6 Tuesday, December 6

Fed to Weigh Higher Interest Rates Next Year While Slowing Rises This Month

2022-12-06T11:42:32-06:00December 6th, 2022|

Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect. They have raised rates this year at the fastest pace since the early 1980s, including by 0.75 point at each of their past four meetings to combat inflation. Fed Chair Jerome Powell indicated last week that the central bank was prepared to downshift the size of rate increases at its coming meeting on Dec. 13-14. A smaller 0.5-point increase would mark a [...]

6 Tuesday, December 6

Municipal Bond Trends for December 5, 2022

2022-12-06T09:10:25-06:00December 6th, 2022|

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 and Beth Warren.

6 Tuesday, December 6

Following redistricting town hall, Douglas County is pulling together new data based on public feedback

2022-12-06T07:27:53-06:00December 6th, 2022|

“The only way that you could ensure that a district has rural representation is that the district only has precincts that are not in the City of Lawrence,” [Douglas County Clerk Jami] Shew told the Journal-World Friday. “That’s why that map was presented, some people said they wanted to make sure that there was a rural commissioner. Well, that’s the only way you can get it, because both the U.S. and Kansas Constitutions state that if you reside in a district, you have a right to file for and serve in any office that is within that district.” Because the districts [...]

6 Tuesday, December 6

Lawrence proposes using $8.3M in pandemic funds on homelessness, affordable housing

2022-12-06T07:23:21-06:00December 6th, 2022|

City leaders will soon consider a recommendation to spend more than $8 million in federal pandemic relief funds on projects related to housing and homelessness, including a proposal to spend $4.65 million to build tiny, modular homes for people experiencing homelessness. As part of its meeting Tuesday, the Lawrence City Commission will consider a recommendation from city staff to spend the city’s remaining $8.29 million in American Rescue Plan Act funds on eight projects related to housing and homelessness. Source: LJWorld

6 Tuesday, December 6

Construction at Salina’s new tennis complex is all but complete

2022-12-06T07:10:16-06:00December 6th, 2022|

After nine months of construction, the new tennis courts at Kenwood Park are all but complete, with just a few punch list items and final approval from the city to go. The new facility includes 12 state-of-the-art tennis courts with lighting, new parking space and a clubhouse with restrooms and other amenities. Liz Bothwell, Executive Director of Salina Tennis Alliance Inc., said the organization is already planning clinics, tournaments and other events to be held at the facility this spring. People can view events as they are planned and get involved at the new facility by visiting salinatennis.org. Source: Salina Journal

6 Tuesday, December 6

Bringing ideas to the table

2022-12-06T06:51:43-06:00December 6th, 2022|

Applicants for west Topeka’s vacant District 9 seat on the Topeka City Council will be asked Tuesday to explain how they handle conflict and tell what primary goal or agenda they hope to accomplish. Those are among the nine questions Topeka’s mayor and city council plan to pose to the five people seeking the seat recently vacated by the resignation of Councilman Michael Lesser, which took effect Nov. 1. The mayor and council plan during Tuesday’s 6 p.m. meeting to interview the applicants. They may then either vote to choose someone to fill the seat, or postpone that decision until later. [...]

6 Tuesday, December 6

New program offering utility assistance in Haysville

2022-12-06T01:47:43-06:00December 6th, 2022|

The Haysville Chamber of Commerce was recently updated on a new charitable organization that is now just over a year old. Built off needs identified by employees in USD 261, the HOPE Utility Assistance program was started to help community members in need. It is operated in partnership with the Haysville United Methodist Church. Through the program, a family can get up to $250 to help prevent their utilities from being turned off. It is operated solely through donations and has received $18,000 so far to help more than 40 clients, as reported by The Times-Sentinel. Source: Derby Informer | Area

6 Tuesday, December 6

Major Newton employer to close

2022-12-06T01:46:21-06:00December 6th, 2022|

The MasterBrand Cabinets plant (Norcraft) in Newton is shutting down. That’s according to a notice sent to board members of the Harvey County Economic Development Council as well as job placement professionals. Tucky Allen, business services director/rapid response coordinator for Kansas WorkforceONE, is currently working to find employment for the 480 employees of the plant at 831 S Columbus Ave, Newton. “What our plan is, MasterBrand has agreed and would like as many employers as possible to potentially hire affected workers,” Allen said. “They’ve agreed to let them [employers] come on site and do interviews. It will be called a job fair for [...]

6 Tuesday, December 6

KC’s first 1 million-square-foot-plus distribution center is available for sublease after outdoor-gear giant packs up Gardner operations

2022-12-06T06:54:29-06:00December 6th, 2022|

The Coleman Co. Inc. is preparing to pull up its stakes from a 1.1 million-square-foot distribution center in Gardner. At the opening of the $35 million industrial facility at 17150 W. Mercury St., the then-Wichita-based outdoor-gear giant's CEO Sam Solomon said the 25-acre building was a "key component of our global business strategy." Built in 2009 on a 50.5-acre site adjacent to Interstate 35, the distribution center won a Capstone Award in the industrial category in 2010. When the distribution center officially opened in 2010, the company had approximately 160 local full-time employees. It's unknown how many employees it has now. Source: Kansas [...]

6 Tuesday, December 6

This city was recognized by American Planning Association as ‘Great Place in Kansas’

2022-12-06T01:40:06-06:00December 6th, 2022|

Downtown Overland Park has been recognized as a Great Place in Kansas by the Kansas Chapter of the American Planning Association. These awards recognize excellent standards in planning and highlight neighborhoods, streets and public spaces. “Today, Downtown Overland Park is a destination. Just mention Downtown Overland Park in metropolitan Kansas City and you are likely to encounter people who are familiar with its increasing appeal, vibrancy and artistic presence,” said Mayor Curt Skoog said in a prepared statement. Source: Joco 913 News

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