Taxes, budget and remapping dominate 2012 Kansas Legislature closing
By Gene Meyer| Kansas Reporter
TOPEKA — The nine extra days the Kansas Legislature met beyond the prescribed limits cost taxpayers more than $315,000, according to Capitol number crunchers.
The money went for pay and subsistence, as 165 lawmakers needed the extra time to pass major legislation. The session is supposed to end in 90 days, according to the [...]
Read More →Brownback aid: Jobs Growth to More Than Replace Boeing Loss
WICHITA – David Kensinger, Governor Sam Brownback’s chief of staff, said the governor will make an announcement Tuesday in Wichita regarding aviation manufacturing.
Boeing announced Wednesday it will end its operations in Wichita by the end of 2013, costing the area about 2,100 jobs.
“It was true a week ago that Wichita has the best facilities, the [...]
Certificates of Indebtedness Symptom of Bad Budget Choices
Without the state’s most recent internal borrowing, a $600 million certificate of indebtedness (COI) issued June 30, the state general fund (SGF) would have been out of money on July 5, just five days into the new fiscal year, and wouldn’t have a positive balance again until June 21, 2012.
Even with the $600 million loan [...]
State Borrows $600 Million from Itself to Meet FY2012 Cashflow
The State Finance Council has authorized a $600 million Certificate of Indebtedness, a loan from the state to itself, for fiscal year 2012, and public schools have again been told to backdate $220 million in state aid payments that will be made next week into FY2011.
A Kansas statute enacted in 1970 authorizes the council to [...]
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