Brownback Signs Off On $291M State Budget Band-aid

The State of Kansas will use $291 million in internal government borrowing to avoid a deficit in its current budget and pay bills on time through June.

Gov. Sam Brownback signed the budget bill into law Tuesday. The measure allows the state to avoid short-term cuts in aid to public schools, social services and other programs.

The state plans to liquidate a special investment fund and loan most of the proceeds to its main bank account to cover general spending before the fiscal year ends on June 30. The loan is promised to be paid back over seven years.

Kansas will still face projected budget shortfalls totaling $989 million for the next two years starting in July. However, the gaps could shrink Thursday after state officials and university economists issue new revenue projections.

 

 

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Now in his third year as News Director at KD-Country 94 and Z-96.3 The Lake, Chad is a jack of not all, but many trades. He spent previous years of his working life in hotel management, event planning, security, the aviation industry, staff writing for a newspaper, and as a small business owner. He began doing play-by-play of high school sports for KDNS and KZDY in 2009 and came to work full time for the stations in July of 2015. He is the father of an eight year old daughter who enjoys spending his free time with her, his very significant other and her children. His favorite activities include attending live music and sporting events as well as being a singer/songwriter. A natural conversationalist, he also enjoys a good discussion/debate on a myriad of topics from current events and politics to sports and philosophy. He resides in Beloit with his daughter and continues to write sports and meeting stories for the local newspaper.