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.
Voters in the Wichita school district have overwhelmingly approved a change in the way the school board members are elected. A question on Tuesday’s general election ballot called for voters to elect a board member from the district where they live, and vote for an at-large position in both the primary and general elections. The current system had voters casting ballots for candidates in their districts for the primary election, while also voting for the at-large position. Voters in the general election would vote on all of the board members.
Source: 101.3 KFDI
The search for a permanent replacement for Hiawatha’s City Administrator reached its conclusion at Monday night’s meeting of the Hiawatha City Commission. The group voted to agree to a contract beginning Dec. 5 with current Interim Assistant County Administrator for the Unified Government of Wyandotte County and Kansas City, Kansas, Becky Berger. Berger is a familiar face in local governance, as she served in Atchison’s city government for nearly 10 years, including the last 4 years as City Manager, before her resignation in August of 2021. Berger, a graduate of Willamette University, was interviewed at a Special Meeting of the Commission late in October, and hired with a strong recommendation of Hiawatha’s current Interim City Administrator Larry Paine, who was very complimentary and said he was proud to present the contract to the commission. Paine has served as the Interim Administrator for Hiawatha since former City Administrator Mike Nichols resigned earlier this year.
Source: City Government | hiawathaworldonline.com
Business owners, housing advocates, and housed and unhoused community members filled Lawrence City Hall on Tuesday night to speak out about the city’s handling of homelessness and management of the camp behind Johnny’s. Rick Renfro, owner of Johnny’s Tavern in North Lawrence, closed his restaurant as a form of protest Tuesday morning, saying he wouldn’t reopen until the city installed a fence around the camp adjacent to his property. He also asked the city to assign a staff member to oversee the camp from 9 a.m. to 2 a.m to manage the site and monitor who goes in and who goes out. Before the meeting, the city partially acquiesced by installing a fence that delineates the separation between Renfro’s property and the camp, which is on city-owned property.
Source: The Lawrence Times
A public survey is asking community members to share their input on how the Lawrence school district should make budget cuts, including potentially closing and consolidating schools. As discussed during Monday’s school board meeting, survey takers will be asked which of the three “bucket” items — or categories of budget expenditures — should take priority. Bucket 1 lists potential staffing cuts; Bucket 2 lists potential program or activity cuts; and Bucket 3 lists potential facility or utilization changes. The Community Engagement Survey is part of the district’s Futures Planning Committee work. It’s open for all members of the Lawrence community to participate.
Source: The Lawrence Times
Manhattan city commissioners indicated Tuesday they want city staffers to start planning for the future of cemeteries. The city government will move forward with developing a master plan that would give an outlook for the next 20 to 30 years of services. Officials said the offices and shops at both cemeteries are past their useful life and in need of significant repair or replacement. Operations have shifted from Sunset Cemetery to Sunrise Cemetery because of burial lot availability. Sunset Cemetery is full as far as traditional burial sites, but it has the potential for a columbarium, which is an above-ground option for cremation.
Source: themercury.com – RSS Results in news of type article
The Pittsburg manufacturing industry continues to buck national trends, according to the latest Pittsburg Micropolitan Area Economic Report. The quarterly economic update published by economist Dr. Michael Davisson of Pittsburg State University Kelce College of Business shows the local manufacturing industry has not only recovered from the COVID downturn, but is one of the region’s fastest-growing sectors. Pittsburg manufacturing has outperformed the national manufacturing industry, which has not yet fully recovered from the pandemic. Davidsson’s report states that roughly $579 million has been invested in Pittsburg over the past nine years, which includes $102 million in industry infrastructure. … Manufacturing in the Pittsburg micropolitan area contributes to 21.5 percent of all private-sector jobs, and represents the second-largest non-government employment sector in the local area. According to the economic report, manufacturing contributes far more to the local gross domestic product (GDP) than any other industry, at $276 million annually.
Source: City of Pittsburg
In Tuesday’s general election, Douglas County voted to add two more County Commission districts, increasing the size of the county’s governing body from three seats to five. As of 9:45 p.m. Tuesday with about 60% of precincts reporting, 18,631 votes were in favor of the ballot question, good for 61.17% of the vote. The change will cut the number of constituents that one commissioner represents from around 42,000 to around 25,000. With the vote, the next step will be drawing a new district map. The commission will have to adopt the new districts prior to Jan. 1, 2023. From there, selecting commissioners for the two newly created districts would likely involve holding a special election, with the winners serving until the next general election in 2024.
Source: LJWorld
Lawrence business owners, residents, social service providers and people experiencing homelessness spoke to city leaders Tuesday evening about the city’s response to homelessness and the management of a camp in North Lawrence. During the public comment portion of the Lawrence City Commission’s meeting Tuesday, commissioners heard from about 20 people, with a few times that number gathered in the lobby of City Hall, about the issue. Some called for additional support for the camp, and city staff said at the end of the meeting that the city was in the process of hiring additional people to provide more monitoring at the site.
Source: LJWorld
Investors are bracing for the possibility that a second year of stubborn inflation could force the Federal Reserve to bring interest rates higher than they have been in more than 20 years. Wall Street pros spent much of this year betting that the Fed’s already aggressive rate moves would quickly cool the economy and stem rising prices. But last week’s better-than-expected jobs report was the latest sign of economic strength to catch investors off guard. Now, more are seriously considering whether the central bank’s target rate will rise as high as 6% before Fed officials take their foot off the brake—a level not reached since just before the dot-com bust in 2000, and one that could spell far more pain ahead for stocks and bonds. “It’s really hard to see any progress on inflation in the next four or five months. Not enough to satisfy the Fed,” said Jim Vogel, manager of interest-rate strategies at FHN Financial. Mr. Vogel believes rates will get to 6% before the Fed is convinced that inflation has been tamed.
Source: WSJ.com
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