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Fri Jun 24, 2016, 12:59 PM

Kansas to borrow $900 million, may delay payments to school districts


Kansas will have to borrow $900 million to get through next fiscal year and may have to delay payments to school districts to get through the current year.

It also will take more money from the highway fund and could tap a Medicaid fee fund.

The state faces a $45 million budget hole for the current fiscal year, which ends June 30. That could grow if June tax revenues fall short, budget director Shawn Sullivan told the State Finance Council on Wednesday.

Gov. Sam Brownback blamed the shortfall on the global economy, though a top Democrat pointed to the governor’s 2012 tax cuts as the cause.

Read more here: http://www.kansas.com/news/politics-government/article85257002.html#storylink=cpy

6 replies, 1301 views

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Reply Kansas to borrow $900 million, may delay payments to school districts (Original post)
n2doc Jun 2016 OP
xfundy Jun 2016 #1
billymike Jun 2016 #2
pbmus Jun 2016 #4
TreasonousBastard Jun 2016 #3
PJMcK Jun 2016 #5
pansypoo53219 Jun 2016 #6

Response to n2doc (Original post)

Fri Jun 24, 2016, 01:06 PM

1. Can't blame Brownback

... He's a True Christian™.

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Response to n2doc (Original post)

Fri Jun 24, 2016, 01:09 PM

2. Do A Colorado:

legalize cannabis, tax revenue blooms, happy schools.

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Response to billymike (Reply #2)

Fri Jun 24, 2016, 02:31 PM

4. Kansas was one of the last states to end prohibition

It will be the last state to legalize anything that makes its citizens happy

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Response to n2doc (Original post)

Fri Jun 24, 2016, 01:29 PM

3. Cut taxes even more-- that oughta do it.

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Response to n2doc (Original post)

Fri Jun 24, 2016, 02:50 PM

5. Can't blame Governor Brownback

He's a Republican. There isn't a thing wrong in this world that is the result of Republican policies. They are never wrong. It's always the fault of someone or something else.







(sarcasm, if needed)

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Response to n2doc (Original post)

Fri Jun 24, 2016, 02:55 PM

6. i bet kansas is so happy he got reelected.

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