of New York University.
Source: Bloomberg

Planning continues as a local Topeka non-profit works to return a grocery store to central Topeka. Although the Central Topeka Grocery Oasis group last month signed a lease with GraceMed Capitol Health Clinic for one acre north of the clinic at S.W. 12th and Washburn, efforts to launch a grocery store in neighborhood are still in very preliminary stages. CTGO chair, Marge Ahrens said the group was grateful to GraceMed Health and those who have helped in the quest for a grocery store.
Source: CJonline

Buhler district voters rejected an $8 million bond that would build a new district office building, which included classrooms for the district’s Ad Astra Academy, a large community/board room and an indoor sports complex. The bond also included $800,000 going toward elementary school playgrounds. With 15.76% of voters weighing in, the unofficial total of all 26 precincts was 578 voting for the bond and 954 voting against it. With 1,532 votes submitted, the yes votes came in at 38% of the total cast, with the no votes totaling 62%.
Source: Hutch News