“Kansas will face a budget shortfall of $238 million by the end of July 2016, the Legislature’s nonpartisan research staff said Friday in a new forecast predicting that the gap will emerge a year sooner than it had anticipated.” Read more here: http://www.kansas.com/2014/08/08/3588010/apnewsbreak-new-kansas-figures.html...
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Bloomberg reports tax cuts prompt S&P to reduce Kansas’ rating
Now instead of being told that the tax cuts will be a shot of adrenaline to the KS economy, we are hearing that our tax cuts need to be matched with spending cuts. Tax cuts shouldn’t be a justification for further cuts to school districts. The rating fell to AA, third-highest, from AA+ and the state’s appropriation-secured debt was dropped to AA- from AA, S&P said today. The outlook on both ratings is negative, which “reflects our belief that there will be additional budget pressure as income tax cuts scheduled in future years go into effect, or if...
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Leave a Comment Kansas Budget blog reports on threat to education and human service programs
“A quick outline: To keep the Kansas State General Fund solvent, lawmakers surely will have to limit spending — by hundreds of millions. The education and human service programs that make up almost 90 percent of State General Fund expenses will bear the brunt of the cuts.” http://www.kansasbudget.com/2014/08/the-wall-street-journal-tells-kansans.html?spref=fb The health of the State General Fund affects school funding. School districts made sacrifices during the recession, but these budget restrictions are avoidable....
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Leave a Comment More bad news on charters from Ohio
Here’s more on the wonderful world of free market charters from Ohio. But some of the laid-off teachers doubted that kids will be getting a quality education next year at FCI. “It’s just been mass chaos,” said Tina Geygan, who is one of the teachers let go. “We were having kids drop out like flies.” Annette McFarland, a middle-school science teacher at FCI who also was laid off, said she can’t see how the school could reopen in the fall. “Just my own personal opinion, but I don’t know how they can,” having lost so many of the...
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