For the foreseeable future, investment in Kansas public schools will be limited by an inadequate revenue stream. Any discussion of district reserve funds needs to acknowledge the realistic likelihood of mid-year budget cuts despite the promised “certainty” of the block grant funds.

“When lawmakers left Topeka last month, it was with the understanding the state would have $86 million in its cash reserves by the end of June 2016, which marks the end of the fiscal year, if the governor went ahead with $50 million in cuts.

“But those estimates have already been lowered less than a month into the 2016 fiscal year. The state’s nonpartisan Legislative Research Department now says that the state will have about $67 million in its reserves by the end of the fiscal year – and that’s assuming Gov. Sam Brownback makes a full $50 million in cuts.”

Read more here: http://www.kansas.com/news/politics-government/article27954994.html