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Kansas Legislators Consider Using State Investment Earnings To Aid Shortfall

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Kansas legislators are pushing a plan to close a projected budget shortfall without cutting aid to public schools.

The House Appropriations Committee endorsed a bill Monday that would liquidate a state investment portfolio. The move would raise $317 million in funds for a loan to the state’s main bank account that would be paid back over seven years.

The measure goes to the full House for debate.

Lawmakers in both parties do not like the internal borrowing but said it’s a better alternative than attempting to cut spending immediately. The state faces a projected shortfall of about $320 million for the fiscal year that ends June 30.

Senate GOP leaders advanced a plan last week to cut education funding by $128 million but canceled a debate when senators balked.

 

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Derek Nester
Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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