TITLE

Kansas Legislature Has a Week to Answer the $230 Million Question

AUTHOR(S)
Williamson, Richard
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Kansas legislative leaders will reveal their plan during the second week of April 2003 for covering a 230 million dollar revenue shortfall, after rejecting proposals from Governor Kathleen Sebelius to advance tax collections and issue tobacco bonds. While legislators approved most of the governor's spending proposals at the end of their regular session during the first week of April 2003, they left Topeka, Kansas for a three-week recess without providing the revenue to cover the budget deficit. Acknowledging that her one-time solutions to the revenue shortage were less than ideal, Sebelius said steps such as advancing tax collections by one month and raising 175 million dollars through the sale of revenue bonds supported by tobacco settlement funds were justified in harsh economic times.
ACCESSION #
9582490

 

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